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Mar 31, 2023
Oshkosh Q1 2023 Earnings Report
Oshkosh reported strong Q1 2023 results, exceeding expectations with increased sales, operating income, and earnings per share.
Key Takeaways
Oshkosh Corporation reported a strong first quarter in fiscal year 2023, with net sales increasing by 16.6% to $2.27 billion and diluted earnings per share rising to $1.34. The company's performance was driven by higher sales volume in the Access segment and improved pricing, leading to a significant increase in consolidated operating income. As a result of the positive start to 2023, strong demand, and confidence in continued progress on key operational initiatives, the company is increasing its full year 2023 expectations.
Net sales increased by 17% to $2.27 billion, driven by higher Access segment sales volume and improved pricing.
Diluted earnings per share (EPS) reached $1.34, and adjusted EPS was $1.59, significantly higher than the previous year.
The company reported strong orders, resulting in a record backlog of nearly $15 billion.
Fiscal year 2023 sales and earnings expectations were raised, reflecting confidence in continued progress and strong demand.
Revenue by Segment
Forward Guidance
The Company expects its fiscal 2023 adjusted diluted earnings per share to be in the range of $6.00 on projected net sales in the range of $8.65 billion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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