Q1 2025 Oshkosh Corp Earnings Call Transcript
Key Points
- Oshkosh Corp (OSK) reported strong performance in its vocational segment with a 12% year-over-year revenue growth and a robust adjusted operating income margin of nearly 15%.
- The company maintained a healthy backlog of $1.8 billion in its Access segment, indicating strong future demand.
- Oshkosh Corp (OSK) successfully mitigated European tariffs by relocating production from China to Italy, showcasing its agility in managing supply chain challenges.
- The Defense segment is on track to ramp up NGDV production to full rate by year-end, promising strong revenue growth in the latter half of 2025.
- The company continues to innovate with new product launches, such as the micro-sized ES1930M Scissor Lift and advanced technologies like the ClearSky Smart Fleet.
- Oshkosh Corp (OSK) faces a potential $1 per share impact from tariffs, which could affect its full-year earnings guidance.
- The Access segment experienced a decrease in sales due to softer market conditions in North America.
- The company reported a decrease in consolidated sales by 9% from the same quarter last year, primarily due to lower sales volume in the Access segment.
- Higher operating expenses and increased new product development spending negatively impacted adjusted operating income.
- The Defense segment experienced lower volume and higher cumulative catch-up adjustments, affecting its performance in the first quarter.
Greetings and welcome to the Oshkosh Corporation first quarter 2025 results conference call. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host Patrick Davidson, Senior Vice President of Investor Relations. Thank you, sir. You may begin.
Good morning, and thanks for joining us. Earlier today, we published our first 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 forward-looking statements
| 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
