Quarterly ResultMay 8, 2026, 08:06 AM
Oshkosh Q1 Sales $2.32B, EPS $0.68; Maintains 2026 Outlook
AI Summary
Oshkosh Corporation reported its first quarter 2026 results with consolidated sales of $2.32 billion, a slight increase of 0.2% year-over-year. Net income was $43.1 million, or $0.68 per diluted share, while adjusted net income was $53.8 million, or $0.85 per diluted share, both significantly lower than the prior year. The decrease in operating income was primarily attributed to unfavorable sales mix, higher manufacturing overhead costs, and lower sales volume in the Access and Vocational segments. Despite the Q1 performance, the company maintained its full-year 2026 adjusted earnings per share outlook of $11.50 and declared a quarterly cash dividend of $0.57 per share.
Key Highlights
- Q1 2026 Net Sales: $2.32 billion, up 0.2% from Q1 2025.
- Q1 2026 Diluted EPS: $0.68, down from $1.72 in Q1 2025.
- Q1 2026 Adjusted Diluted EPS: $0.85, down from $1.92 in Q1 2025.
- Q1 2026 Consolidated Operating Income: $82.0 million, down 53.2% YoY.
- Access segment sales decreased 1.4% to $943.4 million.
- Vocational segment sales decreased 4.8% to $825.0 million.
- Transport segment sales increased 10.8% to $512.8 million.
- Maintains 2026 Adjusted EPS Outlook of $11.50.
- Declared a quarterly cash dividend of $0.57 per share.
- Repurchased 303,592 shares for $47.3 million in Q1 2026.