NYSE$OSK
Oshkosh Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Oshkosh reported strong Q1 2024 results, with significant increases in sales, net income, and earnings per share, driven by outstanding execution, healthy demand, and strategic acquisitions.
Oshkosh Corporation reported a strong start to 2024, with a 12% increase in revenues and over 80% growth in adjusted operating income, leading to adjusted earnings per share of $2.89. The company raised its full-year earnings per share outlook to be in the range of $10.55 per share and adjusted earnings per share outlook to be in the range of $11.25 per share.
- Sales increased by 12.2% to $2.54 billion, primarily due to the AeroTech acquisition and improved organic volume and pricing.
- Net income rose to $179.4 million, or $2.71 per diluted share, compared to $88.5 million, or $1.34 per diluted share, in the first quarter of 2023.
- Adjusted earnings per share increased by 77% to $2.89, compared to $1.63 in the same period last year.
- The company raised its full-year earnings per share outlook to $10.55 and adjusted earnings per share outlook to $11.25.
Headline financials
Revenue & EPS history
Oshkosh · Revenue · Quarterly
$2.54B
Revenue by segment
Oshkosh · $1.19B total across 2 segments · Q3 2023
- Vocational$693M—58.1%
- Defense$500M-3.6%41.9%
Forward guidance
The Company expects its 2024 diluted earnings per share to be in the range of $10.55 and its adjusted earnings per share to be in the range of $11.25 on projected net sales of approximately $10.7 billion.
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 2024
+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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro