Q3 2025 Oshkosh Corp Earnings Call Transcript
Key Points
- Oshkosh Corp (OSK) delivered an adjusted operating margin of 10.2% on revenue of $2.7 billion in the third quarter, leading to an adjusted EPS of $3.20, a 9.2% increase over the prior year.
- The Vocational segment showed strong performance with an adjusted operating income margin of 15.6% on $968 million in sales, driven by higher volumes and improved pricing.
- Oshkosh Corp (OSK) showcased its advanced technologies at major expos, including the International Airport Ground Service Equipment Expo and the AUSA Defense Conference, highlighting its focus on autonomy and innovation.
- The company reported strong free cash flow of $464 million for the quarter, up from $272 million in the third quarter of 2024, primarily due to working capital changes.
- Oshkosh Corp (OSK) continues to support community initiatives, such as the 9/11 Memorial Stair Climb and the Feed the Body, Feed the Soul event, demonstrating its commitment to social responsibility.
- Oshkosh Corp (OSK) revised its 2025 adjusted EPS guidance to a range of $10.50 to $11, reflecting slightly lower revenue expectations for both Access and Transport segments.
- The Access segment experienced a 19% decline in sales compared to last year, attributed to weaker market conditions in North America and higher discounts.
- The company faces challenges with tariffs, estimating a cost impact of $30 million to $40 million for the full year, with most of it occurring in the fourth quarter.
- Oshkosh Corp (OSK) reported lower consolidated sales for the third quarter, down by $53 million or 2% from the same quarter last year, primarily due to lower sales volume in the Access segment.
- The Transport segment's defense vehicle revenue was lower compared to last year due to the wind down of the domestic JLTV program, impacting overall segment performance.
Greetings and welcome to the Oshkosh Corporation third-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, Investor Relations for Oshkosh. Please proceed.
Good morning and thanks for joining us. Earlier today we published our third-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 should contain statements that we believe to be forward-looking statements
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