NYSE$OSK
Oshkosh Corp · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Oshkosh's financial performance was impacted by COVID-19 pandemic, with the company implementing actions to simplify operations and lower costs.
Oshkosh Corporation reported a decrease in net sales and net income for the third quarter of fiscal 2020, primarily due to the impact of the COVID-19 pandemic on the Access Equipment segment. The company is implementing permanent cost actions to further simplify businesses and reduce costs.
- Net sales decreased by 33.9% to $1.58 billion compared to the third quarter of fiscal 2019.
- Net income was $80.2 million, or $1.17 per diluted share, compared to $191.9 million, or $2.72 per diluted share, in the third quarter of fiscal 2019.
- Adjusted net income was $88.6 million, or $1.29 per diluted share, excluding after-tax charges associated with restructuring actions.
- The company announced permanent cost actions to simplify businesses and reduce costs, expecting $30 million to $35 million of annual pre-tax savings.
Headline financials
Revenue & EPS history
Oshkosh · Revenue · Quarterly
$1.58B
Revenue by segment
Oshkosh · $1.04B total across 2 segments · Q3 2020
- Defense$548M+7.1%52.9%
- Access$488M-60.9%47.1%
Forward guidance
Company expects these actions to generate $30 million to $35 million of annual pre-tax savings, with some benefits in fiscal 2021 and the full impact in fiscal 2022. Expects pre-tax implementation costs of $35 million to $40 million, including approximately $20 million of non-cash charges.
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 Q3 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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