Overview

• Oshkosh Q2 sales of $2.73 bln beat analyst expectations, per LSEG data

• Adjusted EPS for Q2 beats consensus, reflecting disciplined execution

• Co raises full-year adjusted EPS outlook to approximately $11.00

Outlook

• Oshkosh raises 2025 adjusted EPS outlook to approximately $11.00

• Company expects 2025 diluted EPS to be around $10.25

• Oshkosh anticipates 2025 net sales of approximately $10.6 bln

• Company sees limited tariff impact due to recent rate revisions

Result Drivers

• ACCESS SEGMENT DECLINE - Sales decreased by 10.7% due to expiration of Caterpillar telehandler agreement and reduced European sales, partially offset by AUSA acquisition sales

• VOCATIONAL SEGMENT GROWTH - Vocational segment sales rose 15% to $969.7 mln, driven by higher sales volume and improved pricing

• TRANSPORT SEGMENT - Sales decreased 16.2% to $479.1 mln due to wind-down of domestic Joint Light Tactical Vehicle program, partially offset by ramp-up of Next Generation Delivery Vehicle production for USPS

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

• Wall Street's median 12-month price target for Oshkosh Corp is $127.00, about 0.4% above its July 31 closing price of $126.53

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw962qBga

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)