Earnings Releases·Oct 29, 2026, 8:00 AM ET

Oshkosh Corporation — 2026 Third Quarter Earnings Summary

Consolidated sales rose 5.7% to $2.84 billion in Q3 2026, while net income and adjusted net income declined 29.5% and 27.4% year-over-year to $138.4 million and $150.1 million, respectively, driven by lower operating margins in the Vocational and Transport segments.
Full-year 2026 guidance was lowered across the board: diluted EPS to $8.00–$9.00, adjusted EPS to $8.50–$9.50, and net sales to approximately $11.0 billion, reflecting reduced fire apparatus and NGDV production volumes.
The Access segment delivered strong growth with sales up 20.7% to $1.34 billion, whereas the Vocational segment saw sales fall 7.0% due to manufacturing modernization initiatives, and the Transport segment reported a 77.6% drop in operating income primarily due to a one-time $25.0 million license revenue in the prior year.
Capital allocation included a quarterly dividend of $0.57 per share and $82.4 million in share repurchases during the quarter, while period-end backlog increased 10.7% to $15.15 billion.
Management characterizes near-term production challenges as temporary, citing ongoing efforts to improve material flow and throughput in fire truck manufacturing to support a strong long-term outlook.