Oshkosh Q4 Earnings Miss Estimates, Revenues Increase Y/Y

Oshkosh Corporation OSK reported fourth-quarter 2025 adjusted earnings of $2.26 per share, which missed the Zacks Consensus Estimate of $2.33. The bottom line was also below $2.58 recorded in the year-ago quarter. Consolidated net sales rose 3.5% year over year to $2.69 billion. The top line also beat the Zacks Consensus Estimate of $2.56 billion.

Oshkosh Corporation Price, Consensus and EPS Surprise

Oshkosh Corporation price-consensus-eps-surprise-chart | Oshkosh Corporation Quote

Segmental Details of OSK

Access: Access segment sales increased 1.3% year over year to $1.17 billion, driven by higher sales volume in North America. The metric also beat the Zacks Consensus Estimate of $981 million.

Operating income decreased 30.5% year over year to $99.3 million, representing 8.5% of sales compared with 12.4% in the prior-year quarter, primarily due to adverse price/cost dynamics, partially offset by higher sales volume. The metric, however, beat the Zacks Consensus Estimate of $64 million.

Vocational: This segment posted sales of $922.4 million, up 4.7% year over year, driven by improved pricing. The metric, however, missed our estimate of $1 billion.

Operating income increased 26.5% to $140.3 million, representing 15.2% of sales compared with 12.6% a year ago. The increase was driven by better price-cost dynamics. The metric, however, missed our estimate of $157 million.

Transport: Transport segment recorded sales of $566.7 million, up 6.2% year over year, benefiting from the ramp-up of the U.S. Postal Service’s Next Generation Delivery Vehicle production, higher international and Heavy Tactical Vehicles sales. This metric also beat our estimate of $532 million.

Operating income surged 52% to $22.8 million, or 4% of sales compared with 2.8% of sales a year earlier, reflecting improved pricing and lower adverse cumulative catchup adjustment. The metric, however, missed our estimate of $29.76 million.

OSK’s Financials

Oshkosh had cash and cash equivalents of $479.8 million as of Dec. 31, 2025, compared with $204.9 million as of Dec. 31, 2024. The company recorded a long-term debt of $1.10 billion, up from $599.5 million as of Dec. 31, 2024.

OSK posted a quarterly cash dividend of 57 cents per share. The dividend will be paid out on March 3, 2026, to its shareholders on record as of Feb. 17, 2026.

OSK Provides 2026 Guidance

The company expects its 2026 adjusted earnings per share to be approximately $11.50. Full-year net sales are projected to be approximately $11 billion.

Oshkosh’s Zacks Rank & Key Picks

OSK carries a Zacks Rank #3 (Hold) at present.

Some better-ranked stocks in the auto space are Ford Motor F, REV Group REVG and PHINIA Inc. PHIN, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for F’s 2025 sales implies year-over-year growth of 0.3%. EPS estimate for 2025 and 2026 has improved 2 cents each in the past seven days.

The Zacks Consensus Estimate for REVG’s fiscal 2026 sales and earnings implies year-over-year growth of 8.1% and 37.8%, respectively. EPS estimate for fiscal 2026 and 2027 has improved 20 cents and 26 cents, respectively, in the past 60 days.

The Zacks Consensus Estimate for PHIN’s 2025 sales and earnings implies year-over-year growth of 1.1% and 33.4%, respectively. The EPS estimate for 2025 has moved north 47 cents in the past 60 days and the same for 2026 has improved 52 cents in the past 30 days.

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This article originally published on Zacks Investment Research (zacks.com).

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