Oshkosh Corp. (OSK) Misses Q3 EPS by 17c, Lowers FY Guidance

Oshkosh Corp. (NYSE: OSK) reported Q3 EPS of $2.09, $0.17 worse than the analyst estimate of $2.26. Revenue for the quarter came in at $2.21 billion versus the consensus estimate of $2.21 billion.

GUIDANCE:

Oshkosh Corp. sees FY2021 EPS of $6.35-$6.50, versus the consensus of $6.84.

• “We are increasing our fiscal 2021 GAAP earnings per share expectations to a range of $7.15 to $7.30 as a result of the tax benefit recognized in the third quarter offset in part by ongoing supply chain-related challenges. The ongoing supply chain-related challenges have also caused us to update our adjusted earnings per share expectations for fiscal 2021 to a range of $6.35 to $6.50 compared with the previous adjusted earnings per share range of $6.35 to $6.85. Demand is strong across the markets where we compete, and we remain confident in the outlook for these markets. In particular, we are pleased with growing demand for access equipment, which we believe will remain strong for the foreseeable future,” said Pfeifer.

For earnings history and earnings-related data on Oshkosh Corp. (OSK) click here.

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