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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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