Overview

* Oshkosh Q3 sales declined 1.9% to $2.69 bln, missing analyst expectations

* Adjusted EPS for Q3 2025 beats analyst expectations

* Company revises 2025 EPS outlook to $9.75-$10.25, adjusted EPS to $10.50-$11.00

Outlook

* Oshkosh revises 2025 EPS outlook to $9.75-$10.25

* Company adjusts 2025 adjusted EPS to $10.50-$11.00

* Oshkosh expects 2025 sales between $10.3 bln and $10.4 bln

Result Drivers

* ACCESS SEGMENT DECLINE - Sales in the Access segment fell 18.6% due to lower volume in North America and increased discounts

* VOCATIONAL SEGMENT GROWTH - Vocational segment sales rose 18.9% due to increased production rates and improved pricing

* TRANSPORT SEGMENT INCREASE - Transport segment sales increased 8.8% due to Next Generation Delivery Vehicle production and licensing income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Miss $2.68 $2.83

bln bln (10

Analysts

)

Q3 Beat $3.20 $3.07

Adjusted (13

EPS Analysts

)

Q3 Net $196.20

Income mln

Q3 $260.39

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and 1 "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 ( OSK ) is $157.50, about 12.7% above its October 28 closing price of $137.53

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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(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.)