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Mar 31, 2021
Oshkosh Q2 2021 Earnings Report
Oshkosh Corporation reported strong fiscal second quarter results, exceeding expectations and showing improvements compared to the prior year.
Key Takeaways
Oshkosh Corporation reported a strong fiscal 2021 second quarter with net sales increasing by 5.1% to $1.89 billion and net income of $99.6 million, or $1.44 per diluted share, compared to $68.6 million, or $0.99 per diluted share, in the second quarter of fiscal 2020. The company expects full year revenues to be in the range of $7.75 billion to $7.95 billion, leading to expected diluted earnings per share of $6.10 to $6.60 or adjusted earnings per share of $6.35 to $6.85.
Consolidated net sales increased 5.1% to $1.89 billion due to higher Fire & Emergency and Access Equipment segment sales.
Consolidated operating income increased 5.4% to $140.8 million, or 7.5% of sales.
The U.S. Postal Service selected Oshkosh to build its Next Generation Delivery Vehicle (NGDV).
The company expects growth in revenues, operating income and earnings per share in fiscal 2021 compared with last year’s results.
Revenue by Segment
Forward Guidance
The Company announced its fiscal 2021 diluted earnings per share estimate range of $6.10 to $6.60 (adjusted earnings per share of $6.35 to $6.85) on projected net sales between $7.75 billion and $7.95 billion. These estimates reflect estimated operating income between $592.5 million and $637.5 million (adjusted operating income of between $610 million and $655 million).
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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