NYSE$OSK

Oshkosh Corp · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Oshkosh Corporation reported first quarter results for fiscal year 2020, with net sales of $1.70 billion and earnings per share of $1.10, in line with expectations.

Oshkosh Corporation reported a decrease in net sales by 6.0% to $1.70 billion and a decrease in operating income by 32.0% to $109.1 million for the first quarter of fiscal 2020, compared to the same period in the prior year. The company reaffirmed its full year earnings per share estimate range of $7.30 to $8.10.

  • First quarter net sales decreased 6.0 percent to $1.70 billion.
  • First quarter net income was $75.7 million, or $1.10 per diluted share.
  • The company reaffirmed its fiscal 2020 diluted earnings per share estimate range of $7.30 to $8.10.
  • A quarterly cash dividend of $0.30 per share of Common Stock was declared.

Headline financials

Total Revenue

$1.7B

Previous: $1.8B-6.0%
EPS (adj)

$1.10

Previous: $1.61-31.7%
Access Segment Operating Income

$69M

Previous: $66.4M+3.9%
Capital Expenditures

-$33.7M

Previous: -$13.2M-155.3%
Free Cash Flow

$42M

Previous: $95.8M-56.2%
Net Income

$75.7M

Previous: $109M-30.6%
Operating Income

$109M

Previous: $161M-32.0%
Gross Profit

$290M

Previous: $328M-11.8%
Cash & Equivalents

$264M

Previous: $160M+65.1%
Total Assets

$5.56B

Previous: $5.03B+10.5%
Stock-Based Comp

$9.4M

Previous: $7.9M+19.0%

Revenue & EPS history

Oshkosh · Revenue · Quarterly

$1.7B

Q1 2020-6%vs Q1 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Oshkosh · $1.21B total across 2 segments · Q1 2020

  • Access
    $718M-13.1%
  • Defense
    $493M+6.2%

Forward guidance

The Company reaffirmed its fiscal 2020 diluted earnings per share estimate range of $7.30 to $8.10, operating income estimate range of $690 million and $765 million and sales estimate range of $7.9 billion and $8.2 billion.

Tailwinds

  • First quarter results were in line with expectations.
  • Negotiations were successfully concluded during the quarter with most of the access equipment segment’s key rental company customers.
  • Solid backlogs across all four segments.
  • Signs of stabilization in macro-economic data.
  • Reaffirmed full year earnings per share estimate range of $7.30 to $8.10

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.4%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+2.3%

Avg return

30 days after

48%

32 / 67 earnings

Positive

+18.4%

Q4 2024

Best reaction

-13.8%

Q3 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.6%-18.3%-14.8%
Q4 2025-0.6%+9.0%+16.3%
Q3 2025-9.2%-11.8%-6.8%
Q1 2025-5.1%+1.6%+12.4%
Q4 2024+18.4%+16.5%+7.0%
Q3 2024-5.2%-4.5%+5.4%
Q2 2024-8.0%-14.2%-5.7%
Q1 2024-3.0%-7.4%-4.8%
Q4 2023-2.4%+0.6%-1.7%
Q3 2023-0.6%+1.0%+12.1%
Q2 2023+10.7%+13.4%+12.8%
Q1 2023+0.2%+2.4%-3.2%
Q4 2022+3.8%+5.2%-9.7%
Q3 2022+3.8%+3.6%+9.4%
Q2 2022-3.8%-5.4%-9.3%
Q1 2022-0.3%-0.4%-1.9%
Q4 2021+3.5%+7.5%+8.0%
Q3 2021-1.4%-2.1%-3.1%
Q2 2021+4.1%+3.6%+6.5%
Q1 2021+2.8%+0.9%+14.6%
Q4 2020-5.4%+2.7%+17.3%
Q3 2020-2.2%-2.3%-2.1%
Q2 2020+0.3%-7.1%+6.7%
Q1 2020-2.0%-0.9%-19.1%
Q4 2019+1.2%+5.3%+7.2%
Q3 2019-8.7%-9.7%-15.9%
Q2 2019+0.3%+0.7%-6.7%
Q1 2019+5.8%+5.9%+11.8%
Q4 2018+15.3%+19.2%+27.1%
Q3 2018-2.5%-1.4%-4.7%
Q2 2018-2.8%-4.5%+2.5%
Q1 2018+3.4%-1.0%-10.3%
Q4 2017-2.1%-3.3%+0.5%
Q3 2017+7.5%+8.8%+9.0%
Q2 2017-4.7%-7.3%-12.8%
Q1 2017-0.8%-4.8%-9.5%
Q4 2016+2.9%+3.2%+31.4%
Q3 2016+12.9%+10.0%+11.6%
Q2 2016+16.9%
Q1 2016-2.4%
Q4 2015-4.0%
Q3 2015-6.4%
Q2 2015+11.4%
Q1 2015+5.6%
Q4 2014-2.3%
Q3 2014-11.5%
Q2 2014-0.5%
Q1 2014+5.0%
Q4 2013-10.7%
Q3 2013+10.7%
Q2 2013-7.8%
Q1 2013+15.7%
Q4 2012+0.8%
Q3 2012+15.7%
Q2 2012+3.5%
Q1 2012+1.8%
Q4 2011-5.2%
Q3 2011-13.8%
Q2 2011-10.9%
Q1 2010+1.3%
Q1 2011+2.8%
Q4 2008+1.8%
Q2 2010+1.8%
Q4 2010+1.8%
Q4 2009-7.0%
Q3 2009-7.0%
Q3 2010-7.0%

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