Latest news with #Oshkosh
Yahoo
12 hours ago
- Automotive
- Yahoo
Why Is Oshkosh (OSK) Up 15.8% Since Last Earnings Report?
It has been about a month since the last earnings report for Oshkosh (OSK). Shares have added about 15.8% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Oshkosh due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. It turns out, estimates review have trended downward during the past month. At this time, Oshkosh has a poor Growth Score of F, however its Momentum Score is doing a bit better with a D. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy. Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Oshkosh has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months. Oshkosh belongs to the Zacks Automotive - Original Equipment industry. Another stock from the same industry, Gentex (GNTX), has gained 0.6% over the past month. More than a month has passed since the company reported results for the quarter ended March 2025. Gentex reported revenues of $576.77 million in the last reported quarter, representing a year-over-year change of -2.3%. EPS of $0.43 for the same period compares with $0.47 a year ago. For the current quarter, Gentex is expected to post earnings of $0.41 per share, indicating a change of +10.8% from the year-ago quarter. The Zacks Consensus Estimate has changed -2.4% over the last 30 days. Gentex has a Zacks Rank #5 (Strong Sell) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of A. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Oshkosh Corporation (OSK) : Free Stock Analysis Report Gentex Corporation (GNTX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
New York Times
23-05-2025
- Sport
- New York Times
Pacers built up — and around — Tyrese Haliburton, and Knicks can vouch that it's worked
NEW YORK — The ball pounds off the pavement, a true bounce if you've avoided the crack in the driveway. Dribble left. Dribble right. Step back. Three … two … one … (buzzer sound). Who grew up playing basketball and didn't run through that same scenario, at home or the local playground, over and over again, with a make-believe championship riding on whether the shot went in? Advertisement Tyrese Haliburton, like every other basketball player on Earth, used to run through the same drill as a child growing up in Oshkosh, Wisc. The Indiana Pacers star said he used to pretend a game was on the line in the hallway of his childhood house — he'd dribble a pretend ball or maybe a sock, with time running down and a 'game' on the line. Haliburton's practicing such shots is paying off. He has two game winners so far in the 2025 NBA playoffs and an improbable, one for the ages, game-tying shot at the end of regulation in Game 1 of the Eastern Conference finals against the New York Knicks on Wednesday. But Haliburton's most valuable clutch practice wasn't at his house. It was in just about every NBA arena he visited in his first two seasons with Indiana when the team stunk — and the Pacers gave him the chance to shoot late shots in the hope that one day the real-world experience would pay off. 'To be honest with you, when I got traded here, we weren't very good,' Haliburton said after his 31-point, 11-assist, Reggie-Miller-choke-hold performance in the Pacers' 138-135 win in Game 1 over the Knicks. 'And so we would be in these moments where I would have to take a few shots, and I would miss them, and nobody would care,' Haliburton said. 'Well, maybe Pacers fans would — but we weren't very good, so it didn't matter. We weren't a playoff team or anything. So I feel like (it was) baptism by fire, almost, to do that, and then now we're in these situations where obviously they matter on a bigger scale, I think is important to me.' The Pacers shifted the direction of their franchise at the 2022 trade deadline when they sent All-Star center Domantas Sabonis and others to the Sacramento Kings for a package that centered around Haliburton. Indiana is now in the Eastern Conference finals for the second consecutive year, and hold a 1-0 lead over the Knicks, because the Pacers both built Haliburton up and also built around him with complementary players who could execute a style that is best suited for Haliburton's skill set. The results are obvious and astounding. Advertisement In the aftermath of the Pacers' stunning comeback against the Knicks in which Indiana trailed by 17 points in the fourth quarter and sent it to overtime on Haliburton's stepback 2-pointer at the buzzer (he was trying to shoot a 3 but his big toe was barely on the 3-point line) that hit the back of the rim, soared into the sky, and fell softly through the hoop, the analytics web site Opta Analyst published a study that suggested Haliburton was one of the best clutch players in the NBA this century. The study showed that Haliburton's .564 effective field goal percentage in 184 'clutch' games — the score is within six points in the last five minutes of regulation or overtime — is the eighth-best in the last 25 years, but No. 1 among All-Stars. The site also said Haliburton's nearly four-to-one assist-to-turnover ratio in the clutch is easily the best among any All-Star. The day the Pacers traded for Haliburton, they were in 13th place in the East at 19-37, and in his first full season the following year Indiana finished 35-47 and in 11th place. For that first full season with the Pacers in 2022-23, Haliburton appeared in 35 'clutch' games and shot 40 percent from the field (31 percent from 3-point range). He averaged nearly one assist to 0.1 turnovers in those situations, and the Pacers won 20 of the games. So he might have missed his fair share of clutch shots, but even then, he was making enough to have an impact on winning. What Haliburton has done in the Pacers' playoff run so far is reminiscent of a LeBron James-heyday performance in the clutch. Haliburton won Game 5 of the Pacers' first-round series against the Milwaukee Bucks on a drive to the hoop, and Game 2 in the conference semis against the Cleveland Cavaliers on a stepback 3-pointer. Against the Knicks, the ball was in Haliburton's hands with about seven seconds remaining and the Pacers trailing by two. Haliburton dribbled past the 3-point line and tried to step back behind it for a game-winning shot, but his toe didn't quite clear the line. He didn't know that at the time, and so when his shot bounded toward the heavens before falling through the hoop, he hit the Miller choke celebration from past Pacers-Knicks playoff series, thinking he'd won the game. The shot and the pose are what people talked about all day on Thursday, but the reality is Haliburton has been very good in these situations for virtually his entire five-year career. Advertisement 'I think that the biggest thing for me is I already have the confidence to take the shot in the moment,' Haliburton said. 'I have that confidence from my group. My group helps me to take those shots, my coaches, staff helps me take those shots. I think our organization wants me to take the shots. I think now we're at the point where my fans help me take that shot. I think everybody's living and dying with it at that point. That gives me a lot of confidence.' 'He's our maestro,' Pacers star forward Pascal Siakam said. 'He has the ball, he is putting us in position, and at those times he wants the ball in his hands and we want the ball in his hands.' Haliburton is one of the fastest players in the NBA and is a perennial assists leader (or close to it). So, stylistically, it would make sense for the Pacers to surround him with similarly fast players who can catch his passes off of drives and shoot 3s — which is precisely the roster Indiana has at present. But on Wednesday, Pacers coach Rick Carlisle advanced the idea of building around Haliburton further when he said achieving that goal was how the Pacers wound up with a team capable of pressing its opponent for most of the game on defense, a factor in all the Pacers' huge comebacks this postseason. 'As we've put this group together around Tyrese, we've had to make adjustments to develop a style that was effective for us,' Carlisle said. 'It's a difficult style, you know, it's demanding, physically demanding, takes a tremendous amount of wherewithal as an athlete and then you got to be super unselfish.' Andrew Nembhard, the guard playing next to Haliburton, is usually the point man on the Pacers' full-court press. Aaron Nesmith, who like Nembhard is a rugged wing defender, shot and made six consecutive 3s in the fourth quarter on Wednesday (an NBA playoff record). When the Pacers traded for Siakam last season, he was viewed as the perfect yang to Haliburton's yin, as an athletic four who can push the pace offensively. The Pacers use these weapons — and then some — to stage their comebacks, and then they have, statistically, one of the NBA's most ruthless closers to finish the game with a big shot. That's how they built around Haliburton — for the very situations in which the Pacers are now thriving. Advertisement 'We're a team that's very reliant on one another,' Carlisle said. 'Our style is a style where the sum of the parts is greater than the individuals.' But then he mentioned the Pacers have 'great individual players,' too, and he surely counted Haliburton chief among them. Who else would he have take the last shot? (Photo 0f Tyrese Haliburton: Jesse D. Garrabrant / NBAE via Getty Images)
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.
Reuters
13-05-2025
- Business
- Reuters
As fire truck prices hit $2 million, US firefighters demand an antitrust probe
May 13 (Reuters) - The largest firefighters' labor union in the U.S. is demanding antitrust authorities investigate the companies that make fire trucks, saying industry consolidation has led to skyrocketing costs and years-long wait times, endangering fire fighters and the public. The U.S. Department of Justice and Federal Trade Commission should probe the fire and emergency vehicle industry, where three companies — REV Group (REVG.N), opens new tab, Oshkosh (OSK.N), opens new tab, and Rosenbauer ( opens new tab — together make up around two-thirds of the market, the International Association of Fire Fighters said in a letter, opens new tab. Truck prices have doubled in the past decade, with ladder trucks now costing as much as $2 million each, while fire departments are facing backlogs as long as four years, said IAFF, which represents fire and emergency workers in the U.S. and Canada, and American Economic Liberties Project, an antimonopoly group. "It's really a critical hazard in public safety," IAFF President Edward Kelly told Reuters. Oshkosh spokesperson Lisa Barwick said the company is investing in manufacturing capacity, technology, and process improvements to meet demand. "Global supply challenges, unprecedented demand, and significant inflation since the pandemic started in 2020 have resulted in extended delivery times and increased prices," she said. A REV Group spokesperson also cited demand, labor shortages and cost increases as driving price increases and delays. "In response, we have increased production of our fire and emergency vehicles by nearly 30% in the last two years, introduced new lines of semi-custom trucks with faster ship times, and continued to invest in training programs for skilled talent," the spokesperson said. Rosenbauer did not immediately respond to a request for comment. IAFF and AELP said high prices and long waits are endangering public safety in communities facing natural disasters, citing reports that dozens of fire trucks were out of commission during the wildfires that devastated two Los Angeles communities and killed at least 29 people earlier this year. From Atlanta, to Houston, to San Francisco, cities and towns are facing a crisis where demand for new fire trucks outstrips availability and funding, Kelly said. On top of long wait times, fire departments are being pushed into contracts with "floating" pricing structures, where the final price of a truck may go up after an order is placed. "We are paying the price for all these corporate decisions. It serves the investor well, but it doesn't serve the public when you call 911 and the ladder truck is out of service," Kelly said. The DOJ or FTC should use their authority to investigate the industry, and the FTC should launch a study of how consolidation is affecting fire departments' access to a broader range of parts and services, they said. Fire departments are seeing the effects of consolidation on everything from dispatch software to personal protective equipment and vehicle parts, Kelly said.
