Oshkosh Q3 Adjusted Earnings Fall, Net Sales Rise; Lowers 2024 Outlook

MT Newswires Live10-30

Oshkosh Corp (OSK) reported Q3 adjusted earnings Thursday of $2.93 per diluted share, down from $3.04 a year earlier.

Analysts polled by Capital IQ expected $2.91.

Net sales for the quarter ended Sept. 30 were $2.74 billion, up from $2.51 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.67 billion.

Looking ahead, the company said it now expects 2024 adjusted EPS to be about $11.35, down from $11.75 previously. Analysts polled by Capital IQ expect $11.42.

Net sales for 2024 are now expected to be around $10.6 billion, compared with $10.7 billion previously. Analysts surveyed by Capital IQ expect $10.52 billion.

The company maintained its quarterly dividend at $0.46 a share, payable Nov. 29 to shareholders of record as of Nov. 15.

Oshkosh shares were down nearly 1% in recent premarket activity.

Price: 106.90, Change: -0.93, Percent Change: -0.86

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