Shares of Oshkosh Corporation (NYSE: OSK) soared 7.5% in pre-market trading on Thursday, following the company's strong fourth-quarter 2024 earnings report and an 11% increase in its quarterly dividend.
For the fourth quarter, Oshkosh reported adjusted earnings per share of $2.58, surpassing analyst expectations of $2.17. Revenue for the quarter came in at $2.623 billion, beating estimates of $2.418 billion, driven by higher sales volumes and improved pricing across segments.
The company's solid performance extended to its full-year 2024 results, with adjusted EPS of $11.74, representing a 17.6% increase over the prior year. Oshkosh also provided a positive outlook for fiscal 2025, initiating adjusted EPS guidance of approximately $11.00 on projected net sales of around $10.6 billion.
In addition, Oshkosh announced an 11% increase in its quarterly cash dividend to $0.51 per share, marking the 11th consecutive year of double-digit dividend growth. The dividend will be payable on March 3, 2025, to shareholders of record as of February 17, 2025.
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