Reports Fourth Quarter Sales of $2.62
billion, up 6 Percent
Reports Fourth Quarter Earnings per Share of
$2.33 and Adjusted1 Earnings per Share of $2.58
Reports 2024 Earnings per Share of $10.35
and Adjusted1 Earnings per Share of $11.74
Announces 11 Percent Increase in Quarterly
Cash Dividend to $0.51 Per Share
Initiates 2025 Earnings per Share Guidance
of approximately $10.30 and Adjusted1 Earnings per Share
Guidance of approximately $11.00
Oshkosh Corporation (NYSE: OSK), a leading innovator of
purpose-built vehicles and equipment, today reported 2024 fourth
quarter net income of $153.1 million, or $2.33 per diluted share,
compared to net income of $150.8 million, or $2.28 per diluted
share, for the fourth quarter of 2023. Adjusted1 net income was
$169.3 million, or $2.58 per diluted share, for the fourth quarter
of 2024 compared to $169.4 million, or $2.56 per diluted share, for
the fourth quarter of 2023. Comparisons in this news release are to
the fourth quarter of 2023, unless otherwise noted.
Consolidated sales in the fourth quarter of 2024 increased
$156.6 million, or 6.3 percent, to $2.62 billion primarily due to
higher volumes as well as improved pricing in the Vocational
segment.
Consolidated operating income in the fourth quarter of 2024
increased 3.9 percent to $223.9 million, or 8.5 percent of sales,
compared to $215.4 million, or 8.7 percent of sales, in the fourth
quarter of 2023. The increase in operating income was primarily due
to higher sales volume and favorable price/cost dynamics, offset
partially by the impact of changes in cumulative catch-up
adjustments on contracts in the Defense segment. Adjusted1
operating income in the fourth quarter of 2024 increased 2.3
percent to $245.4 million, or 9.4 percent of sales, compared to
$239.9 million, or 9.7 percent of sales, in the fourth quarter of
2023.
“We delivered another strong quarter as our team grew fourth
quarter adjusted earnings per share to $2.58, leading to full year
2024 adjusted earnings per share of $11.74, an increase of 17.6
percent over the prior year,” said John Pfeifer, president and
chief executive officer of Oshkosh Corporation. “Our impressive
fourth quarter performance was driven in particular by revenue
growth of nearly 20 percent in our Vocational segment. For the full
year, we grew revenue in all three of our segments and delivered
solid double-digit operating income and adjusted operating income
margins in our Access and Vocational segments.
“In 2024, we began producing and delivering our revolutionary
purpose-built Next Generation Delivery Vehicle (NGDV) for the US
Postal Service (USPS). We are pleased with early feedback we have
received from the nation’s postal carriers as they use NGDVs for
daily deliveries. We look forward to ramping up this important
program to full rate production this year. Our NGDV program as well
as excellent visibility with strong backlogs in our Vocational
segment give us confidence that Oshkosh can continue to deliver
strong results.
“Our Access team delivered solid results in the fourth quarter
despite moderating demand. We are confident that long-term drivers,
including infrastructure buildout, mega projects and data center
construction, remain strong for our Access business. We expect
short-term market softness in the first half of 2025 followed by
improved demand in the second half of the year, which we have
factored into our expectations for the Access segment in 2025.
“We expect growth for our Vocational and Defense segments in
2025 and we are confident in our team’s ability to navigate through
softer market conditions in our Access segment to position Oshkosh
Corporation to continue delivering strong results. We are
initiating our adjusted earnings per share expectations for 2025 of
approximately $11.00. We are also announcing a quarterly cash
dividend of $0.51 per share, representing a 10.9 percent increase.
This marks the 11th consecutive year in which we have increased our
dividend by a double digit percentage,” said Pfeifer.
Factors affecting fourth quarter results for the Company’s
business segments included:
Access - Access segment sales for the fourth quarter of
2024 of $1.16 billion were relatively flat with the fourth quarter
of 2023 as sales related to the acquisition of AUSA of $32.5
million were offset by lower international sales volume.
Access segment operating income in the fourth quarter of 2024
decreased 11.9 percent to $142.9 million, or 12.4 percent of sales,
compared to $162.2 million, or 14.1 percent of sales, in the fourth
quarter of 2023. The decrease was primarily due to unfavorable
price/cost dynamics offset in part by favorable product mix.
Adjusted1 operating income in the fourth quarter of 2024 was
$151.6 million, or 13.1 percent of sales, compared to $165.6
million, or 14.4 percent of sales, in the fourth quarter of
2023.
Vocational - Vocational segment sales for the fourth
quarter of 2024 increased $145.3 million, or 19.8 percent, to
$880.6 million due to improved sales volume and improved
pricing.
Vocational segment operating income in the fourth quarter of
2024 increased 149.8 percent to $110.9 million, or 12.6 percent of
sales, compared to $44.4 million, or 6.0 percent of sales, in the
fourth quarter of 2023. The increase was primarily due to improved
price/cost dynamics and higher sales volume.
Adjusted1 operating income in the fourth quarter of 2024 was
$122.9 million, or 14.0 percent of sales, compared to $64.2
million, or 8.7 percent of sales, in the fourth quarter of
2023.
Defense - Defense segment sales for the fourth quarter of
2024 of $559.1 million were relatively flat with the fourth quarter
of 2023 as NGDV production for the USPS was offset by the impact of
changes in cumulative catch-up adjustments on contracts. Defense
experienced unfavorable cumulative catch-up adjustments in the
fourth quarter of 2024 primarily reflecting higher costs to
complete units prior to delivery, whereas it experienced favorable
cumulative catch-up adjustments on contract awards in the fourth
quarter of 2023.
Defense segment operating income and adjusted1 operating income
in the fourth quarter of 2024 decreased 75.8 percent to $15.0
million, or 2.7 percent of sales, compared to $62.1 million, or
11.1 percent of sales, in the fourth quarter of 2023. The decrease
was primarily the result of the impact of changes in cumulative
catch-up adjustments and unfavorable product mix, partially offset
by higher sales volume.
Corporate and other - Net operating costs for corporate
and other in the fourth quarter of 2024 decreased $8.4 million to
$44.9 million primarily due to lower new product development
spending as well as improved Pratt Miller results.
Interest Expense Net of Interest Income - Interest
expense net of interest income in the fourth quarter of 2024
increased $8.3 million to $29.1 million due to higher borrowings on
the Company's revolving credit facility.
Provision for Income Taxes - The Company recorded income
tax expense in the fourth quarter of 2024 of $45.2 million, or 22.7
percent of pre-tax income, compared to $44.2 million, or 22.6
percent of pre-tax income, in the fourth quarter of 2023.
Repurchases of common stock - The Company repurchased
494,069 shares of common stock in the fourth quarter of 2024 for
$50.4 million.
Full-Year Results
The Company reported net sales for 2024 of $10.76 billion and
net income of $681.4 million, or $10.35 per diluted share. This
compares with net sales of $9.66 billion and net income of $598.0
million, or $9.08 per diluted share, in the prior year. The
increase in net income for 2024 was primarily due to improved
price/cost dynamics, higher organic sales volume and favorable mix,
partially offset by higher net interest expense, intangible asset
impairments, the impact of changes in cumulative catch-up
adjustments on contracts in the Defense segment, higher engineering
costs and higher production costs.
Adjusted1 net income for 2024 was $772.7 million, or $11.74 per
diluted share, compared to $657.2 million, or $9.98 per diluted
share, in 2023.
2025 Expectations
The Company announced its 2025 diluted earnings per share
estimate of approximately $10.30 and its adjusted1 earnings per
share estimate of approximately $11.00 on projected net sales of
approximately $10.6 billion.
Dividend Announcement
The Company’s Board of Directors today declared a quarterly cash
dividend of $0.51 per share of Common Stock. The dividend
represents an increase of 11 percent from the previous dividend and
will be payable on March 3, 2025 to shareholders of record as of
February 17, 2025.
Conference Call
The Company will host a conference call at 9:30 a.m. EST this
morning to discuss its fourth quarter and full year 2024 results
and its 2025 outlook. Slides for the call will be available on the
Company’s website beginning at 7:00 a.m. EST this morning. The call
will be simultaneously webcast. To access the webcast, go to
oshkoshcorp.com at least 15 minutes prior to the event and follow
instructions for listening to the webcast. An audio replay of the
call and related question and answer session will be available for
12 months at this website.
Forward-Looking
Statements
This news release contains statements that the Company believes
to be “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact, including, without
limitation, statements regarding the Company’s future financial
position, business strategy, targets, projected sales, costs,
earnings, capital expenditures, debt levels and cash flows, and
plans and objectives of management for future operations, are
forward-looking statements. When used in this news release, words
such as “may,” “will,” “expect,” “intend,” “estimate,”
“anticipate,” “believe,” “should,” “project,” “confident” or “plan”
or the negative thereof or variations thereon or similar
terminology are generally intended to identify forward-looking
statements. These forward-looking statements are not guarantees of
future performance and are subject to risks, uncertainties,
assumptions and other factors, some of which are beyond the
Company’s control, which could cause actual results to differ
materially from those expressed or implied by such forward-looking
statements. These factors include 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 seasons; the Company’s estimates of
access equipment demand which, among other factors, is influenced
by historical customer buying patterns and rental company fleet
replacement strategies; the impact of orders and costs on the U.S.
Postal Service contract; risks that a trade war and related tariffs
could reduce the competitiveness of the Company’s products; the
Company’s ability to increase prices to raise margins or to offset
higher input costs; the Company's ability to accurately predict
future input costs associated with Defense contracts; the Company’s
ability to attract and retain production labor in a timely manner;
the Company's ability to realize the anticipated benefits
associated with the AeroTech acquisition; the strength of the U.S.
dollar and its impact on Company exports, translation of foreign
sales and the cost of purchased materials; the impact of severe
weather, war, natural disasters or pandemics that may affect the
Company, its suppliers or its customers; the Company’s ability to
predict the level and timing of orders for indefinite
delivery/indefinite quantity contracts with the U.S. federal
government; budget uncertainty for the U.S. federal government,
including risks of future budget cuts, the impact of continuing
resolution funding mechanisms and the potential for shutdowns; the
impact of any U.S. Department of Defense solicitation for
competition for future contracts to produce military vehicles;
risks related to the collectability of receivables, particularly
for those businesses with exposure to construction markets; the
cost of any warranty campaigns related to the Company’s products;
risks associated with international operations and sales, including
compliance with the Foreign Corrupt Practices Act; the Company’s
ability to comply with complex laws and regulations applicable to
U.S. government contractors; cybersecurity risks and costs of
defending against, mitigating and responding to data security
threats and breaches impacting the Company; the Company’s ability
to successfully identify, complete and integrate other acquisitions
and to realize the anticipated benefits associated with the same;
and risks related to the Company’s ability to successfully execute
on its strategic road map and meet its long-term financial goals.
Additional information concerning these and other factors is
contained in the Company’s filings with the Securities and Exchange
Commission, including the Form 8-K filed today. All forward-looking
statements speak only as of the date of this news release. The
Company assumes no obligation, and disclaims any obligation, to
update information contained in this news release. Investors should
be aware that the Company may not update such information until the
Company’s next quarterly earnings conference call, if at all.
About Oshkosh
Corporation
At Oshkosh (NYSE: OSK), we make innovative, mission-critical
equipment to help everyday heroes advance communities around the
world. Headquartered in Wisconsin, Oshkosh Corporation employs over
18,000 team members worldwide, all united behind a common purpose:
to make a difference in people’s lives. Oshkosh products can be
found in more than 150 countries under the brands of JLG®, Pierce®,
MAXIMETAL, Oshkosh® S-Series™, McNeilus®, IMT®, Jerr-Dan®,
Frontline™ Communications, Oshkosh® Airport Products, Oshkosh
AeroTech™, Oshkosh® Defense and Pratt Miller. For more information,
visit oshkoshcorp.com.
________________
®, ™ All brand names referred to in this
news release are trademarks of Oshkosh Corporation or its
subsidiary companies.
1 This news release refers to GAAP (U.S.
generally accepted accounting principles) and non-GAAP financial
measures. Oshkosh Corporation believes that the non-GAAP measures
provide investors a useful comparison of the Company’s performance
to prior period results. These non-GAAP measures may not be
comparable to similarly-titled measures disclosed by other
companies. A reconciliation of the Company’s presented non-GAAP
measures to the most directly comparable GAAP measures can be found
under the caption “Non-GAAP Financial Measures” in this news
release.
OSHKOSH CORPORATION
CONDENSED CONSOLIDATED
STATEMENTS OF INCOME
(In millions, except share and
per share amounts; unaudited)
Three Months Ended December
31,
Year Ended December
31,
2024
2023
2024
2023
Net sales
$
2,623.4
$
2,466.8
$
10,755.5
$
9,657.9
Cost of sales
2,176.1
2,012.4
8,786.1
7,977.1
Gross income
447.3
454.4
1,969.4
1,680.8
Operating expenses:
Selling, general and administrative
209.2
224.3
852.4
810.4
Amortization of purchased intangibles
14.2
14.7
54.7
32.8
Intangible asset impairments
—
—
51.6
—
Total operating expenses
223.4
239.0
958.7
843.2
Operating income
223.9
215.4
1,010.7
837.6
Other income (expense):
Interest expense
(31.5
)
(22.3
)
(119.5
)
(68.6
)
Interest income
2.4
1.5
7.6
14.8
Miscellaneous, net
4.1
0.6
4.2
13.8
Income before income taxes and losses of
unconsolidated affiliates
198.9
195.2
903.0
797.6
Provision for income taxes
45.2
44.2
210.0
190.0
Income before losses of unconsolidated
affiliates
153.7
151.0
693.0
607.6
Losses of unconsolidated affiliates
(0.6
)
(0.2
)
(11.6
)
(9.6
)
Net income
$
153.1
$
150.8
$
681.4
$
598.0
Earnings per share:
Basic
$
2.35
$
2.30
$
10.41
$
9.15
Diluted
2.33
2.28
10.35
9.08
Basic weighted-average shares
outstanding
65,248,981
65,439,100
65,458,797
65,382,275
Dilutive equity-based compensation
awards
392,305
578,376
370,667
481,688
Diluted weighted-average shares
outstanding
65,641,286
66,017,476
65,829,464
65,863,963
OSHKOSH CORPORATION
CONDENSED CONSOLIDATED BALANCE
SHEETS
(In millions; unaudited)
December 31,
2024
2023
Assets
Current assets:
Cash and cash equivalents
$
204.9
$
125.4
Receivables, net
1,254.7
1,316.4
Unbilled receivables, net
697.3
771.6
Inventories
2,265.7
2,131.6
Income taxes receivable
51.2
42.2
Other current assets
114.5
93.6
Total current assets
4,588.3
4,480.8
Property, plant and equipment:
Property, plant and equipment
2,394.6
2,162.6
Accumulated depreciation
(1,178.1
)
(1,093.1
)
Property, plant and equipment, net
1,216.5
1,069.5
Goodwill
1,410.1
1,416.4
Purchased intangible assets, net
777.6
830.2
Deferred income taxes
259.0
262.0
Deferred contract costs
842.6
710.7
Other non-current assets
389.8
359.6
Total assets
$
9,483.9
$
9,129.2
Liabilities and Shareholders’
Equity
Current liabilities:
Revolving credit facilities and current
maturities of long-term debt
$
362.3
$
175.0
Accounts payable
1,143.4
1,214.5
Customer advances
648.8
706.9
Payroll-related obligations
246.2
242.5
Income taxes payable
140.1
308.0
Other current liabilities
507.3
442.7
Total current liabilities
3,048.1
3,089.6
Long-term debt, less current
maturities
599.5
597.5
Non-current customer advances
1,154.4
1,190.7
Deferred income taxes
26.9
26.8
Other non-current liabilities
502.9
519.3
Commitments and contingencies
Shareholders’ equity
4,152.1
3,705.3
Total liabilities and shareholders’
equity
$
9,483.9
$
9,129.2
OSHKOSH CORPORATION
CONDENSED CONSOLIDATED
STATEMENTS OF CASH FLOWS
(In millions; unaudited)
Year Ended December
31,
2024
2023
Operating activities:
Net income
$
681.4
$
598.0
Depreciation and amortization
200.1
159.9
Intangible asset impairments
51.6
—
Stock-based incentive compensation
38.1
31.9
Deferred income taxes
(17.9
)
(160.4
)
Other non-cash adjustments
3.2
9.5
Changes in operating assets and
liabilities
(406.4
)
(39.3
)
Net cash provided by operating
activities
550.1
599.6
Investing activities:
Additions to property, plant and
equipment
(281.0
)
(325.3
)
Acquisition of businesses, net of cash
acquired
(121.3
)
(995.8
)
Proceeds from sale of businesses, net of
cash sold
7.0
32.6
Other investing activities
6.5
2.9
Net cash used in investing activities
(388.8
)
(1,285.6
)
Financing activities:
Proceeds from issuance of debt
4,327.4
1,616.5
Repayments of debt
(4,141.7
)
(1,467.0
)
Dividends paid
(120.0
)
(107.2
)
Repurchases of Common Stock
(116.0
)
(22.5
)
Other financing activities
(24.8
)
(16.4
)
Net cash provided by (used in) financing
activities
(75.1
)
3.4
Effect of exchange rate changes on cash
and cash equivalents
(6.7
)
2.1
Increase (decrease) in cash and cash
equivalents
79.5
(680.5
)
Cash and cash equivalents at beginning of
period
125.4
805.9
Cash and cash equivalents at end of
period
$
204.9
$
125.4
OSHKOSH CORPORATION
SEGMENT INFORMATION
(In millions; unaudited)
Three Months Ended December
31,
Year Ended December
31,
2024
2023
2024
2023
Net Sales
Access
Aerial work platforms
$
545.6
$
540.4
$
2,443.9
$
2,461.6
Telehandlers
322.0
354.2
1,569.0
1,480.2
Other
289.4
255.7
1,151.8
1,048.2
Total Access
1,157.0
1,150.3
5,164.7
4,990.0
Vocational
Municipal fire apparatus
334.2
277.6
1,290.4
1,102.1
Airport products
234.4
201.1
862.6
376.7
Refuse and recycling vehicles
193.9
141.7
686.2
590.7
Other
118.1
114.9
471.1
508.6
Total Vocational
880.6
735.3
3,310.3
2,578.1
Defense
Defense(a)
524.1
560.5
2,076.8
2,001.4
Delivery vehicles
35.0
—
103.7
—
Total Defense
559.1
560.5
2,180.5
2,001.4
Corporate and other(a)
26.7
20.7
100.0
88.4
Consolidated
$
2,623.4
$
2,466.8
$
10,755.5
$
9,657.9
Three Months Ended December
31,
Year Ended December
31,
2024
2023
2024
2023
Operating Income (Loss)
Access
$
142.9
$
162.2
$
805.4
$
738.8
Vocational
110.9
44.4
397.1
185.5
Defense(a)
15.0
62.1
51.4
87.7
Corporate and other(a)
(44.9
)
(53.3
)
(243.2
)
(174.4
)
Consolidated
$
223.9
$
215.4
$
1,010.7
$
837.6
December 31,
2024
2023
Period-end backlog:
Access
$
1,832.2
$
4,527.7
Vocational
6,318.1
5,464.2
Defense(a)
6,040.7
6,710.7
Corporate and other(a)
62.0
51.8
Consolidated
$
14,253.0
$
16,754.4
(a)
In July 2024, the Company moved the
reporting responsibility for Pratt Miller from its Defense segment
to the Chief Technology and Strategic Sourcing Officer to better
utilize Pratt Miller’s expertise across the entire Oshkosh
Corporation enterprise. Pratt Miller results are now reported
within "Corporate and other" and historical information has been
recast to reflect the change.
Non-GAAP Financial
Measures
The Company reports its financial results in accordance with
generally accepted accounting principles in the United States of
America (GAAP). The Company is presenting various operating results
both on a GAAP basis and on a basis excluding items that affect
comparability of results. When the Company excludes certain items
as described below, they are considered non-GAAP financial
measures. The Company believes excluding the impact of these items
is useful to investors in comparing the Company’s performance to
prior period results. However, while adjusted operating income,
adjusted net income and adjusted earnings per share exclude
amortization of purchased intangibles, intangible asset impairments
and amortization of inventory step-up, revenue and earnings of
acquired companies are reflected in adjusted operating income,
adjusted net income and adjusted earnings per share and intangible
assets contribute to the generation of revenue and earnings.
Non-GAAP financial measures should be viewed in addition to, and
not as an alternative for, the Company’s results prepared in
accordance with GAAP. The table below presents a reconciliation of
the Company’s presented non-GAAP measures to the most directly
comparable GAAP measures (in millions, except per share
amounts):
Three Months Ended December
31,
Year Ended December
31,
2024
2023
2024
2023
Access segment operating income (GAAP)
$
142.9
$
162.2
$
805.4
$
738.8
Amortization of purchased intangibles
5.4
3.4
12.6
8.6
Amortization of inventory step-up
3.3
—
4.2
—
Adjusted Access segment operating income
(non-GAAP)
$
151.6
$
165.6
$
822.2
$
747.4
Vocational segment operating income
(GAAP)
$
110.9
$
44.4
$
397.1
$
185.5
Amortization of purchased intangibles
12.0
18.9
48.0
27.7
Acquisition costs
—
—
—
12.9
Loss on sale of a business
—
—
—
13.3
Amortization of inventory step-up
—
0.9
—
7.1
Restructuring costs
—
—
—
3.0
Adjusted Vocational segment operating
income (non-GAAP)
$
122.9
$
64.2
$
445.1
$
249.5
Defense segment operating income
(GAAP)
$
15.0
$
62.1
$
51.4
$
87.7
Gain on sale of a business
—
—
—
(8.0
)
Restructuring costs
—
—
—
0.8
Adjusted Defense segment operating income
(non-GAAP)
$
15.0
$
62.1
$
51.4
$
80.5
Corporate and other operating loss
(GAAP)
$
(44.9
)
$
(53.3
)
$
(243.2
)
$
(174.4
)
Amortization of purchased intangibles
0.8
1.3
4.3
5.4
Intangible asset impairments
—
—
51.6
—
Restructuring costs
—
—
—
0.6
Adjusted corporate and other operating
loss (non-GAAP)
$
(44.1
)
$
(52.0
)
$
(187.3
)
$
(168.4
)
Consolidated operating income (GAAP)
$
223.9
$
215.4
$
1,010.7
$
837.6
Amortization of purchased intangibles
18.2
23.6
64.9
41.7
Amortization of inventory step-up
3.3
0.9
4.2
7.1
Intangible asset impairments
—
—
51.6
—
Acquisition costs
—
—
—
12.9
(Gain)/loss on sale of businesses, net
—
—
—
5.3
Restructuring costs
—
—
—
4.4
Adjusted consolidated operating income
(non-GAAP)
$
245.4
$
239.9
$
1,131.4
$
909.0
Three Months Ended December
31,
Year Ended December
31,
2024
2023
2024
2023
Miscellaneous, net (GAAP)
$
4.1
$
0.6
$
4.2
$
13.8
Pension advisor settlement
—
—
—
(4.7
)
Adjusted miscellaneous, net (non-GAAP)
$
4.1
$
0.6
$
4.2
$
9.1
Provision for income taxes (GAAP)
$
45.2
$
44.2
$
210.0
$
190.0
Income tax effects of adjustments
5.3
5.9
29.4
15.3
Adjusted provision for income taxes
(non-GAAP)
$
50.5
$
50.1
$
239.4
$
205.3
Net income (GAAP)
$
153.1
$
150.8
$
681.4
$
598.0
Amortization of purchased intangibles
18.2
23.6
64.9
41.7
Intangible asset impairments
—
—
51.6
—
Amortization of inventory step-up
3.3
0.9
4.2
7.1
Acquisition costs
—
—
—
12.9
(Gain)/loss on sale of businesses, net
—
—
—
5.3
Restructuring costs
—
—
—
4.4
Pension advisor settlement
—
—
—
(4.7
)
Income tax effects of adjustments
(5.3
)
(5.9
)
(29.4
)
(15.3
)
Loss on sale of equity method
investment
—
—
—
7.8
Adjusted net income (non-GAAP)
$
169.3
$
169.4
$
772.7
$
657.2
Earnings per share-diluted (GAAP)
$
2.33
$
2.28
$
10.35
$
9.08
Amortization of purchased intangibles
0.28
0.36
0.99
0.63
Intangible asset impairments
—
—
0.78
—
Amortization of inventory step-up
0.05
0.01
0.06
0.11
Acquisition costs
—
—
—
0.19
(Gain)/loss on sale of businesses, net
—
—
—
0.08
Restructuring costs
—
—
—
0.07
Pension advisor settlement
—
—
—
(0.07
)
Income tax effects of adjustments
(0.08
)
(0.09
)
(0.44
)
(0.23
)
Loss on sale of equity method
investment
—
—
—
0.12
Adjusted earnings per share-diluted
(non-GAAP)
$
2.58
$
2.56
$
11.74
$
9.98
2025 Expectations
Earnings per share-diluted (GAAP)
$
10.30
Amortization of purchased intangibles, net
of tax
0.70
Adjusted earnings per share-diluted
(non-GAAP)
$
11.00
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250129547598/en/
For more information, contact: Financial: Patrick Davidson
Senior Vice President, Investor Relations 920.502.3266 Media: Bryan
Brandt Senior Vice President, Chief Marketing Officer
920.502.3670
Oshkosh (NYSE:OSK)
Historical Stock Chart
From Dec 2024 to Jan 2025
Oshkosh (NYSE:OSK)
Historical Stock Chart
From Jan 2024 to Jan 2025
