What drove OSK's earnings beat in 2024?

Oshkosh Corporation's (OSK) earnings beat in 2024 was driven by strong revenue growth across its business segments, particularly in Access Equipment and Vocational segments:

1. **Access Equipment**: This segment generated $5.16 billion in revenue, which was a significant contributor to the company's overall growth. The increase in revenue can be attributed to the demand for Oshkosh's products in this segment.
2. **Vocational**: The Vocational segment generated $3.31 billion in revenue, another major segment that contributed to the company's earnings beat. The growth in this segment reflects the success of Oshkosh's products in the vocational market.
3. **Aerial Work Platforms**: With $2.44 billion in revenue, this segment also played a crucial role in the company's earnings growth. The demand for aerial work platforms has likely increased, leading to higher sales and revenue for Oshkosh.
4. **Defense**: The Defense segment generated $2.16 billion in revenue, indicating a strong demand for Oshkosh's defense products. This segment's performance has likely positively impacted the company's overall earnings.
5. **Telehandlers**: With $1.57 billion in revenue, the Telehandlers segment has shown robust performance, contributing to the company's earnings beat. The demand for telehandlers has likely increased, leading to higher sales and revenue for Oshkosh.
6. **Municipal Fire Apparatus**: The Municipal Fire Apparatus segment generated $1.29 billion in revenue, reflecting the continued demand for Oshkosh's municipal fire equipment. This segment's performance has likely contributed to the company's earnings growth.
7. **Airport Products**: The Airport Products segment generated $862.5 million in revenue, indicating a strong demand for Oshkosh's airport products. This segment's performance has likely positively impacted the company's overall earnings.
8. **Refuse and Recycling Vehicles**: With $686.2 million in revenue, the Refuse and Recycling Vehicles segment has shown growth, contributing to the company's earnings beat. The increase in demand for refuse and recycling vehicles has likely led to higher sales and revenue for Oshkosh.
9. **Other**: The Other segment generated $471.1 million in revenue, and while it may not be a major contributor, it still plays a role in the company's overall earnings. The growth in this segment reflects the success of Oshkosh's other products and services.
10. **Corporate and Intersegment Eliminations**: The Corporate and Intersegment Eliminations segment generated $100 million in revenue, indicating that Oshkosh has effectively managed its corporate and intersegment activities, which has likely positively impacted the company's overall earnings.

In summary, Oshkosh's earnings beat in 2024 can be attributed to the strong revenue growth across its business segments, driven by the demand for its products in various markets. The company's diversified portfolio and effective management of its segments have contributed to its financial success.