OSHKOSH, Wis.--(BUSINESS WIRE)--Oshkosh Defense, an Oshkosh Corporation [NYSE: OSK] company, announced today it was awarded an additional $25 million contract from the U.S. Army to deliver FMTV A2 Low-Velocity Airdrop (LVAD) 4x4 Cargo vehicles and kits. This order, following a recent Army contract for 97 vehicles, demonstrates strong and sustained customer demand for mission-critical tactical mobility solutions in extreme environments. "This award underscores our commitment to supporting the U. ...

This is a tricky spot in the construction cycle. Rates have started coming down a bit but are still high relative to recent history, and while there’s significant capacity expansion in areas like data centers, manufacturing, and power generation, other categories are arguably still inAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expres ...

Key Takeaways Oshkosh posted Q4 adjusted EPS of $2.26, down from $2.58, while net sales rose 3.5% year over year to $2.69B.OSK sees EPS growth led by a $6.6B Vocational backlog, higher fire truck output and NGDV ramp-up in Transport.Oshkosh expects Access sales to fall 6-7% in 2026 as backlog declines and long-term debt climbs to $1.1B.Oshkosh Corporation (OSK) , which designs, develops, and manufactures custom-built vehicles and equipment, sent mixed signals to investors, with earnings declining year over ...

Key Takeaways Oshkosh posted Q4 adjusted EPS of $2.26, missing estimates, while net sales rose 3.5% year over year.OSK saw sales growth across Access, Vocational and Transport, aided by pricing and volume improvements.Oshkosh provided its 2026 outlook, forecasting adjusted EPS of about $11.50 and net sales near $11B.Oshkosh Corporation (OSK) reported fourth-quarter 2025 adjusted earnings of $2.26 per share, which missed the Zacks Consensus Estimate of $2.33. The bottom line was also below $2.58 recorded in ...

Oshkosh increased share repurchases in the quarter to approximately 912,000 shares for $119 million, bringing total 2025 repurchases to $278 million. Field said repurchases over the prior 12 months benefited adjusted EPS in the quarter by $0.06 compared to the fourth quarter of 2024.CFO Matt Field said the fourth-quarter operating margin decline versus last year reflected unfavorable product mix and higher manufacturing overhead costs, partially offset by lower incentive compensation and higher sales volume ...

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. While this article may sound like financial advice, please observe that the author is not a CFA or in ...

For the quarter ended December 2025, Oshkosh (OSK) reported revenue of $2.69 billion, up 2.5% over the same period last year. EPS came in at $2.26, compared to $2.58 in the year-ago quarter.The reported revenue represents a surprise of +4.95% over the Zacks Consensus Estimate of $2.56 billion. With the consensus EPS estimate being $2.33, the EPS surprise was -3.18%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their nex ...

Financial Data and Key Metrics Changes - For the full year 2025, the company reported revenue of $10.4 billion, adjusted operating income of just over $1 billion, and adjusted earnings per share (EPS) of $10.79 [8][20] - In Q4 2025, consolidated sales were nearly $2.7 billion, an increase of $91 million, or 3.5% from the same quarter last year, with an adjusted operating income margin of 8.4% [19][24] - Adjusted EPS for Q4 was $2.26, contributing to a full-year adjusted EPS of $10.79, slightly above the midpoint of guidance [20][21] Business Line Data and Key Metrics Changes - The access segment achieved Q4 sales of $1.2 billion, roughly equal to last year, with an adjusted operating income margin of 8.8% [22][11] - The vocational segment reported Q4 sales of $922 million, with an adjusted operating income margin of 16.2%, reflecting improved pricing [23][14] - The transport segment saw sales increase to $567 million in Q4, with delivery vehicle revenue growing by 13% sequentially [23][16] Market Data and Key Metrics Changes - The company noted strong demand in the access segment driven by non-residential construction, although some sectors remain soft [12][11] - The vocational segment's backlog of over $6.6 billion provides visibility for future revenue, with expectations for continued growth in fire apparatus and airport products [16][14] - The transport segment is expected to grow with increased NGDV shipments and new defense contracts, although defense vehicle revenue is anticipated to be lower in 2026 [17][24] Company Strategy and Development Direction - The company is focusing on innovation, showcasing technologies at CES that include robotics, AI, and electrification to enhance safety and productivity [4][6] - Strategic investments are being made to improve production throughput and reduce lead times, with a capital investment of about $150 million planned [14][9] - The company aims to achieve an adjusted EPS range of $18-$22 per share by 2028, supported by strong long-term growth opportunities [29] Management's Comments on Operating Environment and Future Outlook - Management anticipates a continuation of recent economic conditions, with expected lower capital investments from industrial customers in 2026 [10][25] - The company expects Q1 2026 to be the lowest quarter of the year due to seasonal factors and the impact of pricing actions in the access segment [25][26] - Management remains optimistic about the second half of 2026, expecting improved performance across segments as economic conditions stabilize [26][29] Other Important Information - The company plans to invest approximately $200 million in capital expenditures and expects free cash flow of approximately $550-$650 million [27] - A quarterly dividend of $0.57 per share was announced, reflecting confidence in long-term cash flow generation [27] Q&A Session Summary Question: Access guidance and disconnect with competitors - Management acknowledged a balanced approach to 2026, noting strong demand from mega projects but pressure in private non-residential construction [33][36] Question: Transport margins and pricing dynamics - Management indicated that transport margins are expected to improve in the second half of 2026, with pricing for new contracts anticipated to enhance margins [40][41] Question: Telematics data and market health - Management reported healthy utilization rates in both U.S. and European markets, with a strong used equipment market [46][48] Question: First Quarter versus Fourth Quarter earnings acceleration - Management expects Q1 2026 earnings to be about half of last year due to lower sales in the access segment and adverse price costs [50][51] Question: Access segment ordering dynamics - Management noted that strong sales in Q4 were influenced by pricing pull forward, and they expect normalization in 2026 [70][71] Question: NGDV revenue expectations - Management confirmed that they are on track to meet production milestones for NGDV, with expectations for increased revenue in the second half of 2026 [62][64]

Oshkosh (NYSE:OSK) Q4 2025 Earnings call January 29, 2026 09:30 AM ET Company ParticipantsJohn Pfeifer - President and CEOMatt Field - EVP and CFOPat Davidson - Senior Vice President of Investor RelationsConference Call ParticipantsAngel Castillo - AnalystChad Dillard - AnalystChristian Zylstra - AnalystJamie Cook - AnalystJerry Revich - AnalystKyle Menges - AnalystMig Dobre - AnalystSteven Fisher - AnalystTim Thein - AnalystOperatorGreetings and welcome to the Oshkosh Corporation Fourth Quarter and Full Ye ...

Financial Data and Key Metrics Changes - For the full year 2025, the company reported revenue of $10.4 billion, adjusted operating income of just over $1 billion, and adjusted earnings per share (EPS) of $10.79 [8][9] - In Q4 2025, consolidated sales were nearly $2.7 billion, an increase of $91 million, or 3.5% from the same quarter last year [18] - Adjusted operating income for Q4 was $226 million, down about $20 million from the prior year, leading to an adjusted operating margin of 8.4%, down 100 basis points from last year [18][19] Business Line Data and Key Metrics Changes - The access segment achieved Q4 revenue of $1.2 billion, roughly equal to last year, with a book-to-bill ratio of 1.5 [11] - The vocational segment delivered full-year revenue of more than $3.7 billion, up nearly 13%, with an adjusted operating income margin of 15.8% [13] - The transport segment saw sales increase to $567 million in Q4, with delivery vehicle revenue growing by 13% sequentially compared to Q3 2025 [21][22] Market Data and Key Metrics Changes - The company noted that while there is underlying strength in data centers and infrastructure, many other construction sectors remain soft, leading to expectations of revenue decline in the first half of 2026 compared to 2025 [12] - The backlog for the access segment is $1.3 billion, which is considered reasonable in the current environment [11] - The vocational segment backlog exceeds $6.6 billion, providing excellent visibility for future revenue [16] Company Strategy and Development Direction - The company showcased its vision for the future at CES, focusing on robotics, autonomy, AI, connectivity, and electrification [4][5] - The strategy includes shifting from providing equipment that enables jobs at height to offering equipment that executes jobs autonomously [5] - The company plans to continue investing in innovation and expanding U.S. manufacturing while maintaining a strong focus on long-term profitable growth [26] Management's Comments on Operating Environment and Future Outlook - Management anticipates a continuation of recent economic conditions, with expected lower capital investments from industrial customers, particularly in access equipment and refuse businesses [10] - The outlook for 2026 includes an estimated adjusted EPS in the range of $11.50, reflecting strong performance in the vocational segment but weaker market conditions in the access segment [10][24] - Management expressed confidence in long-term growth opportunities driven by innovative products and strong business fundamentals [27] Other Important Information - The company announced a quarterly dividend of $0.57 per share, reflecting confidence in long-term cash flow generation [26] - Share repurchases in 2025 totaled $278 million, more than double the prior year, benefiting adjusted EPS in Q4 by $0.06 compared to Q4 2024 [19] Q&A Session Summary Question: Access guidance and disconnect with competitors - Management acknowledged a balanced approach to 2026, noting strong demand from mega projects but pressure in private non-residential construction [31][32] Question: Transport margins and pricing - Management indicated that transport margins are expected to improve as new pricing contracts are implemented and production increases [33] Question: Telematics data and equipment health - Management reported healthy utilization rates for equipment in both the U.S. and European markets, with a strong used market [34] Question: First Quarter versus Fourth Quarter earnings - Management expects Q1 adjusted EPS to be about half of last year, primarily due to lower sales in the access segment [36] Question: Pricing and cost dynamics - Management discussed ongoing cost reduction initiatives and the impact of tariffs on pricing strategies for 2026 [48][49] Question: Vocational segment backlog and revenue expectations - Management confirmed a healthy backlog in the vocational segment, particularly in fire and airport products, despite some pressure in refuse and recycling [50][51]