OSHKOSH CORP

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.

Oshkosh Corporation reported its second quarter 2026 results, with sales increasing 6.7% to $2.92 billion. However, net income and diluted EPS decreased compared to the prior year, with diluted EPS at $2.92 and adjusted diluted EPS at $2.87. The company updated its full-year 2026 diluted EPS outlook to approximately $10.50 and adjusted EPS to approximately $11.00, both lowered from previous guidance, while raising its net sales outlook to approximately $11.2 billion. The company also declared a quarterly cash dividend of $0.57 per share and repurchased $91.6 million in common stock.

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.

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.