Oshkosh Corp. (NYSE: OSK) reported Q1 EPS of $1.61, $0.46 better than the analyst estimate of $1.15. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.7 billion.

“We delivered first quarter results, including sales of $1.7 billion and earnings per share of $1.10, in line with our expectations,” stated Wilson R. Jones, president and chief executive officer of Oshkosh Corporation. “With large favorable contract adjustments in the defense segment last year, we expected lower earnings in the quarter compared to the prior fiscal year quarter. Also, during the quarter, our access equipment segment experienced lower market activity. Despite these challenges, our team continued to embrace our People First culture and successfully executed the plan to deliver these results, including higher access equipment segment operating income on lower sales.

“During the quarter, our defense segment received a Joint Light Tactical Vehicle (JLTV) order for just over $800 million that included requirements for the segment’s first 30 JLTVs for an international customer. We look forward to receiving additional orders for this innovative next generation vehicle from more international allies.

“It’s still early in the year, but there are a number of positive items that give us confidence in reaffirming our full year earnings per share estimate range of $7.30 to $8.10, including first quarter results that were in line with our expectations; successfully concluding negotiations during the quarter with most of the access equipment segment’s key rental company customers; solid backlogs across all four segments and signs of stabilization in macro-economic data,” said Jones.

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