Oshkosh Corporation OSK reported fourth-quarter 2024 adjusted earnings of $2.58 per share, beating the Zacks Consensus Estimate of $2.18. The bottom line also rose from $2.56 recorded in the year-ago period. Consolidated net sales climbed 6.3% year over year to $2.62 billion. The top line also surpassed the Zacks Consensus Estimate of $2.42 billion.

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Oshkosh Corporation Price, Consensus and EPS Surprise

Oshkosh Corporation price-consensus-eps-surprise-chart | Oshkosh Corporation Quote

Segmental Details of OSK

Access: The segment’s net sales remained flat year over year at $1.16 billion as lower international sales volume offset sales related to the acquisition of AUSA. The metric surpassed the Zacks Consensus Estimate of $1.09 billion.

Operating income fell 11.9% to $142.9 million (accounting for 12.4% of sales), due to unfavorable price/cost dynamics. The metric, however, surpassed the Zacks Consensus Estimate of $141 million.

Defense: The segment’s net revenues remained relatively flat year over year at $559.1 million as the impact of changes in cumulative catch-up adjustments on contracts offset NGDV production. The metric, however, surpassed the Zacks Consensus Estimate of $448 million.

The segment reported an operating income of $15 million, which fell 75.8% year over year due to cumulative catch-up adjustments and unfavorable product mix. However, the figure surpassed the Zacks Consensus Estimate of $11.16 million.

Vocational: The segment’s net sales rose 19.8% year over year to $880.6 million and surpassed the Zacks Consensus Estimate of $815 million, due to improved sales volume and pricing. 

Operating income surged 149.8% to $110.9 million (accounting for 12.6% of sales) and surpassed the Zacks Consensus Estimate of $103 million, due to enhanced price/cost dynamics and higher sales.

OSK’s Financials

Oshkosh had cash and cash equivalents of $204.9 million as of Dec. 31, 2024, compared with $125.4 million as of Dec. 31, 2023. The company recorded a long-term debt of $599.5 million, up from $597.5 million as of Dec. 31, 2023.

OSK hiked its quarterly cash dividend by 11% to 51 cents per share. The dividend will be paid out on March 3, 2025, to its shareholders of record as of Feb. 17.

OSK’s 2025 Guidance

The company anticipates full-year 2025 sales to be around $10.6 billion, down from $10.76 billion reported in 2024. It expects adjusted earnings per share to be $11, down from $11.74 reported in 2024.

OSK’s Zacks Rank & Key Picks

OSK carries a Zacks Rank #4 (Sell) at present.

Some better-ranked stocks in the auto space are Geely Automobile Holdings Limited GELYY, Yamaha Motor Co., Ltd. YMHAY and Allison Transmission Holdings, Inc. ALSN. While GELYY sports a Zacks Rank #1 (Strong Buy), YMHAY and ALSN carries a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for GELYY’s fiscal 2025 sales and earnings indicates year-over-year growth of 66.62% and 149.31%, respectively. EPS estimates for fiscal 2025 and 2026 have improved by 15 cents and 38 cents, respectively, in the past 30 days. 

The Zacks Consensus Estimate for YMHAY’s 2025 sales and earnings implies year-over-year growth of 8.69% and 19.07%, respectively. EPS estimates for 2025 have improved by a penny in the past 60 days.

The Zacks Consensus Estimate for ALSN’s 2025 sales and earnings indicates year-over-year growth of 6.67% and 11.40%, respectively. EPS estimates for 2025 have improved 3 cents in the past 30 days.

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