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Sep 30, 2023
Oshkosh Q3 2023 Earnings Report
Oshkosh reported strong Q3 2023 results, driven by revenue growth and improved operational performance.
Key Takeaways
Oshkosh Corporation reported a strong third quarter with a 21.4% increase in sales to $2.51 billion and adjusted earnings per share of $3.04. The company raised its full-year sales and earnings expectations, driven by solid orders and improved operational performance.
Sales increased by 21.4% to $2.51 billion due to higher sales volume, acquisitions, and improved pricing.
Diluted earnings per share (EPS) reached $2.79, while adjusted EPS was $3.04.
Consolidated operating income increased by 118.9% to $256.5 million, representing 10.2% of sales.
The company raised its fiscal year 2023 earnings per share expectations to a range of $8.75 to $9.50.
Revenue by Segment
Forward Guidance
The Company expects its fiscal 2023 diluted earnings per share to be in the range of $8.75 and adjusted earnings per share to be in a range of $9.50 on projected net sales in the range of $9.65 billion.
Positive Outlook
- Strong third quarter performance
- Positive market sentiment
- Strong backlogs
- Leading technologies
- Strength of our people
Historical Earnings Impact
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Avg. Return Before/After Earnings
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