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OSHKOSH, Wis. - Oshkosh Corporation (NYSE:OSK) reported first quarter earnings and revenue that fell short of analyst expectations on Wednesday.
The company’s shares were down -0.85% in premarket trading following the release.
The specialty vehicle manufacturer posted adjusted earnings per share of $1.92, missing the consensus estimate of $2.06. Revenue came in at $2.31 billion, below analyst projections of $2.42 billion and down 9.1% YoY from $2.54 billion.
"We are pleased with our start to 2025, led by strong performance in our Vocational segment, double-digit margins in our Access segment and solid progress on the ramp-up of Next (LON:NXT) Generation Delivery Vehicle production," said John Pfeifer, president and CEO of Oshkosh Corporation.
The company’s Access segment saw sales decline 22.7% YoY to $957.1 million, primarily due to reduced sales volume in North America. However, the Vocational segment posted a 12.2% YoY increase in sales to $866.8 million on improved refuse and recycling collection vehicle volume.
Oshkosh maintained its full-year adjusted EPS guidance of approximately $11.00, excluding potential headwinds from recently announced tariffs. The company estimates tariffs could impact 2025 EPS by around $1.00 per share, which it aims to partially offset through cost reduction actions.
"We believe in the underlying trajectory of our operational performance across our company," Pfeifer added, noting solid demand for Oshkosh products across its served industries.
The company declared a quarterly cash dividend of $0.51 per share, payable on May 30, 2025 to shareholders of record as of May 16, 2025.
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