OSK

In early May 2026, Oshkosh Corporation reported first-quarter results showing largely flat sales of US$2,317.8 million but lower earnings, reaffirmed its 2026 diluted EPS guidance of US$10.90, continued its long-running share repurchase program, and declared a quarterly dividend of US$0.57 per share payable on June 9, 2026. These events highlight Oshkosh’s focus on returning cash to shareholders through buybacks and dividends while maintaining its earnings outlook despite recent profit pressure. With guidance maintained and capital returns ongoing, we will now examine how this steady outlook reshapes Oshkosh’s investment narrative for investors. Uncover the next big thing with 28 elite penny stocks that balance risk and reward. To own Oshkosh, you need to believe its specialty vehicles and long-term government and infrastructure demand can support solid earnings, even when quarterly profits are under pressure. Right now, the key short term catalyst is management’s ability to translate record backlogs and large contracts into healthier margins, while the biggest risk remains contract and volume sensitivity in defense and Access. The latest results, with flat sales but weaker earnings and reaffirmed EPS guidance, do not materially change that near term balance. The most relevant update is Oshkosh’s decision to maintain its 2026 diluted EPS guidance at US$10.90 despite a sharp year on year drop in first quarter EPS to US$0.68. That stance puts more weight on stronger performance later in the year as the main catalyst investors are watching, while keeping the focus on execution risk in defense and Access if end markets or contract economics soften further. Yet behind this steady outlook, there is an underappreciated risk investors should be aware of if defense funding priorities or Access demand shift... Read the full narrative on Oshkosh (it's free!) Oshkosh's narrative projects $12.6 billion revenue and $1.0 billion earnings by 2029. This requires 6.6% yearly revenue growth and an earnings increase of about $422 million from $577.9 million. Uncover how Oshkosh's forecasts yield a $164.79 fair value, a 30% upside to its current price. By contrast, the most cautious analysts were assuming essentially flat revenue around US$10.9 billion and earnings of about US$726 million by 2028, painting a much tougher path if Access softness and contract cost pressures outlas...

Oshkosh’s first quarter results for 2026 were met with a negative market reaction, driven by a combination of flat sales and adjusted earnings that fell short of Wall Street expectations. Management pointed to operational disruptions in the vocational segment, specifically noting that weather- and travel-related delays pushed fire truck shipments out of the quarter. CEO John Pfeifer acknowledged, “First quarter earnings per share were modestly below the expectations we outlined on our last call,” and highlighted ongoing investments to modernize production and address bottlenecks. The company also faced higher manufacturing overhead and unfavorable product mix, impacting margins across several segments. Is now the time to buy OSK? Find out in our full research report (it’s free). Revenue: $2.32 billion vs analyst estimates of $2.3 billion (flat year on year, 0.8% beat) Adjusted EPS: $0.85 vs analyst expectations of $1.04 (18.3% miss) Adjusted EBITDA: $156.9 million vs analyst estimates of $162.6 million (6.8% margin, 3.5% miss) The company reconfirmed its revenue guidance for the full year of $11 billion at the midpoint Management reiterated its full-year Adjusted EPS guidance of $11.50 at the midpoint Operating Margin: 3.5%, down from 7.6% in the same quarter last year Backlog: $14.54 billion at quarter end, in line with the same quarter last year Market Capitalization: $7.86 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. David Raso (Evercore ISI) pressed for details on the timing of earnings recovery and why vocational backlog conversion could not accelerate. CFO Matthew Field explained that capacity expansion and production improvements are back-half weighted, with some delays in facility readiness. Tami Zakaria (JPMorgan) asked if pre-buy activity in vocational was expected due to upcoming emission standards. Field replied that significant pre-buy is not embedded in guidance, but capacity is ready if demand materializes. Mircea Dobre (Baird) questioned the net impact of tariffs and price/cost dynamics on margins. Field and CEO John Pfeifer explained that ongoing mitigation actions should keep the net tar...

Interested in Oshkosh Corporation? Here are five stocks we like better. Oshkosh reported Q1 2026 adjusted EPS of $0.85 on about $2.3 billion in sales, slightly below internal expectations, but management kept its full-year outlook unchanged and said demand remains solid across major businesses. The Access segment showed improving demand, helped by mega projects like data centers, with orders above $1.5 billion and a 1.6 book-to-bill. Backlog ended at $1.8 billion, while management said the used equipment market remains healthy. Vocational and Transport were mixed: Vocational was hurt by delayed fire truck pickups, while Transport is ramping NGDV and FMTV production and expects second-half margin improvement. Oshkosh also reiterated its 2026 EPS guidance of $11.50 and free cash flow target of $550 million to $650 million. MarketBeat Week in Review – 9/4 - 9/8 Oshkosh (NYSE:OSK) reported first-quarter 2026 results that came in modestly below its internal expectations, but management maintained its full-year outlook and said demand remains solid across its major businesses. President and CEO John Pfeifer said the company delivered consolidated sales of approximately $2.3 billion and adjusted earnings per share of $0.85 in the quarter. He said earnings were below the expectations discussed on the prior call, primarily because of fewer fire truck shipments in the Vocational segment, where some planned customer pickups were not completed. → Rocket Lab Just Hit a New All-Time High—Time to Buy or Let It Breathe? 3 Reasons Oshkosh Stock is Headed to New Heights “Our outlook for the company has not changed, and we are maintaining our full-year consolidated guidance,” Pfeifer said. “Demand across our segments remains solid, and we have good visibility for the remainder of the year.” Executive Vice President and CFO Matt Field said consolidated sales were flat compared with the prior-year quarter. Pricing, favorable currency and changes in cumulative catch-up adjustments in the Transport segment offset lower sales volume. → MP Materials Is Quietly Building a Rare Earth Powerhouse Oshkosh Scores Big With EV Contract Adjusted operating income declined to $96 million from $192 million a year earlier. Field attributed the decrease primarily to unfavorable mix across segments and products, Access channel mix that included higher national rental company sales, higher manufact...

Oshkosh Corporation OSK posted first-quarter 2026 adjusted earnings of 85 cents per share, down 55.7% year over year. The figure missed the Zacks Consensus Estimate of $1.04 by 18.53%. Revenues edged up 0.2% year over year to $2,318 million but missed the Zacks Consensus Estimate of $2,324 million by 0.27%. Results were impacted by weaker profitability in the Access and Vocational segments, caused by an unfavorable sales mix, higher manufacturing overhead costs, and price-cost pressures. The company ended the quarter with a total backlog of $14.54 billion, highlighting strong demand visibility across its business. Oshkosh Corporation price-consensus-eps-surprise-chart | Oshkosh Corporation Quote While sales were essentially flat, OSK’s profitability weakened significantly from last year. Consolidated operating income dropped 53.2% year over year to $82 million, while operating margin narrowed to 3.5% from 7.6% a year ago. Adjusted operating income in the first quarter of 2026 fell 49.8% to $96.3 million, with adjusted operating margin declining to 4.2% from 8.3% in the prior-year quarter. The decline was mainly due to an unfavorable sales mix, higher manufacturing overhead costs, and lower sales volume. Better pricing and favorable currency impact helped offset some of the pressure on revenues. The quarter also included contract-related adjustments that affected sales figures. Oshkosh’s Access segment reported first-quarter 2026 sales of $943.4 million, down 1.4% year over year, as lower sales volume outweighed the benefit from favorable currency movement. Profitability also declined sharply, with adjusted operating income falling to $38.8 million (down 64% year over year) and adjusted operating margin dropping to 4.1% from 11.3% a year ago. The segment was hurt by an unfavorable sales mix and pricing pressures that weighed on profitability. Despite the near-term weakness, Access backlog rose 1.9% year over year to $1.84 billion at the end of the quarter, providing solid revenue visibility going forward. OSK’s Vocational segment reported first-quarter 2026 sales of $825 million, down 4.8% from the year-ago period, as weaker sales volume outweighed the gains from improved pricing. Adjusted operating income fell 26.9% year over year to $94.1 million, while adjusted operating margin declined to 11.4% from 14.9% a year earlier. Fire truck production improved yea...

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. First quarter performance was impacted by shipment delays in the Vocational segment, primarily due to weather and travel disruptions affecting customer fire truck pickups. Access segment demand remains robust, particularly driven by mega projects like data centers, resulting in a strong 1.6 book-to-bill ratio. Management attributes the year-over-year operating income decline to unfavorable product and channel mix, alongside higher manufacturing overhead from capacity investments. The company is actively managing a dynamic cost environment, utilizing supply chain actions and pricing to mitigate the impact of tariffs and geopolitical inflation. Strategic focus remains on modernizing production flow and removing bottlenecks in fire truck and jet bridge manufacturing to reduce extended lead times. The Transport segment is successfully ramping the Next Generation Delivery Vehicle (NGDV) program, which has now surpassed 20 million operational miles. Full year adjusted EPS guidance of $11.50 is maintained, with approximately 70% of earnings expected in the second half of the year. Second half strength is predicated on improved price-cost dynamics in Access and higher production throughput in the Vocational segment. Transport segment margins are expected to expand in the latter half of 2026 as the company transitions out of legacy fixed-price contracts. Guidance assumes a new NGDV order in the second half of the year, which would positively impact margins under A606 accounting. Management remains committed to 2028 targets, supported by a $6.6 billion vocational backlog and ongoing capacity expansions. The company recorded a $13 million benefit from IEEPA refunds in Q1, with a total of $23 million expected for the full year. Tariff impacts from the Section 232 expansion are expected to be largely offset by EPA tariff recoveries, resulting in a negligible net impact. Investments in Pierce fire truck facilities are ongoing, with the bulk of the $150 million capital program expected to be completed by year-end. Geopolitical conflicts are cited as a primary driver of inflationary pressure on raw materials like steel and aluminum. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick....

Oshkosh (OSK) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.92 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -18.53%. A quarter ago, it was expected that this heavy vehicle manufacturer for the military, emergency and commercial companies would post earnings of $2.33 per share when it actually produced earnings of $2.26, delivering a surprise of -3%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Oshkosh, which belongs to the Zacks Automotive - Domestic industry, posted revenues of $2.32 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.27%. This compares to year-ago revenues of $2.31 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Oshkosh shares have added about 21.8% since the beginning of the year versus the S&P 500's gain of 7.2%. While Oshkosh has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Oshkosh was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete lis...

Reports First Quarter Sales of $2.32 billion, up 0.2 Percent Reports First Quarter Earnings per Share of $0.68 and Adjusted1 Earnings per Share of $0.85 Maintains 2026 Consolidated Financial Outlook OSHKOSH, Wis., May 08, 2026--(BUSINESS WIRE)--Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, today reported 2026 first quarter net income of $43.1 million, or $0.68 per diluted share, compared to net income of $112.2 million, or $1.72 per diluted share, for the first quarter of 2025. Adjusted1 net income was $53.8 million, or $0.85 per diluted share, for the first quarter of 2026 compared to $124.8 million, or $1.92 per diluted share, for the first quarter of 2025. Comparisons in this news release are to the first quarter of 2025, unless otherwise noted. Consolidated sales in the first quarter of 2026 were relatively flat at $2.32 billion, as pricing, currency and the impact of cumulative catch-up adjustments offset lower sales volume. Consolidated operating income in the first quarter of 2026 decreased 53.2 percent to $82.0 million, or 3.5 percent of sales, compared to $175.4 million, or 7.6 percent of sales, in the first quarter of 2025. The decrease was primarily due to unfavorable sales mix, higher manufacturing overhead costs and lower sales volume. Adjusted1 operating income in the first quarter of 2026 decreased 49.8 percent to $96.3 million, or 4.2 percent of sales, compared to $191.8 million, or 8.3 percent of sales, in the first quarter of 2025. "We delivered first quarter adjusted earnings per share of $0.85 reflecting lower results in our Access and Vocational segments compared with last year," said John Pfeifer, president and chief executive officer of Oshkosh Corporation. "While fire truck production improved year-over-year, deliveries were below our expectations, driven in part by weather- and travel-related disruptions. "In Access, lower results reflected adverse sales mix and unfavorable price-cost dynamics. We saw strong order activity and solid demand in the segment, supported by mega projects, including data center-related construction. Our Transport segment performed in line with our expectations as we continue to ramp NGDV production and execute on our defense portfolio. "Importantly, demand across our segments remains solid and we have good visibility for the remainder of the year. We are maint...

(Updates with stock move in the headline and first paragraph.) Oshkosh (OSK) shares were down pas

Oshkosh (OSK) reported Q1 adjusted earnings Friday of $0.85 per diluted share, compared with $1.92 a

OSHKOSH, Wis. (AP) — OSHKOSH, Wis. (AP) — Oshkosh Corp. (OSK) on Friday reported first-quarter profit of $43.1 million. On a per-share basis, the Oshkosh, Wisconsin-based company said it had profit of 68 cents. Earnings, adjusted for one-time gains and costs, were 85 cents per share. The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share. The heavy vehicle manufacturer for the military, emergency and commercial companies posted revenue of $2.32 billion in the period, which met Street forecasts. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OSK at https://www.zacks.com/ap/OSK

Image source: The Motley Fool. May 8, 2026, 9:30 a.m. ET President & Chief Executive Officer — John C. Pfeifer Executive Vice President & Chief Financial Officer — Matthew Allen Field Executive Vice President & Chief Communication Officer — Patrick N. Davidson Need a quote from a Motley Fool analyst? Email [email protected] Operator: Thank you. The next question is coming from David Michael Raso of Evercore ISI. Please go ahead. David Michael Raso: Trucks for the year, but we are taking a little bit more measured approach there versus what we originally guided to. It all still leads us to the $1,150 number. I am sorry, I am still here. I just want to follow up on that about Transport Defense, talking about the rest of the year for the other segments. Your postal revenue is generally where I was expecting, and it sounds like are we at that sort of full quarterly run rate as the year goes on? And do we need that second tranche of orders for the cumulative accounting catch up? Do we need that set of orders to still hit your guide for Transport Defense margin? Just curious about that catch up in the second order that is required. Thank you. Matthew Allen Field: Sure. So the calendarization of revenue delivery is expected to grow across the quarters. So we would expect higher revenue as we progress through the year as we continue to ramp up production, but in line with our expectation and the USPS delivery schedules. We are assuming there is an order in the back half of the year as well, and so that is implicit in our guidance. David Michael Raso: Thank you very much. I appreciate it. Matthew Allen Field: Thanks, David. Operator: Thank you. The next question is coming from Tami Zakaria of JPMorgan. Please go ahead. Tami Zakaria: Hi, good morning. Thank you so much for taking my question. I wanted to ask about the Vocational segment. I appreciate the winter weather and timing-related comments. But just stepping back, do you expect any prebuy-driven demand, or is that embedded in your guide for the back half? Matthew Allen Field: We are not expecting significant levels of prebuy. That might happen in the back half, but we are certainly not counting on it. Just for those on the phone listening in, this is really about 2027 model year emission standards and chassis. And so we are not counting on that in our guidance. Certainly, if it happens, we stand ready with capacity....

For the quarter ended March 2026, Oshkosh (OSK) reported revenue of $2.32 billion, up 0.2% over the same period last year. EPS came in at $0.85, compared to $1.92 in the year-ago quarter. The reported revenue represents a surprise of -0.27% over the Zacks Consensus Estimate of $2.32 billion. With the consensus EPS estimate being $1.04, the EPS surprise was -18.53%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Oshkosh performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net sales- Vocational- Total Vocational: $825 million versus $942.06 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -4.8% change. Net sales- Vocational- Municipal fire apparatus: $331.5 million compared to the $374.33 million average estimate based on two analysts. The reported number represents a change of +0.5% year over year. Net sales- Transport- Total Transport: $512.8 million compared to the $529.11 million average estimate based on two analysts. Net Sales- Access- Telehandlers: $208.2 million compared to the $207.83 million average estimate based on two analysts. The reported number represents a change of -14.9% year over year. Net Sales- Corporate and other: $36.6 million versus the two-analyst average estimate of $11.54 million. The reported number represents a year-over-year change of +41.3%. Net Sales- Access- Aerial work platforms: $431 million compared to the $394.45 million average estimate based on two analysts. The reported number represents a change of -4.4% year over year. Net Sales- Access- Other: $304.2 million versus the two-analyst average estimate of $226.46 million. The reported number represents a year-over-year change of +16.2%. Net Sales- Access- Total: $943.4 million compared to the $828.74 million average estimate based on two analysts. The reported number represents a change of -1.4% year over year. Operating Incom...