Oshkosh (NYSE:OSK) Announces Quarterly Earnings Results

Oshkosh (NYSE:OSK) released its quarterly earnings results on Tuesday. The company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.24, Briefing.com reports. Oshkosh had a return on equity of 12.95% and a net margin of 5.24%.The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the business posted $3.41 earnings per share. Oshkosh’s revenue was up 6.7% compared to the same quarter last year. Oshkosh updated its FY 2026 guidance to 11.000-11.000 EPS.

Here are the key takeaways from Oshkosh’s conference call:

• 2026 adjusted EPS guidance was reduced to approximately $11, primarily because fire-truck production throughput is improving more slowly than expected. Management indicated third-quarter earnings could be flat to down year over year, with a stronger fourth quarter.
• Access demand improved, with second-quarter sales up 9.4%, orders of $1.5 billion, a 1.1 book-to-bill ratio, and a $2 billion backlog. The company now expects full-year Access revenue to grow versus 2025, supported by mega-projects, strong utilization, and anticipated recovery in broader nonresidential construction.
• Consolidated adjusted operating income declined to $258 million from $313 million, reflecting unfavorable mix and higher manufacturing overhead, including investments in future production capacity. Tariffs contributed roughly $40 million-$50 million of net impact in the quarter, although management still expects full-year price-cost neutrality.
• Oshkosh is restructuring Pierce’s fire-truck manufacturing from bay-based assembly toward high-flow production lines. Shipments are expected to be lower than previously planned in 2026, while production is targeted to increase about 10% this year and 25%-30% over time to support growth in 2027 and 2028.
• Transport momentum is building as NGDV production ramps, with delivery-vehicle revenue up more than 20% sequentially and another USPS order expected in the second half, likely the fourth quarter. Defense also received notable awards, including $142 million for FMTV A2 and $92 million for the ROGUE-Fires platform, while full-year free-cash-flow guidance remained $550 million-$650 million.

Oshkosh Trading Down 0.4%

Shares of OSK stock traded down $0.54 on Thursday, reaching $142.28. 364,905 shares of the stock were exchanged, compared to its average volume of 777,933. The stock has a market cap of $8.87 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. The company has a quick ratio of 0.83, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $140.27 and a two-hundred day moving average of $148.19. Oshkosh has a 1-year low of $116.77 and a 1-year high of $180.49.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, August 13th. Oshkosh’s payout ratio is presently 25.39%.

Insiders Place Their Bets

In other Oshkosh news, Director Duncan Palmer sold 505 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total transaction of $67,599.30. Following the completion of the sale, the director owned 39,684 shares of the company’s stock, valued at approximately $5,312,100.24. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Institutional Trading of Oshkosh

A number of institutional investors have recently modified their holdings of OSK. Global Retirement Partners LLC raised its holdings in Oshkosh by 284.9% in the fourth quarter. Global Retirement Partners LLC now owns 408 shares of the company’s stock valued at $51,000 after buying an additional 302 shares during the period. Geneos Wealth Management Inc. grew its stake in Oshkosh by 30.8% during the second quarter. Geneos Wealth Management Inc. now owns 594 shares of the company’s stock worth $67,000 after buying an additional 140 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Oshkosh in the second quarter worth $89,000. Brown Brothers Harriman & Co. increased its position in shares of Oshkosh by 610.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 753 shares of the company’s stock worth $95,000 after acquiring an additional 647 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Oshkosh by 20.9% in the 4th quarter. UMB Bank n.a. now owns 820 shares of the company’s stock valued at $103,000 after acquiring an additional 142 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

OSK has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Oshkosh from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday. Truist Financial upped their price objective on shares of Oshkosh from $176.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Barclays raised their target price on shares of Oshkosh from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings raised shares of Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Finally, Robert W. Baird boosted their price target on Oshkosh from $172.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $171.33.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.