Shares of Oshkosh Corporation (NYSE: OSK) soared 12.95% in the pre-market session on Thursday, January 30, 2025, following the company's impressive fourth-quarter 2024 earnings report and an optimistic outlook for fiscal 2025.
For the fourth quarter ended December 31, 2024, Oshkosh reported adjusted earnings per share of $2.58, surpassing analysts' estimates of $2.17. The company's revenue for the quarter stood at $2.623 billion, exceeding expectations of $2.418 billion, driven by higher sales volumes and improved pricing across its segments.
Oshkosh's solid performance extended to its full-year 2024 results, with adjusted earnings per share of $11.74, representing a 17.6% increase over the prior year. The company also provided a positive outlook for fiscal 2025, initiating adjusted earnings per share guidance of approximately $11.00 on projected net sales of around $10.6 billion.
In addition, Oshkosh announced an 11% increase in its quarterly cash dividend to $0.51 per share, marking the 11th consecutive year of double-digit dividend growth. The dividend will be payable on March 3, 2025, to shareholders of record as of February 17, 2025.
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