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Dec 31, 2019
Oshkosh Q1 2020 Earnings Report
Oshkosh Corporation reported first quarter results for fiscal year 2020, with net sales of $1.70 billion and earnings per share of $1.10, in line with expectations.
Key Takeaways
Oshkosh Corporation reported a decrease in net sales by 6.0% to $1.70 billion and a decrease in operating income by 32.0% to $109.1 million for the first quarter of fiscal 2020, compared to the same period in the prior year. The company reaffirmed its full year earnings per share estimate range of $7.30 to $8.10.
First quarter net sales decreased 6.0 percent to $1.70 billion.
First quarter net income was $75.7 million, or $1.10 per diluted share.
The company reaffirmed its fiscal 2020 diluted earnings per share estimate range of $7.30 to $8.10.
A quarterly cash dividend of $0.30 per share of Common Stock was declared.
Oshkosh
Oshkosh
Oshkosh Revenue by Segment
Revenue by Segment
Access Equipment Revenue
CapyFin.comDefense Revenue
CapyFin.com Forward Guidance
The Company reaffirmed its fiscal 2020 diluted earnings per share estimate range of $7.30 to $8.10, operating income estimate range of $690 million and $765 million and sales estimate range of $7.9 billion and $8.2 billion.
Positive Outlook
- First quarter results were in line with expectations.
- Negotiations were successfully concluded during the quarter with most of the access equipment segment’s key rental company customers.
- Solid backlogs across all four segments.
- Signs of stabilization in macro-economic data.
- Reaffirmed full year earnings per share estimate range of $7.30 to $8.10
Revenue & Expenses
Visualization of income flow from segment revenue to net income