Oshkosh Earnings Call Transcripts
Fiscal Year 2026
-
Revenue targets remain on track despite macro disruptions, with strong backlogs and robust demand in key segments. Technology and AI integration are driving productivity and differentiation, while aftermarket services and prudent capacity expansion support long-term growth.
-
The portfolio is now balanced across Access, Vocational, and Transport, with each segment targeting significant growth and margin improvement by 2028. Technology integration, especially in autonomy and connectivity, is a key differentiator, while capital allocation remains focused on business investment, dividends, and selective M&A.
Fiscal Year 2025
-
Delivered strong 2025 results with $10.4B revenue and $10.79 adjusted EPS, driven by robust vocational and access segments. 2026 guidance projects $11B sales and $11.50 EPS, with tariff headwinds offset by pricing and cost actions. Innovation and backlog support long-term growth.
-
Management reaffirmed 2028 targets for revenue, margin, and EPS, citing strong backlogs, innovation in technology, and a balanced portfolio. Tariff and supply chain challenges persist, but margin improvements and M&A are expected to drive growth, with AI and automation as key future enablers.
-
Q3 2025 saw resilient margins and strong cash flow despite lower Access sales and tariff headwinds. Guidance for 2025 EPS was revised down to $10.50-$11.00, with continued strength in vocational and transport segments and ongoing innovation in autonomy and airport products.
-
Management outlined a strategy focused on innovation, capacity expansion, and operational efficiency, targeting strong revenue and margin growth through 2028. Segment performance varies, with Vocational and Transport showing robust demand and margin upside, while Access faces cyclical headwinds. AeroTech acquisition and new contract structures support future growth and resilience.
-
Q2 2025 saw strong margins and EPS growth despite lower revenue, with robust Vocational and improved Transport performance. Full-year EPS guidance is reaffirmed, free cash flow outlook raised, and share repurchases are set to double, supported by new contracts and resilient end markets.
-
The company outlined a strategy centered on innovation, customer value, and disciplined execution, targeting $13–$14 billion in sales and 12–14% margins by 2028. Growth is underpinned by strong backlogs, capacity investments, and technology leadership in electrification, autonomy, and connectivity.
-
Q1 2025 results met expectations with $2.3B revenue and $1.92 adjusted EPS, driven by strong vocational growth and resilient access margins. Tariffs are expected to reduce full-year EPS by $1, with mitigation efforts offsetting up to $0.50. Backlogs and demand remain robust across key segments.
-
A diversified industrial company highlighted its leadership in access, defense, and vocational segments, emphasizing technology-driven growth and resilience. 2025 guidance reflects a trough in access, strong defense and vocational outlooks, and ongoing innovation in electrification and autonomy.
Fiscal Year 2024
-
Fiscal 2024 saw double-digit revenue and margin growth, led by vocational and innovation in defense. 2025 guidance anticipates stable earnings despite access softness, with strong backlogs and new product launches supporting future growth.
-
Q3 2024 saw 9% revenue growth and strong margins, but full-year guidance was lowered due to softer access markets. Vocational and defense segments performed well, with robust backlogs and new contracts supporting future growth. Electrification and sustainability initiatives continue to advance.
-
Strong financial performance and raised guidance reflect robust demand across key segments, with technology-driven innovation in electrification and autonomy fueling growth. Major defense and postal contracts, along with healthy backlogs and new market entries, support a positive long-term outlook.
-
Q2 2024 saw 18% revenue growth and 36% higher adjusted operating income, with strong execution across all segments. Full-year adjusted EPS guidance was raised to $11.75, and NGDV production is set to offset defense revenue declines in 2025.
-
Strong demand and resilient performance continue across segments, with recent acquisitions and electrification driving growth. Defense transitions from JLTV to NGDV will support revenue and margin improvement, while capital allocation focuses on programmatic M&A and growth investment.