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Mar 31, 2024
Oshkosh Q1 2024 Earnings Report
Oshkosh reported strong Q1 2024 results, with significant increases in sales, net income, and earnings per share, driven by outstanding execution, healthy demand, and strategic acquisitions.
Key Takeaways
Oshkosh Corporation reported a strong start to 2024, with a 12% increase in revenues and over 80% growth in adjusted operating income, leading to adjusted earnings per share of $2.89. The company raised its full-year earnings per share outlook to be in the range of $10.55 per share and adjusted earnings per share outlook to be in the range of $11.25 per share.
Sales increased by 12.2% to $2.54 billion, primarily due to the AeroTech acquisition and improved organic volume and pricing.
Net income rose to $179.4 million, or $2.71 per diluted share, compared to $88.5 million, or $1.34 per diluted share, in the first quarter of 2023.
Adjusted earnings per share increased by 77% to $2.89, compared to $1.63 in the same period last year.
The company raised its full-year earnings per share outlook to $10.55 and adjusted earnings per share outlook to $11.25.
Revenue by Segment
Forward Guidance
The Company expects its 2024 diluted earnings per share to be in the range of $10.55 and its adjusted earnings per share to be in the range of $11.25 on projected net sales of approximately $10.7 billion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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