Oshkosh Corporation (OSK) reported first-quarter 2024 adjusted earnings of $2.89 per share, beating the Zacks Consensus Estimate of $2.26. The bottom line also rose from $1.59 per share recorded in the year-ago period. Consolidated net sales climbed 12.2% year over year to $2.54 billion. The top line also surpassed the Zacks Consensus Estimate of $2.51 billion.Segmental DetailsAccess: The segment’s net sales rose 3.7% year over year to $1.24 billion due to enhanced sales volume in North America.Operating in ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-31371 Oshkosh Corporation (Exact name of registrant as specified in its charter) Wisconsin 39-0520270 (State or other jurisdiction of incorporation or organ ...

Financial Data and Key Metrics - Consolidated sales for Q1 2024 were $2.54 billion, a 12.2% increase YoY, driven by $176 million from AeroTech sales, increased volume across all segments, and improved pricing [41] - Adjusted operating income increased by $124 million YoY to $275 million, with a margin of 10.8%, a 410 basis point improvement [41] - Adjusted EPS for Q1 2024 was $2.89, compared to $1.63 in the prior year [19] - Full-year 2024 adjusted EPS guidance raised to $11.25, up from $10.25, reflecting strong execution and demand [11][20] Business Segment Performance Access Segment - Revenue grew by 3.7% YoY, with an adjusted operating margin of 17% in Q1 2024 [37] - Strong demand for aerial work platforms and telehandlers in North America, supported by infrastructure investments and industrial onshoring [13] - Plans to repurpose the Jefferson City facility for telehandler production, with a meaningful ramp expected in 2025 [38] Defense Segment - 2024 is a transition year, with production of domestic JLTVs winding down and ramping up of the USPS Next Generation Delivery Vehicle (NGDV) [14] - First NGDV units produced in Spartanburg, South Carolina, with full-rate production expected by the end of 2025 [14] - Defense sales expected to be $2.1 billion in 2024, with an adjusted operating margin of 2.5% [21] Vocational Segment - Revenue grew 37% YoY in Q1 2024, including $176 million from AeroTech [16] - Strong demand for fire trucks and McNeilus refuse vehicles, with customers showing enthusiasm for the electric Volterra ZSL [17] - Vocational sales expected to be $3.2 billion in 2024, with an adjusted operating margin of 11.5% [21] Market and Strategic Developments - Significant investments in market-leading technologies, including electrification and autonomous functionality, expected to drive demand for the next decade [6] - USPS NGDV program represents a major opportunity, with 75% of the first 50,000 units being battery electric vehicles (BEVs) [55] - AeroTech integration progressing well, with strong demand for airport ground service equipment and autonomous functionality [40] Management Commentary on Operating Environment and Outlook - Management expressed confidence in the company's ability to drive long-term growth, supported by robust backlogs and strategic acquisitions [6] - Positive outlook for 2024, with raised guidance for sales, adjusted operating income, and EPS [20] - Expectation of strong demand in North America, with Europe being the only outlier due to weaker market conditions [84] Other Important Information - Company repurchased 130,000 shares for $15 million in Q1 2024 [19] - Corporate expenses expected to increase by $10 million due to higher incentive and stock-based compensation [22] - Tax rate guidance revised to 24%, down from 24.5% [22] Q&A Session Summary Questions on Access Segment Margins - Access margins in Q1 were driven by favorable customer mix, but margins are expected to moderate in the remaining quarters due to higher new product development spending and start-up costs [64][89] - Strong demand for Access equipment, with no significant cancellations or push-outs from customers [97] Questions on USPS NGDV Program - NGDV production is expected to ramp up significantly in 2025, with full-rate production by 2026 [28] - Margins for the NGDV program are expected to exceed traditional tactical wheeled vehicle margins [28] Questions on Vocational Segment - Price/cost dynamics were a significant driver of operating income in Q1, with continued benefits expected throughout 2024 [83] - Vocational segment margins are expected to moderate in the remaining quarters due to timing of investments and integration costs [104] Questions on Defense Segment - Defense segment is transitioning from JLTV production to NGDV, with revenue from NGDV expected to exceed JLTV revenue in 2025 [58] - No material drop in revenue or operating income expected in 2025 for the Defense segment [72] Questions on Electrification and Future Growth - Electrification programs across segments, including fire trucks, refuse vehicles, and airport equipment, are expected to drive long-term growth [29] - Company is on track to achieve 2025 Investor Day targets one year early, reflecting strong execution and demand [114] Questions on Free Cash Flow and Capital Allocation - Free cash flow guidance remains unchanged, with working capital dynamics expected to normalize throughout the year [81] - Company remains focused on driving shareholder value through strong execution and strategic investments [44]

Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION for the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-31371 Oshkosh Corporation (Exact name of registrant as specified in its charter) Wisconsin 39-0520270 (State or other jurisdiction of incorporation or organization) 1917 Four Whee ...

Adj. EPS* of $2.56 Strong visibility with record backlog Fourth Quarter 2023 Earnings Call January 30, 2024 3 Initiating 2024 adj. EPS* estimate in the range of $10.25 per share | --- | --- | |-----------------------------------------------------------------------------------------------------|---------------------------------------------------------------------| | | | | | | | Revenue growth of over 25% | | | Adjusted operating margin* of 15% | | | Demand drivers have remained strong: infrastructure, mega p ...

Oshkosh Corporation Third Quarter Fiscal 2023 October 26, 2023 JOHN PFEIFER - PRESIDENT AND CHIEF EXECUTIVE OFFICER MIKE PACK – EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER PATRICK DAVIDSON – SENIOR VICE PRESIDENT, INVESTOR RELATIONS OSHKOSH® Forward-looking statements This presentation contains statements that the Company believes to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, in ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-31371 Oshkosh Corporation (Exact name of registrant as specified in its charter) Wisconsin 39-0520270 (State or other jurisdiction of incorporation or organization) 1917 Four Wheel Drive Oshkosh, Wisconsin 54902 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT O ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents Commission file number: 1-31371 Oshkosh Corporation (Exact name of registrant as specified in its charter) Wisconsin 39-0520270 (State or other jurisdiction of incorporation or organi ...

For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-31371 Oshkosh Corporation (Exact name of registrant as specified in its charter) Wisconsin 39-0520270 (State or other jurisdiction of incorporation or organ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-31371 Oshkosh Corporation (Exact name of registrant as specified in its charter) Wisconsin 39-0520270 (State or other jurisdiction (I.R.S. Employer of incorporation or organizatio ...