Latest news with #JohnPfeifer
Business Wire
15-05-2025
- Business
- Business Wire
Oshkosh Corporation to Host Investor Day on June 5, 2025
OSHKOSH, Wis.--(BUSINESS WIRE)--Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, will host an Investor Day in New York City on Thursday, June 5, 2025, at 9:30 a.m. EDT. John Pfeifer, president and CEO, will be joined by Matthew Field, executive vice president and CFO, and other senior leaders of the executive team to provide an in-depth review of Oshkosh Corporation's strategic initiatives, technology highlights, capital allocation priorities and financial growth targets. The event will include formal presentations and a Q&A panel session. The event will be held both in-person and virtually. Due to space limitations, in-person attendance is limited to institutional investors. Advanced registration is required. The event can be viewed live online or as a recording thereafter at oshkosh-2025-investor-day. 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 ®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
Yahoo
14-05-2025
- Business
- Yahoo
OSK Q1 Earnings Call: Tariff Headwinds and Segment Performance Shape Outlook
Specialty vehicles contractor Oshkosh (NYSE:OSK) missed Wall Street's revenue expectations in Q1 CY2025, with sales falling 9.1% year on year to $2.31 billion. Its non-GAAP profit of $1.92 per share was 5.9% below analysts' consensus estimates. Is now the time to buy OSK? Find out in our full research report (it's free). Revenue: $2.31 billion vs analyst estimates of $2.42 billion (9.1% year-on-year decline, 4.5% miss) Adjusted EPS: $1.92 vs analyst expectations of $2.04 (5.9% miss) Adjusted EBITDA: $245.4 million vs analyst estimates of $249.9 million (10.6% margin, 1.8% miss) Operating Margin: 7.6%, down from 10.2% in the same quarter last year Free Cash Flow was -$435.2 million compared to -$455.9 million in the same quarter last year Backlog: $14.55 billion at quarter end, down 11% year on year Market Capitalization: $6.45 billion Oshkosh's first quarter results were influenced by softness in the Access segment and ongoing strength in Vocational, while management highlighted that emerging tariff impacts have become a primary focus. CEO John Pfeifer pointed to resilient operational execution within Vocational and early ramp-up progress for the Next Generation Delivery Vehicle (NGDV) in Defense, while acknowledging Access faced volume headwinds. The company attributed the quarter's margin pressure to higher operating expenses and increased new product development spending, partially offset by improved pricing in Vocational. Looking ahead, management is prioritizing mitigation of newly announced tariffs, which they estimate could have up to a $1 per share impact for the year, mostly in the back half. Pfeifer emphasized, 'We are proactively working to mitigate potential impacts from tariffs,' and CFO Matt Field clarified that most of the burden will fall on the Access segment, with cost actions and supply chain adjustments planned to offset about half of the hit. Management maintained confidence in achieving full-year profit targets, excluding tariff impacts, and expects a stronger second half as Defense ramps NGDV production and Vocational investments continue to pay off. Oshkosh's leadership focused on the interplay between segment-specific performance and external pressures, especially tariffs. Management described how operational changes, supply chain shifts, and product introductions contributed to the quarter's results. Vocational Segment Momentum: The Vocational segment achieved notable year-over-year growth, driven by higher refuse and recycling vehicle sales, robust pricing, and improved manufacturing productivity. Management cited recent investments in production and a new dealer network as key contributors. Access Segment Resilience Amid Headwinds: Despite lower sales in Access, management reported resilient margins due to cost controls and pricing power. The segment continues to benefit from mega projects and infrastructure spending, with a stable backlog and no significant order cancellations observed. Tariffs and Supply Chain Mitigation: Newly announced tariffs are expected to impact primarily the Access segment. Management is implementing targeted mitigation through supply chain adjustments and negotiations, referencing prior success in localizing production in response to European tariffs. Defense Segment Ramp-Up: The Defense segment is progressing toward full-rate NGDV production for the United States Postal Service, with sequential margin improvement expected across the year. Orders from the U.S. Army and international customers, such as the Netherlands, support the longer-term outlook. Product and Technology Innovation: Oshkosh continues to introduce new products, including electric vehicles and integrated telematics solutions, and highlighted customer demand for advanced technologies in both fire and airport equipment. These initiatives are positioned as key differentiators supporting future growth. Management's outlook for the rest of the year centers on tariff mitigation, continued operational efficiency, and execution of key programs, particularly in Defense and Vocational segments. Tariff Impact and Mitigation: The company anticipates that tariffs will create a headwind—especially in Access—but is taking steps to offset about half of the projected impact through cost reductions and supply chain changes. Management acknowledged that most effects will be felt in the second half. NGDV Production Ramp: Oshkosh expects Defense revenue and margins to improve as NGDV production reaches full rate by year-end, which management believes will drive stronger second-half results. Vocational Investments and Backlog: Continued investment in Vocational manufacturing and expansion of the dealer network are expected to support ongoing revenue and margin growth. Management sees a robust backlog and healthy demand, especially in refuse and recycling. Stephen Volkmann (Jefferies): Asked if Oshkosh could fully offset tariff costs with price increases given softer demand; CEO John Pfeifer replied the company aims to minimize customer impact, using pricing as a last resort. Mig Dobre (Baird): Sought specifics on tariff cost exposures by segment; CFO Matt Field confirmed Access is most impacted, with mitigation efforts focused on sourcing and negotiation. Jamie Cook (Truist): Asked about the allocation of tariff costs and margin implications for Access; Field reiterated the majority of direct impact falls on Access, but cost offsets are company-wide. Kyle Menges (Citi): Questioned the drivers behind lower telehandler sales and the potential impact of lost contracts; Pfeifer noted some CAT contract effects but emphasized growing market share and confidence in long-term outlook. Chad Dillard (Bernstein): Probed the timeline and mix of cost versus price actions to mitigate tariffs; management explained that most mitigation will occur in the second half through both cost controls and selective pricing. In the coming quarters, the StockStory team will monitor (1) Oshkosh's effectiveness in offsetting tariff headwinds through supply chain and cost actions, (2) the pace and profitability of NGDV production ramp in the Defense segment, and (3) the durability of Vocational backlog and margin expansion as investments come online. Execution of new product introductions and the ability to maintain customer demand in Access amid external pressures will also be important indicators. Oshkosh currently trades at a forward P/E ratio of 9.3×. At this valuation, is it a buy or sell post earnings? Find out in our free research report. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today.
Yahoo
30-04-2025
- Automotive
- Yahoo
Oshkosh (NYSE:OSK) Misses Q1 Sales Targets
Specialty vehicles contractor Oshkosh (NYSE:OSK) fell short of the market's revenue expectations in Q1 CY2025, with sales falling 9.1% year on year to $2.31 billion. Its non-GAAP profit of $1.92 per share was 5.8% below analysts' consensus estimates. Is now the time to buy Oshkosh? Find out in our full research report. Revenue: $2.31 billion vs analyst estimates of $2.42 billion (9.1% year-on-year decline, 4.5% miss) Adjusted EPS: $1.92 vs analyst expectations of $2.04 (5.8% miss) Adjusted EBITDA: $229 million vs analyst estimates of $249.9 million (9.9% margin, 8.4% miss) Operating Margin: 7.6%, down from 10.2% in the same quarter last year Free Cash Flow was -$435.2 million compared to -$455.9 million in the same quarter last year Backlog: $14.62 billion at quarter end, down 10.6% year on year Market Capitalization: $5.70 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 Generation Delivery Vehicle production. Adjusted earnings per share of $1.92 was in line with our expectations of approximately $2.00 per share,' said John Pfeifer, president and chief executive officer of Oshkosh Corporation. Oshkosh (NYSE:OSK) manufactures specialty vehicles for the defense, fire, emergency, and commercial industry, operating various brand subsidiaries within each industry. Examining a company's long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Unfortunately, Oshkosh's 5.4% annualized revenue growth over the last five years was tepid. This fell short of our benchmark for the industrials sector and is a tough starting point for our analysis. Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Oshkosh's annualized revenue growth of 10.6% over the last two years is above its five-year trend, suggesting its demand recently accelerated. Oshkosh recent performance stands out, especially when considering many similar Heavy Transportation Equipment businesses faced declining sales because of cyclical headwinds. We can better understand the company's revenue dynamics by analyzing its backlog, or the value of its outstanding orders that have not yet been executed or delivered. Oshkosh's backlog reached $14.62 billion in the latest quarter and averaged 4% year-on-year growth over the last two years. Because this number is lower than its revenue growth, we can see the company fulfilled orders at a faster rate than it added new orders to the backlog. This implies Oshkosh was operating efficiently but raises questions about the health of its sales pipeline. This quarter, Oshkosh missed Wall Street's estimates and reported a rather uninspiring 9.1% year-on-year revenue decline, generating $2.31 billion of revenue. Looking ahead, sell-side analysts expect revenue to grow 1.2% over the next 12 months, a deceleration versus the last two years. This projection doesn't excite us and implies its products and services will face some demand challenges. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Operating margin is an important measure of profitability as it shows the portion of revenue left after accounting for all core expenses – everything from the cost of goods sold to advertising and wages. It's also useful for comparing profitability across companies with different levels of debt and tax rates because it excludes interest and taxes. Oshkosh was profitable over the last five years but held back by its large cost base. Its average operating margin of 7.4% was weak for an industrials business. This result isn't too surprising given its low gross margin as a starting point. On the plus side, Oshkosh's operating margin rose by 1.7 percentage points over the last five years, as its sales growth gave it operating leverage. This quarter, Oshkosh generated an operating profit margin of 7.6%, down 2.6 percentage points year on year. Since Oshkosh's operating margin decreased more than its gross margin, we can assume it was less efficient because expenses such as marketing, R&D, and administrative overhead increased. We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. Oshkosh's EPS grew at a decent 8.2% compounded annual growth rate over the last five years, higher than its 5.4% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded. Diving into the nuances of Oshkosh's earnings can give us a better understanding of its performance. As we mentioned earlier, Oshkosh's operating margin declined this quarter but expanded by 1.7 percentage points over the last five years. Its share count also shrank by 5.5%, and these factors together are positive signs for shareholders because improving profitability and share buybacks turbocharge EPS growth relative to revenue growth. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. For Oshkosh, its two-year annual EPS growth of 48.7% was higher than its five-year trend. This acceleration made it one of the faster-growing industrials companies in recent history. In Q1, Oshkosh reported EPS at $1.92, down from $2.89 in the same quarter last year. This print missed analysts' estimates, but we care more about long-term EPS growth than short-term movements. Over the next 12 months, Wall Street expects Oshkosh's full-year EPS of $10.77 to stay about the same. We were impressed by how significantly Oshkosh blew past analysts' backlog expectations this quarter. On the other hand, its revenue missed significantly and its EBITDA fell short of Wall Street's estimates. Overall, this quarter could have been better. The stock traded down 2.6% to $86 immediately after reporting. The latest quarter from Oshkosh's wasn't that good. One earnings report doesn't define a company's quality, though, so let's explore whether the stock is a buy at the current price. What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
Yahoo
06-02-2025
- Automotive
- Yahoo
Oshkosh Corporation to Participate in Citi's Global Industrial Tech and Mobility Conference
OSHKOSH, Wis., February 06, 2025--(BUSINESS WIRE)--Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, will participate in a fireside chat at Citi's 2025 Global Industrial Tech and Mobility Conference. Presenting on behalf of Oshkosh will be president and CEO, John Pfeifer and executive vice president and CFO, Matthew Field. The event is scheduled to start at 1:00 p.m. EST on February 19, 2025. A live webcast of the presentation can be accessed via the company's website at A replay of the webcast will be available via the same website link approximately 2 hours following the conclusion of the event. 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 ®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies. View source version on Contacts Financial:Patrick DavidsonSenior Vice President, Investor Relations920.502.3266 Media:Tim GilmanSenior Manager, Communications and Branding920.509.0617 Sign in to access your portfolio
Yahoo
30-01-2025
- Automotive
- Yahoo
Oshkosh (NYSE:OSK) Reports Strong Q4, Stock Soars
Specialty vehicles contractor Oshkosh (NYSE:OSK) reported revenue ahead of Wall Street's expectations in Q4 CY2024, with sales up 6.3% year on year to $2.62 billion. The company's full-year revenue guidance of $10.6 billion at the midpoint came in 3.4% above analysts' estimates. Its non-GAAP profit of $2.58 per share was 18.2% above analysts' consensus estimates. Is now the time to buy Oshkosh? Find out in our full research report. Revenue: $2.62 billion vs analyst estimates of $2.42 billion (6.3% year-on-year growth, 8.6% beat) Adjusted EPS: $2.58 vs analyst estimates of $2.18 (18.2% beat) Adjusted EBITDA: $277.6 million vs analyst estimates of $271.4 million (10.6% margin, 2.3% beat) Management's revenue guidance for the upcoming financial year 2025 is $10.6 billion at the midpoint, beating analyst estimates by 3.4% and implying -1.4% growth (vs 11.4% in FY2024) Adjusted EPS guidance for the upcoming financial year 2025 is $11 at the midpoint, beating analyst estimates by 4% Operating Margin: 8.5%, in line with the same quarter last year Free Cash Flow Margin: 26.8%, up from 15.5% in the same quarter last year Backlog: $14.25 billion at quarter end, down 14.9% year on year Market Capitalization: $6.22 billion '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. Oshkosh (NYSE:OSK) manufactures specialty vehicles for the defense, fire, emergency, and commercial industry, operating various brand subsidiaries within each industry. Heavy transportation equipment companies are investing in automated vehicles that increase efficiencies and connected machinery that collects actionable data. Some are also developing electric vehicles and mobility solutions to address customers' concerns about carbon emissions, creating new sales opportunities. Additionally, they are increasingly offering automated equipment that increases efficiencies and connected machinery that collects actionable data. On the other hand, heavy transportation equipment companies are at the whim of economic cycles. Interest rates, for example, can greatly impact the construction and transport volumes that drive demand for these companies' offerings. A company's long-term sales performance signals its overall quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Over the last five years, Oshkosh grew its sales at a tepid 5.4% compounded annual growth rate. This fell short of our benchmark for the industrials sector and is a tough starting point for our analysis. We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. Oshkosh's annualized revenue growth of 14% over the last two years is above its five-year trend, suggesting its demand recently accelerated. We can better understand the company's revenue dynamics by analyzing its backlog, or the value of its outstanding orders that have not yet been executed or delivered. Oshkosh's backlog reached $14.25 billion in the latest quarter and averaged 7.5% year-on-year growth over the last two years. Because this number is lower than its revenue growth, we can see the company fulfilled orders at a faster rate than it added new orders to the backlog. This implies Oshkosh was operating efficiently but raises questions about the health of its sales pipeline. This quarter, Oshkosh reported year-on-year revenue growth of 6.3%, and its $2.62 billion of revenue exceeded Wall Street's estimates by 8.6%. Looking ahead, sell-side analysts expect revenue to decline by 4.3% over the next 12 months, a deceleration versus the last two years. This projection doesn't excite us and suggests its products and services will see some demand headwinds. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Operating margin is a key measure of profitability. Think of it as net income - the bottom line - excluding the impact of taxes and interest on debt, which are less connected to business fundamentals. Oshkosh was profitable over the last five years but held back by its large cost base. Its average operating margin of 7.4% was weak for an industrials business. This result isn't too surprising given its low gross margin as a starting point. On the plus side, Oshkosh's operating margin rose by 2.3 percentage points over the last five years. In Q4, Oshkosh generated an operating profit margin of 8.5%, in line with the same quarter last year. This indicates the company's cost structure has recently been stable. Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Oshkosh's EPS grew at a decent 8.5% compounded annual growth rate over the last five years, higher than its 5.4% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded. Diving into Oshkosh's quality of earnings can give us a better understanding of its performance. As we mentioned earlier, Oshkosh's operating margin was flat this quarter but expanded by 2.3 percentage points over the last five years. On top of that, its share count shrank by 4.8%. These are positive signs for shareholders because improving profitability and share buybacks turbocharge EPS growth relative to revenue growth. Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business. For Oshkosh, its two-year annual EPS growth of 83% was higher than its five-year trend. This acceleration made it one of the faster-growing industrials companies in recent history. In Q4, Oshkosh reported EPS at $2.58, up from $2.57 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects Oshkosh's full-year EPS of $11.74 to shrink by 9.7%. We were impressed by how significantly Oshkosh blew past analysts' revenue and EPS expectations this quarter. We were also glad it raised its full-year revenue and EPS guidance. Zooming out, we think this was a solid quarter. The stock traded up 7.6% to $103.01 immediately after reporting. Oshkosh had an encouraging quarter, but one earnings result doesn't necessarily make the stock a buy. Let's see if this is a good investment. When making that decision, it's important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
