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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.
Oshkosh
Oshkosh
Oshkosh Revenue by Segment
Revenue by Segment
Vocational Revenue
CapyFin.comDefense Revenue
CapyFin.com 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