Oshkosh (US:OSK) ZACKSยท2025-10-30 15:21Core Insights - Oshkosh Corporation (OSK) reported third-quarter 2025 adjusted earnings of $3.20 per share, exceeding the Zacks Consensus Estimate of $3.12 and the $2.93 from the same quarter last year [1][10] - Consolidated net sales decreased by 1.9% year over year to $2.69 billion, falling short of the Zacks Consensus Estimate of $2.82 billion [1][10] Segment Performance - Access Segment: Sales declined by 18.6% year over year to $1.11 billion, primarily due to lower sales volume in North America and increased discounts, missing the Zacks Consensus Estimate of $1.18 billion [2] - Vocational Segment: Sales increased by 18.9% year over year to $968 million, driven by higher production rates and improved pricing, surpassing the estimate of $955 million [3] - Transport Segment: Sales rose by 8.8% to $587.9 million, benefiting from the ramp-up of the U.S. Postal Service's Next Generation Delivery Vehicle production and higher international sales, but missed the estimate of $640 million [5] Financial Overview - Operating income decreased by 43.2% year over year to $118 million, representing 10.6% of sales, missing the estimate of $126 million [3] - Operating income for the Vocational segment increased by 42.3% to $141.7 million, representing 14.6% of sales, but fell short of the estimate of $144 million [4] - Operating income for the Transport segment surged by 226.8% to $36.6 million, or 6.2% of sales, reflecting IP license income and improved pricing, but missed the estimate of $40.05 million [6] - As of September 30, 2025, the company had cash and cash equivalents of $211.8 million and long-term debt of $1.09 billion, up from $599.5 million at the end of 2024 [7] Guidance Revision - The company revised its 2025 adjusted earnings per share guidance to a range of $10.50 to $11, down from the previous estimate of $11, and projected full-year net sales to be between $10.3 billion and $10.4 billion, reduced from $10.6 billion [8]