Oshkosh (OSK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Oshkosh reported revenue of $2.74 billion for the quarter ended September 2024, reflecting a 9.2% increase year-over-year, with EPS at$ 2.93 compared to $3.04 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of$ 2.63 billion by 4.26%, and EPS also surpassed the consensus estimate of $2.87 by 2.09% [1] Financial Performance Metrics - Net Sales- Access- Total reached$ 1.36 billion, exceeding the average estimate of $1.28 billion by four analysts, marking a 3.4% year-over-year increase [3] - Net Sales- Access- Aerial work platforms were reported at$ 631.70 million, below the average estimate of $657.15 million, representing a 3.5% decline year-over-year [3] - Net Sales- Access- Telehandlers achieved$ 445 million, surpassing the estimated $410.89 million, with a 13% increase compared to the previous year [3] - Net Sales- Access- Other totaled$ 286.60 million, exceeding the average estimate of $279.48 million, reflecting a 6.1% year-over-year increase [3] - Net Sales- Vocational- Total was$ 814.20 million, slightly below the estimate of $825.03 million, but showed a significant 17.6% increase year-over-year [3] - Net Sales- Defense reached$ 540.40 million, surpassing the average estimate of $504.17 million, with an 8.1% year-over-year increase [3] - Adjusted Access segment operating income (non-GAAP) was reported at$ 211.40 million, slightly above the average estimate of $207.79 million [3] - Adjusted Corporate operating expenses (non-GAAP) were -$ 51.70 million, compared to the average estimate of -$48 million [3] Stock Performance - Oshkosh shares have returned +9.5% over the past month, outperforming the Zacks S&P 500 composite's +1.8% change [4]