Oshkosh Q4 sales rise 3.5%, beat estimates

Overview

• Purpose-built vehicle maker's Q4 sales rose 3.5%, beating analyst expectations

• Adjusted EPS for Q4 missed analyst expectations

• Company repurchased 911,873 shares for $118.7 mln in Q4

Outlook

• Oshkosh expects 2026 EPS to be $10.90 and adjusted EPS to be $11.50

• Company anticipates improved results in Vocational and Transport segments

• Oshkosh sees continued weakness in non-residential construction affecting Access segment

Result Drivers

• VOCATIONAL SEGMENT - Improved pricing in Vocational segment drove sales increase, despite lower refuse vehicle sales

• ACCESS SEGMENT - Higher sales volume in North America boosted Access segment sales, offset by higher discounts

• TRANSPORT SEGMENT - NGDV production ramp-up and higher international vehicle sales supported Transport segment growth

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 4 "hold" and 2 "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 $157.50, about 7.8% above its January 28 closing price of $146.16

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

Press Release: ID:nBw5wsB7la

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