Q2 2025 Oshkosh Corp Earnings Call Transcript
Key Points
- Oshkosh Corp (OSK) delivered an adjusted operating margin of 11.5% on revenue of $2.7 billion, leading to an adjusted EPS of $3.41, a 2.1% increase over the prior year.
- The company signed a three-year sole source contract for the Family of Medium Tactical Vehicles (FMTV) program with the Department of Defense, expected to yield favorable returns.
- Oshkosh Corp (OSK) achieved a significant milestone with the Next Generation Delivery Vehicle (NGDV) program, surpassing 1.5 million cumulative miles driven by postal workers.
- The Vocational segment saw a 15% revenue increase and 20% growth in fire apparatus deliveries, contributing to strong segment performance.
- Oshkosh Corp (OSK) increased its free cash flow outlook from $300 million-$400 million to $400 million-$500 million, reflecting improved tax management and operating performance.
- Consolidated sales for the second quarter decreased by $115 million, or 4%, from the same quarter last year, primarily due to lower sales volume in the Access and Transport segments.
- The Access segment experienced an 11% revenue decline, impacted by the expiration of a production agreement and higher discounts.
- The Transport segment's revenue decreased by $93 million, with defense vehicle volume lower due to the wind down of the domestic JLTV program.
- The company faces ongoing tariff headwinds, although it has strategies in place to mitigate these impacts.
- Oshkosh Corp (OSK) anticipates a slightly weaker Access adjusted operating income margin due to market dynamics and tariff impacts.
Greetings, and welcome to the Oshkosh Corporation second-quarter 2025 results conference call. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Pat Davidson, Senior Vice President of Investor Relations for Oshkosh Corporation. Thank you, sir. You may begin.
Good morning, and thanks for joining us. Earlier today, we published our second-quarter 2025 results. A copy of that release is available on our website at oshkoshcorp.com.
Today's call is being webcast and is accompanied by a slide presentation which includes a reconciliation of GAAP to non-GAAP financial measures that we will use during this call and is also available on our website. The audio replay and slide presentation will be available on our website for approximately 12 months. Please refer now to slide 2 of that presentation.
Our remarks that follow, including answers to your questions, contain statements that we believe to be
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
