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Dec 31, 2023
Oshkosh Q4 2023 Earnings Report
Oshkosh reported strong Q4 2023 results, with increased sales and earnings per share.
Key Takeaways
Oshkosh Corporation reported a strong fourth quarter in 2023, with net sales increasing by 11.9% to $2.47 billion and diluted earnings per share rising to $2.28. The company's backlog reached a record $16.8 billion, providing substantial future visibility. They also announced a 12% increase in the quarterly cash dividend, marking the 10th consecutive year of double-digit dividend growth.
Q4 sales increased by 12% to $2.47 billion.
Diluted earnings per share for Q4 reached $2.28, and adjusted EPS was $2.56.
The company's backlog hit a record $16.8 billion.
A 12% increase in the quarterly cash dividend was announced, raising it to $0.46 per share.
Oshkosh
Oshkosh
Oshkosh Revenue by Segment
Revenue by Segment
Access Equipment Revenue
CapyFin.comVocational Revenue
CapyFin.comDefense Revenue
CapyFin.com Forward Guidance
The Company announced its 2024 diluted earnings per share estimate to be in the range of $9.45 and its adjusted1 earnings per share estimate to be in the range of $10.25 on projected net sales of approximately $10.4 billion.
Positive Outlook
- Adjusted earnings per share to be in the range of $10.25
- Net sales of approximately $10.4 billion
- Strong performance in 2023
- Solid demand
- Improved supply chains and positive outlook
Revenue & Expenses
Visualization of income flow from segment revenue to net income