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Sep 30, 2024
Oshkosh Q3 2024 Earnings Report
Oshkosh reported solid third quarter performance with revenue growth and adjusted operating margin, leading to adjusted earnings per share.
Key Takeaways
Oshkosh Corporation reported a 9.2% increase in sales to $2.74 billion and an EPS of $2.75 for the third quarter of 2024. The company's performance was highlighted by outstanding results in the Vocational segment, driven by industry-leading innovations and an extended backlog.
Consolidated sales increased by 9.2% to $2.74 billion due to improved organic sales volume, an additional month of AeroTech sales, and improved pricing.
Earnings per share (EPS) was reported at $2.75, while adjusted EPS reached $2.93.
Vocational segment revenue grew by 17.6%, with operating income increasing by 89.7%.
The company is reducing expectations for 2024 earnings per share to approximately $10.00 and adjusted earnings per share to approximately $11.35 due to softness in the access equipment market in North America.
Oshkosh
Oshkosh
Oshkosh Revenue by Segment
Revenue by Segment
Access Equipment Revenue
CapyFin.comVocational Revenue
CapyFin.comDefense Revenue
CapyFin.com Forward Guidance
The Company expects its 2024 diluted earnings per share to be approximately $10.00 and its adjusted1 earnings per share to be to be approximately $11.35.