Oshkosh reported adjusted earnings per share of $0.85 for the first quarter, falling short of the $1.04 analyst consensus. The results also included revenues that failed to meet analyst forecasts, reflecting softer demand across end markets.

The $0.85 EPS represented a 56% decline from the $1.92 earned in the same period last year, underscoring margin pressure from higher input costs and pricing challenges. Management pointed to continued inflationary headwinds and order timing as factors in the profit contraction.