Q4 22 EPS
$1.60
MISS 7.51%
Est. $1.73
Q4 22 Revenue
$2.20B
BEAT +0.95%
Est. $2.18B
vs S&P Since Q4 22
-29.3%
TRAILING MARKET
OSK +52.0% vs S&P +81.3%
Full Year 2022 Results
FY 22 EPS
$3.46
FY 22 Revenue
$8.28B
Market Reaction
Did OSK Beat Earnings? Q4 2022 Results
Oshkosh Corporation wrapped up fiscal 2022 on a mixed note, delivering Q4 revenue of $2.20 billion, up 23.0% year over year and nudging past the $2.18 billion consensus by 0.95%, while adjusted EPS of $1.60 fell short of the $1.73 analyst estimate by… Read more Oshkosh Corporation wrapped up fiscal 2022 on a mixed note, delivering Q4 revenue of $2.20 billion, up 23.0% year over year and nudging past the $2.18 billion consensus by 0.95%, while adjusted EPS of $1.60 fell short of the $1.73 analyst estimate by 7.51%, weighed down by a $33.60 million frozen pension plan settlement charge that pressured reported results. The Access Equipment segment was the clearest bright spot, with sales climbing 28.9% to $1.07 billion and operating income expanding sharply to a 10.8% margin, as pricing actions and stronger volume more than offset $20.00 million in foreign currency headwinds. Looking ahead, management initiated fiscal 2023 guidance calling for net sales of approximately $8.40 billion and EPS of roughly $5.50, underpinned by a record backlog exceeding $14.00 billion, with the newly formed Vocational segment targeted to grow revenues to $3.00 billion at over 12% operating margins. A recent $84.9 million JLTV order for the U.S. Army offered additional confidence in the Defense pipeline heading into the new fiscal year.
Key Takeaways
- • Improved pricing actions across all segments to offset higher input costs
- • Higher sales volume across all segments
- • Access Equipment segment operating margin expanded to 10.8% from 4.6%
- • Fire & Emergency manufacturing bottlenecks eased during Q4
- • Strong refuse collection vehicle demand in Commercial segment
- • Record backlog exceeding $14 billion
OSK YoY Financials
Q4 2022 vs Q4 2021, source: SEC Filings
OSK Revenue by Segment
With YoY comparisons, source: SEC Filings
“Oshkosh Corporation team members delivered a strong close to fiscal 2022 with robust sequential and year over year revenue and operating income growth during the fourth quarter. Strong market fundamentals and elevated demand for our products drove high order rates in the quarter and a record backlog of more than $14 billion. We expect that robust demand will continue to support strong revenue and earnings growth in fiscal 2023 and beyond. While we continued to experience unfavorable supply chain dynamics and inflation impacts, our teams took appropriate actions to minimize and mitigate these challenges.”
— John C. Pfeifer, Q4 2022 Earnings Press Release
OSK Earnings Trends
OSK vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
OSK EPS Trend
Earnings per share: estimate vs actual
OSK Revenue Trend
Quarterly revenue: estimate vs actual
OSK Quarterly Results
10 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $1.04 | $0.85 | -18.25% | $2.32B | +1.11% |
| Q4 25 MISS FY | $2.31 | $2.26 | -2.24% | $2.69B | +3.53% |
| FY Full Year | $10.86 | $10.79 | -0.63% | $10.42B | +0.88% |
| Q3 25 BEAT | $3.10 | $3.20 | +3.32% | $2.69B | -5.06% |
| Q2 25 BEAT | $2.95 | $3.41 | +15.70% | $2.73B | +2.65% |
| Q4 24 BEAT FY | $2.18 | $2.58 | +18.21% | $2.62B | +8.47% |
| FY Full Year | $11.33 | $11.74 | +3.61% | $10.76B | +1.99% |
| Q2 24 BEAT | $2.98 | $3.34 | +12.08% | $2.85B | +3.39% |
| Q1 24 BEAT | $2.25 | $2.89 | +28.44% | $2.54B | +2.41% |
| Q2 23 BEAT | $1.62 | $2.69 | +66.05% | $2.41B | +7.62% |
| Q4 22 MISS FY | $1.73 | $1.60 | -7.51% | $2.20B | +0.95% |
| FY Full Year | — | $3.46 | — | $8.28B | — |
| Q3 22 MISS | $1.23 | $1.00 | -18.70% | $2.07B | -4.47% |