Oshkosh Corporation reported net income of $196.2 million, or $3.04 per diluted share, for the third quarter of 2025, up from $180.3 million, or $2.75 per diluted share, in the third quarter of 2024. Adjusted net income for the third quarter of 2025 was $206.6 million, or $3.20 per diluted share, compared to $192.5 million, or $2.93 per diluted share, in the same period of 2024. Third quarter 2025 earnings per share included a $0.30 benefit from the resolution of a multi-year U.S. federal income tax audit. Consolidated sales in the third quarter of 2025 decreased by 1.9 percent to $2.69 billion, a decline of $52.8 million from the third quarter of 2024, primarily due to lower sales volume in the Transport and Access segments. The company reported a third quarter 2024 adjusted operating margin of 10.2 percent. For the full year 2025, Oshkosh expects diluted earnings per share to be between $9.75 and $10.25 and adjusted earnings per share to be between $10.50 and $11.00. Net sales for 2025 are projected to be between $10.3 billion and $10.4 billion, down from a previous estimate of $10.6 billion due to lower anticipated sales in the Transport and Access segments. Business developments during the period included improved throughput for municipal fire apparatus and growth in airport products in the Vocational segment, contributing to a nearly 19 percent increase in Vocational revenue. The company also reported double-digit operating margin in the Access segment while managing challenging market conditions.