Oshkosh Shares Rise 12% on 4Q Sales Beat, 2025 Outlook

Oshkosh Corporation (NYSE: OSK) shares surged 12% on January 30, 2025, following the company's release of strong fourth-quarter sales and a positive outlook for 2025. The leading innovator of purpose-built vehicles and equipment reported net income of $153.1 million, or $2.33 per diluted share, compared to $150.8 million, or $2.28 per diluted share, in the fourth quarter of 2023. Adjusted net income was $169.3 million, or $2.58 per diluted share, compared to $169.4 million, or $2.56 per diluted share, in the same period last year.

Oshkosh's consolidated sales increased by 6.3% to $2.62 billion, driven by higher volumes and improved pricing in the Vocational segment. The company's operating income rose by 3.9% to $223.9 million, or 8.5% of sales, compared to the fourth quarter of 2023. Adjusted operating income increased by 2.3% to $245.4 million, or 9.4% of sales.

John Pfeifer, president and chief executive officer of Oshkosh Corporation, stated, "Our impressive fourth quarter performance was driven in particular by revenue growth of nearly 20 percent in our Vocational segment. For the full year, we grew revenue in all three of our segments and delivered solid double-digit operating income and adjusted operating income margins in our Access and Vocational segments."

Oshkosh's strong performance was bolstered by the successful launch of its revolutionary purpose-built Next Generation Delivery Vehicle (NGDV) for the US Postal Service (USPS) and strong backlogs in the Vocational segment. The company expects growth for its Vocational and Defense segments in 2025 and is confident in its ability to navigate softer market conditions in the Access segment. Oshkosh initiated its adjusted earnings per share expectations for 2025 at approximately $11.00 and announced a quarterly cash dividend of $0.51 per share, representing a 10.9% increase.



Oshkosh's strong fourth-quarter sales and positive outlook for 2025 reflect the company's strategic focus and market positioning. The Vocational segment's impressive revenue growth and operating income improvement demonstrate the segment's market leadership and operational efficiency. The Access segment's resilience, despite moderating demand, is driven by long-term drivers, favorable product mix, and a diversified customer base. The NGDV program and strong backlogs in the Vocational segment contribute to Oshkosh's confidence in delivering strong results in 2025.



Investors should consider Oshkosh Corporation as a strong performer in the purpose-built vehicles and equipment market, with a positive outlook for 2025. The company's strategic focus, market positioning, and strong financial performance make it an attractive investment opportunity.