| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 2.8K | 2.5% | 5.7% |
| Total Income | 2.8K | 2.5% | 5.7% |
| Expenditure | 2.6K | 1.0% | 8.9% |
| PBT | 177.90 | 19.0% | 25.4% |
| Net Profit | 138.40 | 24.4% | 29.5% |
| OPM | 6.94% | 1.41pp | 2.75pp |
| NPM | 4.87% | 1.41pp | 2.43pp |
| EPS | — |
Oshkosh Corporation Reports Q3 2026 Results
29 Oct 2026 · 5h ago
Summary
Oshkosh Corporation announced third quarter 2026 results with consolidated sales reaching $2.84 billion, a 5.7 percent increase year-over-year, primarily driven by the Access segment. However, net income declined to $138.4 million ($2.22 per diluted share) from $196.2 million ($3.04 per diluted share) in the prior year, with adjusted net income also decreasing. The company cited challenges in fire truck production as a reason for updating its full-year adjusted earnings per share outlook to $8.50-$9.50. Despite these challenges, management expressed confidence in long-term positions and future success.
Key Highlights
- 1
Oshkosh Corporation reported third quarter sales of $2.84 billion, an increase of 5.7 percent compared to the prior year.
- 2
Net income for the third quarter of 2026 was $138.4 million, or $2.22 per diluted share, down from $196.2 million, or $3.04 per diluted share, in the third quarter of 2025.
- 3
Adjusted net income for the third quarter of 2026 was $150.1 million, or $2.41 per diluted share, compared to $206.6 million, or $3.20 per diluted share, in the third quarter of 2025.
- 4
The Access segment saw sales increase by 20.7 percent to $1.34 billion, driven by higher sales volume and improved pricing.
- 5
The Vocational segment experienced a sales decrease of 7.0 percent to $899.9 million, primarily due to lower fire apparatus production.
- 6
The company updated its full-year 2026 outlook for adjusted earnings per share to a range of $8.50 to $9.50, reflecting short-term challenges in fire truck production.
- 7
Consolidated operating income decreased to $197.1 million, or 6.9 percent of sales, compared to $260.4 million, or 9.7 percent of sales, in the prior year's third quarter.
Management Comments
John Pfeifer
Our results reflected challenges arising from our transformation of fire truck production. Improvements in throughput are taking longer than we previously expected, and we have identified the primary factors that affected production. We are taking focused actions to improve material flow and strengthen production scheduling, and we believe this is a near-term issue. We delivered solid performance in our Access segment during the third quarter, reflecting strong customer demand and improved execution. Given our short-term challenges in fire truck production, we are lowering our full-year expectation for adjusted earnings per share to a range of $8.50 to $9.50. Our backlog for fire trucks remains elevated, and we remain confident that the actions we are taking as we move to high-flow lines will result in increased production levels over time, supporting a strong outlook for fire trucks and returns in the Vocational segment consistent with our long-term expectations. We remain focused on disciplined execution and continue to believe our strong market positions, differentiated products and investments in technology and manufacturing capabilities position Oshkosh well for success in the future.
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