What guidance did Oshkosh's management provide for the next earnings period?

What is Oshkosh's gross profit margin?

What is the revenue and EPS growth rate for Oshkosh year over year?

What is Oshkosh's latest dividend and current dividend yield?

What were the key takeaways from Oshkosh's earnings call?

What is the market's earnings forecast for Oshkosh next quarter?

Did Oshkosh beat or miss consensus estimates last quarter?

What were the key takeaways from Oshkosh’s earnings call?

- **EPS Guidance Update**: Full-year 2025 EPS revised to $10.50-$11, reflecting cautious Access segment spending.
- **Tariff Mitigation**: $30-$40 million tariff impact in 2025; 2026 price increases拟议中.
- **Vocational Strength**: 15.6% margin on 19% sales growth, driven by fire trucks and airport products.
- **NGDV Challenges**: Q3 revenue of $146 million below expectations; full-rate production target for year-end.
- **Autonomous Innovation**: Showcased FMAV and autonomous GSE at industry events, highlighting defense and commercial applications.

**【Management Opening Remarks】**
- Oshkosh released Q3 2025 results with revenue of $2.7 billion and adjusted EPS of $3.20. Forward-looking statements noted risks including tariffs, economic conditions, and government policies. The call included a slide presentation and webcast.

**【CEO Commentary】**
- **Financial Highlights**: Adjusted operating margin of 10.2% on $2.7 billion revenue. Adjusted EPS up 9.2% YoY to $3.20. Full-year EPS guidance revised to $10.50-$11 due to cautious Access segment spending.
- **Segment Performance**: 
  - **Access**: 11% margin despite 19% sales decline. Customers delaying CapEx amid tariffs and interest rates.
  - **Vocational**: 15.6% margin on $968 million sales, driven by fire trucks and airport products.
  - **Transport**: 6.2% margin, boosted by $25 million software IP license and NGDV production challenges.
- **Strategic Initiatives**: Local-for-local manufacturing to mitigate tariffs. Autonomous vehicle advancements showcased at industry events.

**【CFO Commentary】**
- **Consolidated Results**: Sales down 2% YoY to $2.7 billion. Adjusted operating income of $274 million. Free cash flow of $464 million, up 69% YoY.
- **Segment Breakdown**: 
  - **Access**: 11% margin on $1.1 billion sales, 19% lower YoY.
  - **Vocational**: 15.6% margin, 19% sales growth.
  - **Transport**: 6.2% margin, $48 million sales growth.
- **Liquidity**: $159 million in share repurchases YTD. 2025 free cash flow outlook of $450-$550 million.

**【Q&A Highlights】**
- **Tariffs and Pricing**: $30-$40 million tariff impact in 2025, with potential 2026 price increases. Multifaceted mitigation strategies include supply chain engineering and sourcing.
- **NGDV Challenges**: Fourth-quarter revenue of $146 million below expectations due to production ramp-up challenges. Full-rate production target for year-end remains.
- **Warranty Costs**: One-time $13 million charge in Q3 for defense vehicles, not recurring.
- **Defense Business**: Autonomous capabilities differentiate Oshkosh in CTT program bids.


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