Quarterly ResultMay 8, 2026, 02:53 PM
Oshkosh Q1 Net Income Plunges 61.6% to $43.1M; EPS $0.68
AI Summary
Oshkosh Corporation reported a significant decline in its first-quarter 2026 financial results, with net income falling 61.6% to $43.1 million and diluted EPS decreasing to $0.68. This occurred despite a slight 0.2% increase in net sales to $2,317.8 million. The company also increased its cash dividend per share to $0.57 and entered into a new $1.60 billion revolving credit facility, while net cash used in operating activities improved.
Key Highlights
- Net income decreased 61.6% to $43.1 million for Q1 2026.
- Diluted earnings per share fell 60.5% to $0.68 for Q1 2026.
- Net sales slightly increased by 0.2% to $2,317.8 million.
- Gross income declined 22.0% to $311.9 million.
- Operating income decreased 53.2% to $82.0 million.
- Cash dividends declared per share increased to $0.57.
- Net cash used in operating activities improved to $(161.0) million.
- New $1.60B revolving credit facility; $12.2B remaining performance obligations.
Price Impact
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