By Dean Seal
Oshkosh has reverted to the profit guidance it gave back in January, before it had to put tariff-related caveats around the outlook, saying it can offset the current levy levels by cutting costs elsewhere.
The maker of specialty vehicles and machinery for various industries, including defense and transportation, on Friday said it is back to projecting adjusted earnings of $11 a share for 2025. Sales are still expected to hit $10.6 billion.
The revised estimates reflect a more limited impact from tariffs than previously projected, given the pauses and revisions to levies seen since April, Oshkosh said. Anticipated tariffs, based on current rates, are expected to be offset by company-wide cost-reduction actions, it said.
"Despite ongoing uncertainties in the global trade environment, we remain confident in our ability to navigate these challenges while delivering value for customers and shareholders," Chief Executive John Pfeifer said.
Oshkosh had said in April that tariffs could dent its original $11 per-share 2025 earnings estimate by $1 a share, and that it would take measures to get that figure down to 50 cents a share.
For the second quarter, Oshkosh posted a profit of $204.8 million, or $3.16 a share, compared with $168.6 million, or $2.56 a share, in the same quarter a year earlier.
Stripping out one-time items, adjusted earnings were $3.41 a share. Analysts surveyed by FactSet had been expecting $2.95 a share.
Sales were down 4% at $2.73 billion, clearing analyst targets for $2.66 billion, according to FactSet.
Volumes slid in its access and transport businesses, though the slippage was partially offset by higher volumes and prices in its vocational segment, which produces fire trucks and concrete mixers. The access unit makes boom lifts and telehandlers, while the transport division creates delivery vehicles for defense and commercial industries.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
August 01, 2025 07:01 ET (11:01 GMT)
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