Q2 25 EPS
$3.41
BEAT +15.70%
Est. $2.95
Q2 25 Revenue
$2.73B
BEAT +2.65%
Est. $2.66B
vs S&P Since Q2 25
-7.3%
TRAILING MARKET
OSK +12.5% vs S&P +19.8%
Market Reaction
Did OSK Beat Earnings? Q2 2025 Results
Oshkosh Corporation posted a convincing fiscal second-quarter 2025 beat, with adjusted EPS of $3.41 clearing the $2.95 consensus estimate by 15.70% and revenue of $2.73 billion topping expectations by 2.65%, even as consolidated sales slipped 4.0% ye… Read more Oshkosh Corporation posted a convincing fiscal second-quarter 2025 beat, with adjusted EPS of $3.41 clearing the $2.95 consensus estimate by 15.70% and revenue of $2.73 billion topping expectations by 2.65%, even as consolidated sales slipped 4.0% year-over-year. The headline driver was a standout performance in the Vocational segment, where sales surged 15.0% to $969.70 million and operating income jumped 38.3%, more than compensating for pressure in the Access segment, which saw revenue fall 10.7% amid the expiration of a Caterpillar-branded telehandler agreement and softer European demand. GAAP operating income climbed 11.8% to $291.70 million, aided by significantly lower intangible asset impairment charges compared to a year ago. Management raised its full-year adjusted EPS guidance to approximately $11.00, citing strong execution and a more limited tariff impact than initially feared, with cost reduction actions expected to absorb remaining headwinds, while the net sales outlook of approximately $10.60 billion held steady, a reassuring signal for equity markets navigating an uncertain macro backdrop.
Key Takeaways
- • Improved price/cost dynamics in Vocational segment
- • Higher Vocational sales volume driven by municipal fire apparatus and airport products
- • Lower intangible asset impairments reducing corporate expenses by $45.9 million year-over-year
- • Improved pricing under recent Family of Heavy Tactical Vehicles contracts
- • NGDV ramp-up partially offsetting JLTV wind-down in Transport segment
- • AUSA acquisition contributing to Access segment sales
OSK YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
OSK Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered a strong second quarter, with adjusted earnings per share of $3.41, up 2.1 percent from the prior year, reflecting disciplined execution and broad-based strength across our portfolio. Our Vocational segment continued to perform well, and our Access segment remained resilient and delivered another impressive quarter, helping to drive solid overall results.”
— John Pfeifer, Q2 2025 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% |