NYSE$OSK
Oshkosh Corp · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Oshkosh reported a decrease in net sales and operating income due to lower sales in access equipment and fire & emergency segments, offset by higher defense segment sales.
Oshkosh Corporation reported fiscal year 2020 second quarter net income of $68.6 million, or $0.99 per diluted share. Consolidated net sales decreased 9.7 percent to $1.80 billion. Consolidated operating income decreased 23.9 percent to $133.6 million.
- Delivered adjusted earnings per share of $1.25 on sales of $1.8 billion.
- Facing uncertain demand in the access equipment and commercial segments.
- Implemented a company-wide cost reduction plan that targets $80 million to $100 million in savings for the second half of fiscal 2020.
- Liquidity of approximately $1.2 billion at March 31.
Headline financials
Revenue & EPS history
Oshkosh · Revenue · Quarterly
$1.8B
Revenue by segment
Oshkosh · $1.31B total across 2 segments · Q2 2020
- Access$693M-29.8%53.0%
- Defense$615M+26.4%47.0%
Forward guidance
Oshkosh is facing uncertain demand in the access equipment and commercial segments as well as potential disruptions with supply chain continuity and team member availability in all of its segments.
Tailwinds
- Large customer backlogs in both our defense and fire & emergency segments
- Good visibility for these businesses well into fiscal 2021
- Integrated supply chain is collaborating across the world to pursue alternatives with our supply partners
- Communicating frequently with our people to mitigate these risks.
- Balance sheet is strong and our liquidity of approximately $1.2 billion at March 31 positions us well to navigate through the global pandemic.
Headwinds
- Uncertain demand in the access equipment and commercial segments
- Potential disruptions with supply chain continuity
- Potential disruptions with team member availability in all of our segments.
- COVID-19 pandemic
- Global economic shutdown
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 Q2 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
| 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% | — | — |
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