Oshkosh Reports Q2 Earnings with Mixed Results
Oshkosh Corporation (NYSE:OSK) reported second-quarter sales of $2.9 billion in fiscal year 2026, a 6.7% increase from the previous year. Free cash flow surged to $348 million compared to just $49 million in Q2 2025 due to improved working-capital management and higher customer advances. Despite strong sales growth, adjusted operating income fell to $258 million from $313 million a year earlier, primarily due to unfavorable product mix, tariffs, and increased manufacturing costs. The company raised its Access segment revenue outlook for 2026 amid robust demand driven by infrastructure projects, data centers, and large rental companies. However, Oshkosh lowered full-year adjusted EPS guidance from previous estimates to approximately $11 per share due to slower-than-expected progress in transitioning fire-truck production. Management anticipates stronger results later this year as production ramps up for both the fire-truck segment and U.S. Postal Service delivery vehicles.
Tickers: $OSK
Topics: financial_results free_cash_flow guidance_update operating_income