Oshkosh Corp. (NYSE: OSK) reported Q3 EPS of $2.05, $0.03 better than the analyst estimate of $2.02. Revenue for the quarter came in at $2.18 billion versus the consensus estimate of $2.16 billion.

Fiscal 2018 Expectations

As a result of its performance in the third quarter and its positive outlook, the Company is raising its fiscal 2018 full year outlook. The Company now expects consolidated sales to be $7.60 billion to $7.65 billion, up from the Company’s previous sales estimate range of $7.4 billion to $7.6 billion.

The Company now expects its fiscal 2018 consolidated operating income to be $595 million to $605 million. Excluding incurred and anticipated charges and inefficiencies associated with previously announced restructuring actions in the access equipment and commercial segments, the Company expects its fiscal 2018 adjusted1 operating income to be $630 million to $640 million compared to its previous estimated adjusted operating income range of $575 million to $625 million. The increase is attributable to expected higher sales in the access equipment and commercial segments and improved margins in the defense and fire & emergency segments.

The Company now expects its fiscal 2018 diluted earnings per share to be in the range of $5.65 to $5.75. Excluding anticipated charges and inefficiencies associated with previously announced restructuring actions in the access equipment and commercial segments, debt refinancing costs as well as the impact of discrete items associated with tax reform in the U.S., the Company expects its fiscal 2018 adjusted1 diluted earnings per share to be in the range of $6.00 to $6.10, compared to the prior adjusted diluted earnings per share estimated range of $5.40 to $5.85. The revised diluted earnings per share calculation assumes diluted weighted average shares of 75.1 million. The weighted average share assumption takes into account 309,500 shares repurchased since June 30, 2018 under a Rule 10b5-1 trading plan.

(Street sees FY EPS of $5.78 on revenue of $7.58 billion.)

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