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Oshkosh Corp. (OSK) Tops Q4 EPS by 27c; Guides FY18 EPS Above Views

October 31, 2017 7:02 AM

Oshkosh Corp. (NYSE: OSK) reported Q4 EPS of $1.38, $0.27 better than the analyst estimate of $1.11. Revenue for the quarter came in at $1.96 billion versus the consensus estimate of $1.9 billion.

GUIDANCE:

Oshkosh Corp. sees FY2018 EPS of $4.25-$4.65, versus the consensus of $4.16.

“I am pleased to report another quarter of strong performance, with results that exceeded our expectations,” said Wilson R. Jones, president and chief executive officer of Oshkosh Corporation. “We grew revenues in all four of our segments, leading to higher adjusted1 consolidated operating income and adjusted1 operating income margin.

“Our strong fourth quarter capped off a successful year for Oshkosh Corporation. In addition to celebrating our 100th year in business, we delivered earnings per share of $3.77 and adjusted1 earnings per share of $4.25, an increase of 35 percent compared to adjusted1 earnings per share in fiscal 2016. I’m proud of the dedication and hard work of our team members around the world who delivered these strong results.

“As a result of our strong performance in fiscal 2017 and positive outlook, we are initiating our expectations for fiscal 2018 earnings per share to be a range from $4.20 to $4.60, or $4.25 to $4.65 on an adjusted1 earnings per share basis. We look forward to delivering strong performance in fiscal 2018 and believe we are well-positioned to grow sales, adjusted1 operating income and adjusted1 earnings per share, all while continuing to invest in our business and in our people,” said Jones.

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

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