Quarterly ResultJul 28, 2026, 02:12 PM
Oshkosh Q2 Net Income $183.2M, EPS $2.92; Sales Up to $2.92B
AI Summary
Oshkosh Corporation reported mixed financial results for the second quarter and first six months of 2026. While net sales increased to $2,915.1 million for the quarter, net income and diluted EPS decreased to $183.2 million and $2.92, respectively, compared to the prior year. The company saw a significant improvement in net cash provided by operating activities for the six-month period, reaching $213.3 million. However, deferred contract costs related to the NGDV contract are estimated to exceed future profits by $75 million, and the quarter's income tax expense benefited from $15.7 million in net discrete tax benefits.
Key Highlights
- Net sales for Q2 2026 increased to $2,915.1 million from $2,732.1 million in Q2 2025.
- Net income for Q2 2026 decreased to $183.2 million from $204.8 million in Q2 2025.
- Diluted EPS for Q2 2026 decreased to $2.92 from $3.16 in Q2 2025.
- Six-month net cash provided by operating activities improved to $213.3 million from $(305.7) million.
- Deferred contract costs exceed future profits by $75 million as of June 30, 2026.
- Q2 2026 income tax expense included $15.7 million net discrete tax benefits.
- Cash dividends declared per share increased to $0.57 in Q2 2026 from $0.51 in Q2 2025.
- Common Stock repurchases totaled $138.9 million for the six months ended June 30, 2026.
Price Impact
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