Oshkosh Q2 profit beats on improved pricing

• Oshkosh sees 2026 diluted EPS at about $10.50 and adjusted EPS at about $11.00
• Company raises 2026 net sales outlook to about $11.2 bln, up $200 mln from prior guidance
• Oshkosh expects more gradual improvement in fire truck throughput than previously anticipated

Access segment margins were hurt by adverse sales mix, price/cost dynamics, higher litigation reserves, and increased expenses. The Vocational segment was impacted by lower refuse and recycling vehicle shipments and higher overhead costs.

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
• The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"
• Wall Street's median 12-month price target for Oshkosh Corp is $168.00, about 8.4% above its July 27 closing price of $154.95
• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

• U.S. specialty vehicle maker's Q2 sales rose 6.7%, beating analyst expectations
• Adjusted EPS for Q2 was $2.87, beating analyst expectations
• Company cut full-year adjusted EPS outlook to about $11.00, citing slower fire truck throughput improvement