NYSE$OSK
Oshkosh Corp · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Oshkosh reported Q2 2022 results, with strong orders and record backlog, but lowered fiscal 2022 sales and earnings expectations due to supply chain challenges and inflation.
Oshkosh Corporation reported a decrease in net income for Q2 2022, with consolidated sales also decreasing. The company faced challenges due to supply chain disruptions, inflationary pressures, and unfavorable cumulative catch-up adjustments in the Defense segment. Despite these challenges, the company saw sequential growth in sales and operating income, driven by improved price-cost dynamics, particularly in the Access Equipment segment.
- Net income decreased to $26.9 million, or $0.41 per diluted share, compared to $213.9 million, or $3.07 per diluted share, for the three months ended June 30, 2021.
- Consolidated sales decreased 6.5 percent to $2.07 billion, primarily due to lower Defense segment sales and lower sales volume in the Fire & Emergency segment as a result of supply chain disruptions.
- The company is lowering its outlook for fiscal 2022, now expecting earnings per share to be approximately $3.25, or adjusted earnings per share in the range of $3.50.
- Second quarter performance was highlighted by sequential growth in both sales and operating income driven by a meaningful improvement in price-cost dynamics compared to the first quarter of fiscal 2022, particularly at Access Equipment.
Headline financials
Revenue & EPS history
Oshkosh · Revenue · Quarterly
$2.07B
Revenue by segment
Oshkosh · $1.52B total across 2 segments · Q2 2022
- Access$977M+32.4%64.4%
- Defense$539M-12.3%35.6%
Forward guidance
The Company now believes that revenue and adjusted1 earnings per share will be in the range of $8.3 billion and $3.50, respectively. The Company’s earnings per share expectation assumes the current supply chain and inflationary conditions will continue through fiscal 2022; if they deteriorate or improve, actual results could differ.
Tailwinds
- Strong demand for products
- Ability to price for inflation
- Sequential growth in sales
- Sequential growth in operating income
- Meaningful improvement in price-cost dynamics
Headwinds
- Supply chain disruptions reduced sales volume
- Supply chain disruptions caused labor inefficiencies
- Defense recognized unfavorable cumulative catch-up adjustments related to inflationary pressures
- Unfavorable non-cash mark-to-market adjustment on an equity investment
- Ongoing supply chain challenges and inflationary pressure
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 2022
+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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