Q4 24 EPS
$2.58
BEAT +18.21%
Est. $2.18
Q4 24 Revenue
$2.62B
BEAT +8.47%
Est. $2.42B
vs S&P Since Q4 24
+4.6%
BEATING MARKET
OSK +28.3% vs S&P +23.8%
Full Year 2024 Results
FY 24 EPS
$11.74
BEAT +3.61%
Est. $11.33
FY 24 Revenue
$10.76B
BEAT +1.99%
Est. $10.55B
Market Reaction
Did OSK Beat Earnings? Q4 2024 Results
Oshkosh Corporation closed out fiscal 2024 on a strong note, posting Q4 earnings per share of $2.58 against a consensus estimate of $2.18, an 18.35% beat, while revenue of $2.62 billion cleared Wall Street's $2.41 billion forecast by 8.70% and advanc… Read more Oshkosh Corporation closed out fiscal 2024 on a strong note, posting Q4 earnings per share of $2.58 against a consensus estimate of $2.18, an 18.35% beat, while revenue of $2.62 billion cleared Wall Street's $2.41 billion forecast by 8.70% and advanced 6.3% year-over-year. The headline driver was a dramatic turnaround in the Vocational segment, where operating income surged 149.8% to $110.90 million as favorable pricing, higher volumes across municipal fire apparatus, airport products, and refuse vehicles lifted margins to 12.6% from just 6.0% a year earlier. The Defense segment, meanwhile, added a new revenue layer as Oshkosh commenced production of Next Generation Delivery Vehicles for the U.S. Postal Service, a program that contributed $35.00 million in the quarter with a full-rate production ramp targeted for 2025. A recent $214.80 million U.S. Army order for tactical vehicles underscores the segment's continued role in military modernization. Looking ahead, management guided fiscal 2025 adjusted EPS to approximately $11.00 on net sales of roughly $10.60 billion, with Access segment softness expected to ease in the second half as infrastructure and data center demand recovers.
Key Takeaways
- • Vocational segment revenue growth of nearly 20% driven by improved pricing and volume
- • Favorable price/cost dynamics across the enterprise
- • AUSA acquisition contributing $32.5 million in Access segment sales
- • NGDV production commencement adding $35 million in Defense delivery vehicle revenue
- • Lower corporate new product development spending
OSK YoY Financials
Q4 2024 vs Q4 2023, source: SEC Filings
OSK Revenue by Segment
With YoY comparisons, source: SEC Filings
“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. 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.”
— John Pfeifer, Q4 2024 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% |