Oshkosh Corporation (OSK) SEC Filings & Earnings Calls
EquiReason read 10 Oshkosh Corporation SEC filings in the last 12 months. Latest: 8-K on 2026-07-28 — Sales $2.92B (+7% y/y); Adjusted diluted EPS $2.87 (-16% y/y); Reported diluted EPS $2.92 (-8% y/y); Guidance: FY2026 adjusted EPS guidance lowered to ~$11.00.
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 8.1B
- P/E TTM
- 15.1
- Dividend yield
- 1.6%
- 52-week
- —
- Next earnings
- 29 Oct, in 5 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
28 Jul 20268-K · 2.02Sales $2.92B (+7% y/y); Adjusted diluted EPS $2.87 (-16% y/y); Reported diluted EPS $2.92 (-8% y/y); Guidance: FY2026 adjusted EPS guidance lowered to ~$11.00earningsopen
Figures in the filing · each found in the filing text
| Sales · Q2-2026 | $2.92B | +7% y/y |
| Adjusted diluted EPS · Q2-2026 | $2.87 | -16% y/y |
| Reported diluted EPS · Q2-2026 | $2.92 | -8% y/y |
| Access segment sales · Access · Q2-2026 | $1.37B | +9% y/y |
| Access segment operating income · Access · Q2-2026 | $152M | -17% y/y |
Guidance
FY2026 adjusted EPS guidance lowered to ~$11.00
Full-year adjusted EPS guidance lowered to approximately $11.00 due to slower fire truck production ramp and margin headwinds.
Risks flagged
Fire truck production ramp slower than expected; adverse sales mix and higher manufacturing costs pressure margins across segments.
“As we implement new material flow processes we anticipate a more gradual improvement in fire truck throughput than we previously expected.” · word for word
28 Jul 202610-QOshkosh reported Q2 2026 net income of $183.2M, down 10.5% YoY, with gross margin compression despite revenue growth.earningsopen
Figures in the filing · each found in the filing text
| Net sales · Q2-2026 | $2.92B | +7% y/y |
| Net income · Q2-2026 | $183M | -11% y/y |
| Diluted earnings per share · Q2-2026 | $2.92 | -8% y/y |
| Remaining performance obligations · 2026-06-30 | $12.30B | |
| Operating cash flow · H1-2026 | $213M | -170% y/y |
| Access segment net sales · Access · Q2-2026 | $1.37B | +9% y/y |
| Vocational segment net sales · Vocational · Q2-2026 | $967M | -0% y/y |
| Transport segment net sales · Transport · Q2-2026 | $536M | +12% y/y |
Risks flagged
Gross margin compression
“Gross income 480.3 524.5” · word for word
Deferred contract cost impairment risk
“The Company estimates that deferred contract costs exceed future profits on existing orders by approximately $75 million at June 30, 2026.” · word for word
Customer concentration in USPS contract
“Deferred contract costs, the majority of which are related to the NGDV contract” · word for word
8 May 202610-QOshkosh reported Q1 2026 results with significant margin compression and earnings decline, though backlog remains strong.earningsopen
Figures in the filing · each found in the filing text
| Net sales · Q1-2026 | $2.32B | +0% y/y |
| Gross income · Q1-2026 | $312M | -22% y/y |
| Operating income · Q1-2026 | $82M | -53% y/y |
| Net income · Q1-2026 | $43M | -62% y/y |
| Diluted earnings per share · Q1-2026 | $0.68 | -61% y/y |
| Cash and cash equivalents · 2026-03-31 | $250M | |
| Unsatisfied performance obligations · 2026-03-31 | $12.20B | |
| Access segment net sales · Access · Q1-2026 | $943M | -1% y/y |
| Vocational segment net sales · Vocational · Q1-2026 | $825M | -5% y/y |
| Transport segment net sales · Transport · Q1-2026 | $513M | +11% y/y |
Risks flagged
Deferred contract costs exceed future profits
“The Company estimates that deferred contract costs exceed future profits on existing orders by approximately $125 million at March 31, 2026.” · word for word
Gross margin compression
“Gross income $311.9 million vs $399.9 million; gross margin 13.5% vs 17.3%”
Cash burn
“Net cash used in operating activities ($161.0 million); cash and cash equivalents decreased by $229.5 million”
Interest expense increase
“Interest expense $29.8 million vs $27.0 million; interest on customer advances $15.7 million vs $11.0 million”
8 May 20268-K · 2.02Sales $2.32B (+0% y/y); Net income $43M (-62% y/y); Adjusted earnings per share $0.85 (-56% y/y); Guidance: FY2026 adjusted EPS $11.50, net sales ~$11.0Bearningsopen
Figures in the filing · each found in the filing text
| Sales · consolidated · Q1-2026 | $2.32B | +0% y/y |
| Net income · consolidated · Q1-2026 | $43M | -62% y/y |
| Adjusted earnings per share · consolidated · Q1-2026 | $0.85 | -56% y/y |
| Access segment sales · Access · Q1-2026 | $943M | -1% y/y |
| Vocational segment sales · Vocational · Q1-2026 | $825M | -5% y/y |
| Transport segment sales · Transport · Q1-2026 | $513M | +11% y/y |
| Adjusted operating income · consolidated · Q1-2026 | $96M | -50% y/y |
| Adjusted earnings per share guidance · consolidated · FY2026 | $11.50 | |
| Net sales guidance · consolidated · FY2026 | $11.00B | |
| Dividend per share · consolidated · Q2-2026 | $0.57 |
Guidance
FY2026 adjusted EPS $11.50, net sales ~$11.0B
Maintains full-year guidance despite Q1 miss; management cites solid demand and visibility.
Risks flagged
Margin pressure from adverse sales mix and price/cost dynamics in Access and Vocational segments.
“Access segment operating margin fell from 10.8% to 3.7%; Vocational from 13.6% to 10.3%.”
Fire truck production below expectations due to weather and travel disruptions.
“While fire truck production improved year-over-year, deliveries were below our expectations, driven in part by weather- and travel-related disruptions.” · word for word
26 Mar 2026DEF 14AAnnual proxy statement filed, disclosing executive compensation structure and 2025 financial results.open
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $10.40B | -3% y/y |
| Operating Income · FY2025 | $940M | -7% y/y |
| Diluted Earnings Per Share · FY2025 | $10.02 | |
| Net Cash from Operating Activities · FY2025 | $783M | +42% y/y |
| Backlog · 2025-12-31 | $14.20B | |
| Dividend per Share (quarterly) · Q1-2026 | $0.57 | +12% y/y |
| Cash Returned to Shareholders · FY2025 | $408M | +73% y/y |
| Net Income · FY2025 | $647M |
Guidance
Dividend increased 11.8% to $0.57 per share; backlog $14.2B
Management reaffirms positive long-term outlook, citing strong market fundamentals and backlog, despite near-term tariff headwinds.
Risks flagged
Tariff and Trade War Risk
“risks that the trade war and related tariffs could reduce the demand for or competitiveness of the Company’s products or cause inefficiencies in the Company’s supply chain” · word for word
Cyclical Demand Risk
“the cyclical nature of the Company’s access equipment, fire apparatus, refuse and recycling collection and air transportation equipment markets, which are particularly impacted by the strength of U.S. and European economies and construction outlooks” · word for word
Defense Budget Uncertainty
“budget uncertainty for the U.S. federal government, including risks of future budget cuts, the impact of continuing resolution funding mechanisms or a prolonged federal government shutdown” · word for word
16 Mar 20268-K · 1.01, 2.03Oshkosh Corporation entered into a Fourth Amended and Restated Credit Agreement and a First Amendment to Credit Agreement, dated March 16, 2026, with Bank of America and PNC Bank as administrative agents, respectively, indicating a refinancopen
Risks flagged
Increased leverage from amended credit agreement
“Creation of a Direct Financial Obligation” · word for word
17 Feb 202610-KNet sales $10.42B (-3% y/y); Operating income $940M (-7% y/y); Diluted earnings per share $10.02; Guidance: FY2026 revenue guided ~$11.0B vs FY2025 $10.4B, +5.7% YoY; EPS guided $10.90 (adjusted $11.50)open
Figures in the filing · each found in the filing text
| Net sales · FY2025 | $10.42B | -3% y/y |
| Operating income · FY2025 | $940M | -7% y/y |
| Diluted earnings per share · FY2025 | $10.02 | |
| Operating cash flow · FY2025 | $783M | +42% y/y |
| Access segment net sales · Access · FY2025 | $4.49B | -13% y/y |
| Vocational segment net sales · Vocational · FY2025 | $3.73B | +13% y/y |
| Transport segment net sales · Transport · FY2025 | $2.10B | -3% y/y |
| Access segment operating income margin · Access · FY2025 | 11.2% | |
| Vocational segment operating income margin · Vocational · FY2025 | 14.7% | |
| Total backlog · 2025-12-31 | $14.20B | -4% y/y |
Guidance
FY2026 revenue guided ~$11.0B vs FY2025 $10.4B, +5.7% YoY; EPS guided $10.90 (adjusted $11.50)
2026 guidance implies revenue growth of ~5.7%, with Access declining 7%, Vocational growing 13%, and Transport growing 19%. Operating margin expected to improve in Vocational and Transport but decline in Access. Tariff headwind expected to increase significantly to ~$200M.
Risks flagged
Tariff cost escalation
“The Company estimates tariffs will total approximately $200 million in 2026, which is an increase of approximately $165 million from 2025.” · word for word
Access segment demand weakness
“Access segment net sales decreased primarily as a result of lower organic sales volume ($659 million) as a result of softer market conditions” · word for word
Contract estimate variability
“cumulative catch-up adjustments on contracts in the Transport segment negatively impacted operating income by approximately $35 million in 2025.” · word for word
29 Jan 20268-K · 2.02Sales $2.69B (+4% y/y); Net Income $134M (-13% y/y); Diluted EPS $2.10 (-10% y/y); Guidance: FY2026 adjusted EPS guidance $11.50; GAAP EPS guidance $10.90earningsopen
Figures in the filing · each found in the filing text
| Sales · Q4-2025 | $2.69B | +4% y/y |
| Net Income · Q4-2025 | $134M | -13% y/y |
| Diluted EPS · Q4-2025 | $2.10 | -10% y/y |
| Adjusted Diluted EPS · Q4-2025 | $2.26 | -12% y/y |
| Access Segment Sales · Access · Q4-2025 | $1.17B | +1% y/y |
| Vocational Segment Sales · Vocational · Q4-2025 | $922M | +5% y/y |
| Transport Segment Sales · Transport · Q4-2025 | $567M | +6% y/y |
Guidance
FY2026 adjusted EPS guidance $11.50; GAAP EPS guidance $10.90
Initiated FY2026 adjusted EPS guidance of $11.50, reflecting expected improvement in Vocational and Transport, partly offset by Access weakness
Risks flagged
Access segment margin pressure from adverse price/cost dynamics and product mix
“Access operating margin declined from 12.4% to 8.5% due to adverse price/cost dynamics and product mix”
Continued weakness in non-residential construction affecting Access segment
“Management cited continued weakness in non-residential construction affecting Access segment”
NGDV ramp-up costs impacting Transport margins
“Costs associated with ramp-up of NGDV production partially offset Transport segment improvement”
29 Oct 202510-QOshkosh reported Q3 2025 results with mixed segment performance: Access sales declined 18.6% YoY, while Vocational and Transport grew 18.9% and 8.8% respectively. Net income increased 8.8% YoY to $196.2 million.earningsopen
Figures in the filing · each found in the filing text
| Net sales · Consolidated · Q3-2025 | $2.69B | -2% y/y |
| Net income · Consolidated · Q3-2025 | $196M | +9% y/y |
| Diluted earnings per share · Consolidated · Q3-2025 | $3.04 | +11% y/y |
| Access segment net sales · Access · Q3-2025 | $1.11B | -19% y/y |
| Vocational segment net sales · Vocational · Q3-2025 | $968M | +19% y/y |
| Transport segment net sales · Transport · Q3-2025 | $588M | +9% y/y |
| Unsatisfied performance obligations · Consolidated · Q3-2025 | $12.40B | |
| Operating cash flow · Consolidated · 9M-2025 | $183M | |
| Free cash flow · Consolidated · 9M-2025 | $45M | |
| Gross margin · Consolidated · Q3-2025 | 17.5% |
Risks flagged
Access segment demand decline
“Access segment net sales decreased to $1,109.7 million in Q3 2025 from $1,363.3 million in Q3 2024.”
Gross margin pressure
“Gross margin declined from 18.5% to 17.5% in Q3 2025 vs Q3 2024.”
Goodwill impairment risk
“The Company recorded goodwill impairment charges of $5.7 million and $38.7 million for the nine months ended September 30, 2025 and 2024, respectively.”
Contract cost recovery risk
“The Company estimates that approximately $165 million of deferred contract costs would not be absorbed based on existing orders at September 30, 2025.”
29 Oct 20258-K · 2.02Sales $2.69B (-2% y/y); Net income $196M (+9% y/y); Adjusted EPS $3.20 (+9% y/y); Guidance: EPS guidance raised to $9.75-$10.25 from prior rangeearningsopen
Figures in the filing · each found in the filing text
| Sales · consolidated · Q3-2025 | $2.69B | -2% y/y |
| Net income · consolidated · Q3-2025 | $196M | +9% y/y |
| Adjusted EPS · consolidated · Q3-2025 | $3.20 | +9% y/y |
| Access segment sales · Access · Q3-2025 | $1.11B | -19% y/y |
| Vocational segment sales · Vocational · Q3-2025 | $968M | +19% y/y |
| Transport segment sales · Transport · Q3-2025 | $588M | +9% y/y |
Guidance
EPS guidance raised to $9.75-$10.25 from prior range
Guidance raised for 2025 EPS to $9.75-$10.25 and adjusted EPS to $10.50-$11.00.
Risks flagged
Access segment weakness
“Access segment sales down 18.6% and operating income down 43.2%.”
Warranty cost increases
“Increased warranty costs mentioned in multiple segments.”
Government contract awards
federal awards · contract value, often multi-year| Date | Agency | Value | What for |
|---|---|---|---|
| 2026-07-17 | DoD | $43M | Oshkosh Defense LLC, Oshkosh, Wisconsin, is awarded a hybrid firm-fixed-price and cost reimbursable basic ordering agreement (BOA) for diminishing manufacturing sources and materia |
| 2026-04-21 | Department of the Army | $18M | FIVE YEAR PLUS THREE ONE YEAR OPTION PERIODS, REQUIREMENT CONTRACT FOR THE ENHANCED HEAVY EQUIPMENT TRANSPORTER SYSTEM (EHETS) MODIFICATION (MOD) KITS. NEW DELIVERY ORDER FOR 311 M |
| 2026-04-15 | Department of the Army | $9M | FAMILY OF HEAVY TACTICAL VEHICLES (FHTV) V 5-YEAR FIXED PRICE WITH EPA REQUIREMENTS CONTRACT WITH CURVE PRICING. THIS IS A DO FOR 9EA M984A4 WRECKER NEW AND 9 EA M984A4 WRECKER NEW |
| 2026-04-10 | Department of the Army | $39M | FAMILY OF TACTICAL VEHICLES (FHTV) V IS A 5 YEAR FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENTS (FPEPA) CONTRACT, SOLE SOURCE REQUIREMENTS CONTRACT WITH ESTABLISHED CURVE PRICING. DO |
| 2026-04-10 | Department of the Army | $6M | LVAD LOG EFFORT |
| 2026-04-10 | Defense Logistics Agency | $5M | ENGINE,DIESEL NSN: 2815-01-562-6787 MFR CAGE: 19207 MFR PART NUMBER: 57K6791 QTY 56 EA |
| 2026-03-31 | Department of the Army | $34M | ORDER OF TRUCKS AND KITS |
| 2026-03-06 | Department of the Army | $42M | FAMILY OF HEAVY TACTICAL VEHICLES (FHTV) V IS A 5-YEAR FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT (FPEPA) REQUIREMENTS CONTRACT WITH CURVE PRICING. DO TO FUND THE PROCUREMENT OF 54 |
| 2026-02-26 | Department of the Army | $7M | WORK DIRECTIVE 0015 ELECTRICALLY CHARGED COAX |
| 2026-02-20 | Department of the Navy | $14M | PROCUREMENT OF LOW RATE INITIAL PRODUCTION OF NAVY MARINE EXPEDITIONARY - SHIP INTERDICTION SYSTEM - CARRIERS |
Oshkosh Corporation — questions
- What did Oshkosh Corporation file recently?
- 10 SEC filings in the last 12 months. Latest: 8-K on 2026-07-28 — Sales $2.92B (+7% y/y); Adjusted diluted EPS $2.87 (-16% y/y); Reported diluted EPS $2.92 (-8% y/y); Guidance: FY2026 adjusted EPS guidance lowered to ~$11.00
Every figure on this page comes from Oshkosh Corporation's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.