Oshkosh (NYSE:OSK) Issues Quarterly Earnings Results, Beats Expectations By $0.26 EPS

Oshkosh (NYSE:OSK) released its quarterly earnings data on Tuesday. The company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.61 by $0.26, Briefing.com reports. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.79 billion. Oshkosh had a net margin of 5.54% and a return on equity of 13.90%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.41 earnings per share. Oshkosh updated its FY 2026 guidance to 11.000-11.000 EPS.

Here are the key takeaways from Oshkosh’s conference call:

• 2026 adjusted EPS guidance was reduced to approximately $11, primarily because fire-truck production throughput is improving more slowly than expected. Management indicated third-quarter earnings could be flat to down year over year, with a stronger fourth quarter.
• Access demand improved, with second-quarter sales up 9.4%, orders of $1.5 billion, a 1.1 book-to-bill ratio, and a $2 billion backlog. The company now expects full-year Access revenue to grow versus 2025, supported by mega-projects, strong utilization, and anticipated recovery in broader nonresidential construction.
• Consolidated adjusted operating income declined to $258 million from $313 million, reflecting unfavorable mix and higher manufacturing overhead, including investments in future production capacity. Tariffs contributed roughly $40 million-$50 million of net impact in the quarter, although management still expects full-year price-cost neutrality.
• Oshkosh is restructuring Pierce’s fire-truck manufacturing from bay-based assembly toward high-flow production lines. Shipments are expected to be lower than previously planned in 2026, while production is targeted to increase about 10% this year and 25%-30% over time to support growth in 2027 and 2028.
• Transport momentum is building as NGDV production ramps, with delivery-vehicle revenue up more than 20% sequentially and another USPS order expected in the second half, likely the fourth quarter. Defense also received notable awards, including $142 million for FMTV A2 and $92 million for the ROGUE-Fires platform, while full-year free-cash-flow guidance remained $550 million-$650 million.

Oshkosh Price Performance

Shares of OSK traded up $1.55 during trading hours on Tuesday, reaching $156.50. 171,395 shares of the company’s stock traded hands, compared to its average volume of 764,816. Oshkosh has a 12 month low of $116.77 and a 12 month high of $180.49. The company has a current ratio of 1.63, a quick ratio of 0.83 and a debt-to-equity ratio of 0.13. The stock has a market cap of $9.76 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 0.77 and a beta of 1.23. The firm’s 50 day simple moving average is $139.28 and its 200-day simple moving average is $148.14.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, May 26th. Oshkosh’s dividend payout ratio (DPR) is 25.39%.

Insider Buying and Selling

In other news, Director Duncan Palmer sold 505 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total value of $67,599.30. Following the transaction, the director owned 39,684 shares of the company’s stock, valued at $5,312,100.24. This represents a 1.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Oshkosh

Several hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in shares of Oshkosh by 43.4% during the first quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company’s stock worth $21,180,000 after acquiring an additional 68,165 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Oshkosh by 8.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,191 shares of the company’s stock worth $17,705,000 after purchasing an additional 14,122 shares during the period. Focus Partners Wealth bought a new stake in Oshkosh in the first quarter worth $567,000. Sivia Capital Partners LLC bought a new stake in Oshkosh in the second quarter worth $325,000. Finally, California Public Employees Retirement System boosted its position in Oshkosh by 1.3% during the second quarter. California Public Employees Retirement System now owns 111,199 shares of the company’s stock valued at $12,626,000 after buying an additional 1,404 shares during the period. Institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

OSK has been the subject of several recent research reports. Sanford C. Bernstein set a $138.00 target price on shares of Oshkosh in a research note on Thursday, April 9th. Evercore restated an “outperform” rating and set a $181.00 target price on shares of Oshkosh in a research report on Monday, May 11th. Robert W. Baird cut their price target on Oshkosh from $175.00 to $172.00 and set an “outperform” rating for the company in a report on Monday, May 11th. Zacks Research cut Oshkosh from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings upgraded Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Oshkosh currently has an average rating of “Moderate Buy” and a consensus price target of $168.60.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.