Oshkosh Corporation has announced its financial targets for 2028, projecting revenue between $13 billion and $14 billion. The company expects an adjusted operating income margin of 12% to 14% and adjusted earnings per share to range from $18.00 to $22.00. Additionally, Oshkosh anticipates a free cash flow conversion of over 90% across the cycle. The company is focusing on innovation and technology to drive performance, supported by a robust backlog of $14.6 billion as of March 31. Oshkosh is implementing cost reduction initiatives and enhancing operational efficiency through autonomous technologies and artificial intelligence. The company is also increasing its portfolio resilience, with plans for balanced returns across segments and improved profitability in its Transport segment. The Vocational segment's contribution to adjusted operating income is expected to match that of the Access segment by 2028, while the delivery vehicle business continues to grow and defense margins are set to improve.
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