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Oshkosh Q1 2025 Earnings Report
Oshkosh Corporation reported a decrease in net income and earnings per share for the first quarter of 2025, with consolidated sales also declining, primarily due to lower sales volume in the Access segment.
Key Takeaways
Oshkosh Corporation reported first quarter 2025 net income of $112.2 million, or $1.72 per diluted share, on sales of $2.31 billion. Adjusted earnings per share were $1.92. Consolidated sales decreased 9.1% primarily due to lower sales volume in the Access segment, partially offset by improved pricing in the Vocational segment.
First quarter 2025 net income was $112.2 million, a decrease from $179.4 million in the prior year.
Diluted earnings per share for Q1 2025 were $1.72, down from $2.71 in Q1 2024.
Consolidated sales for the first quarter of 2025 decreased by $231.0 million, or 9.1%, to $2.31 billion.
Adjusted diluted earnings per share were $1.92, compared to $2.89 in the prior year.
Revenue by Segment
Forward Guidance
The Company estimates that the direct adverse impact of tariffs, net of mitigation efforts, could be in the range of $1.00 per share for 2025, with company-wide cost reduction actions partially offsetting this impact by up to $0.50 per share.
Positive Outlook
- Strong performance in the Vocational segment.
- Double-digit margins in the Access segment.
- Solid progress on the ramp-up of Next Generation Delivery Vehicle production.
- Continued benefit from solid underlying demand for Oshkosh products.
- Commitment to advancing strategic plan and belief in long-term growth trends.
Challenges Ahead
- Direct adverse impact of tariffs estimated at $1.00 per share for 2025.
- International trade environment is evolving rapidly and likely to remain dynamic.
- Potential future indirect impacts from tariffs, including lower demand, are difficult to predict.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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