Oshkosh falls after quarterly profit misses estimates

Oshkosh

08/05/2026 14:47

Updates

** Shares of machinery manufacturer Oshkosh Corp OSK.N plunge nearly 9% at $140 in early trade

** Co posts Q1 adjusted profit below Wall Street estimates, weighed down by weaker demand in its access and vocational segments

** First-quarter sales decline 1.4% in the access segment and fall 4.1% in the vocational segment

     ** Co reports adjusted profit of 85 cents per share, compared with $1.92/share from a year earlier; analysts on average expected $1.16 per share - data compiled by LSEG

** It expects 2026 adjusted profit to be in the range of $11.50/share, compared with the analysts' forecast of $11.40/share

** Jefferies says more clarity is needed on co's 2026 earnings, backlog durability and tariff impacts

** Including session's moves, shares up 8.8% YTD

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))