Oshkosh Corp

Latest Results (18.11.2025):

Oshkosh Corp’s Q3 2025 earnings report highlights a solid performance amid a challenging market. The company delivered an adjusted EPS of $3.20 and reported consolidated net sales of approximately $2,688.6 million, with operating income just below $280 million. Strategic initiatives, key contract wins, and product innovations continue to position Oshkosh Corp strongly as it navigates its diversified portfolio.

Financial Performance

In Q3 2025, Oshkosh Corp reported an adjusted EPS increase to $3.20 alongside consolidated net sales of $2,688.6 million. The adjusted operating income reached $274.3 million, with margins holding at 10.2%, demonstrating resilience even as certain sales volumes were impacted. These results reflect the company’s effective pricing adjustments and the resolution of a federal tax audit.

Segment Performance

Oshkosh Corp’s diversified segments delivered varied outcomes in Q3 2025. The Access segment generated $1,110 million in revenue with an 11.0% adjusted operating margin, while the Vocational segment reported $968 million and a 15.6% margin. The Transport segment contributed $588 million with a 6.2% margin, illustrating a balanced performance across the company’s core business areas.

Innovation & Contracts

The quarter saw notable product innovations and key contract wins. Highlights include the launch of new products – such as the AG619 midsize telehandler and innovations in fire truck production efficiency – and an $89 million contract for the PLS A2 vehicle featuring on-board autonomous technology. These initiatives underscore Oshkosh Corp’s commitment to advancing technology and meeting evolving customer needs.

Updated Guidance

Looking ahead, the updated outlook for 2025 includes expectations of revenues between $10.3 and $10.4 billion and adjusted operating income in the range of $975 to $1,015 million. The company also anticipates adjusted EPS targets of approximately $10.50 to $11.00, along with strong free cash flow generation. This guidance further reinforces the confidence in Oshkosh Corp's strategic growth initiatives and capital management across its segments.