NYSE$OSK

Oshkosh Corp · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Oshkosh reported strong Q4 2020 results amidst the global pandemic and announced a 10 percent increase in the quarterly cash dividend.

Oshkosh Corporation reported a decrease in net sales by 18.7 percent to $1.78 billion and a decrease in operating income by 37.3 percent to $127.4 million compared to the fourth quarter of fiscal 2019. Despite the challenges posed by the COVID-19 pandemic, the company's adjusted diluted earnings per share was $1.30.

  • Oshkosh team members delivered strong results in the face of adversity and global uncertainty caused by the COVID-19 pandemic.
  • Rental company customers continued to limit their spending on new capital equipment, which impacted sales in the fourth quarter.
  • Defense and Fire & Emergency segments provide a solid foundation to offset the impact of lower sales in the Access Equipment segment.
  • Oshkosh received a contract from the Belgium Ministry of Defence for more than 300 Joint Light Tactical Vehicles (JLTV).

Headline financials

Total Revenue

$1.78B

Previous: $2.2B-18.8%
EPS (adj)

$1.30

Previous: $2.17-40.1%
Capital Expenditures

$39.1M

Previous: $78.1M-49.9%
Free Cash Flow

$252M

Previous: $384M-34.5%
Net Income

$100M

Previous: $150M-33.3%
Operating Income

$127M

Previous: $203M-37.3%
Gross Profit

$281M

Previous: $397M-29.3%
Cash & Equivalents

$583M

Previous: $448M+30.0%
Total Assets

$5.82B

Previous: $5.57B+4.5%
Stock-Based Comp

$5M

Previous: $7.1M-29.6%

Revenue & EPS history

Oshkosh · Revenue · Quarterly

$1.78B

Q4 2020-18.8%vs Q4 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Oshkosh · $1.22B total across 2 segments · Q4 2020

  • Access
    $616M-39.4%
  • Defense
    $607M+6.4%

Forward guidance

While the company is not providing a quantitative outlook for fiscal 2021 due to uncertainty in the access equipment and some commercial markets, they are staying close to customers and will respond to opportunities that arise. The company is confident in the long-term potential of its end markets and will continue to rely on its People First culture.

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 Q4 2020

Historical avgQ4 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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