Oshkosh meets Q1 sales estimates

Oshkosh

08/05/2026 12:14

Overview

US purpose-built vehicle maker's Q1 sales were flat, meeting analyst expectations

Adjusted EPS for Q1 missed analyst expectations, reflecting lower Access and Vocational segment results

Company repurchased 303,592 shares for $47.3 mln during the quarter

Outlook

Oshkosh maintains 2026 adjusted EPS guidance at $11.50

Company expects 2026 net sales of about $11.0 bln

Oshkosh says demand across segments remains solid with good visibility for the year

Result Drivers

ACCESS SEGMENT PRESSURES - Lower results in Access segment driven by adverse sales mix, unfavorable price/cost dynamics, and lower sales volume

VOCATIONAL SEGMENT WEAKNESS - Vocational segment results hurt by lower sales volume, higher manufacturing overhead costs and adverse sales mix, partially offset by improved pricing

TRANSPORT SEGMENT GROWTH - Higher sales volume from ramp-up of Next Generation Delivery Vehicle production supported Transport segment sales, offset by lower tactical wheeled vehicle and aftermarket sales

Company press release: ID:nBw71x4TJa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Meet
$2.32 bln
$2.32 bln (11 Analysts)
Q1 Adjusted EPS
Miss
$0.85
$1.16 (13 Analysts)
Q1 Net Income
$43.10 mln
Q1 Operating Income
$82 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

Wall Street's median 12-month price target for Oshkosh Corp is $172.50, about 12.7% above its May 7 closing price of $153.06

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)