Oshkosh cuts 2024 EPS outlook to $10.00 as Q3 sales rise 9% but profit falls
Oshkosh reported third-quarter 2024 sales of $2.74 billion, up 9.2%, but net income fell to $180.3 million, or $2.75 per diluted share, from $183.7 million, or $2.79, a year earlier. The company lowered its 2024 diluted EPS expectation to approximately $10.00 from $10.45 and its adjusted EPS expectation to approximately $11.35 from $11.75, citing softness in the North American access equipment market.
Key points
- Third-quarter sales rose to $2.74 billion, up 9.2%, led by the Vocational segment, where sales grew 17.6%.
- Adjusted diluted EPS was $2.93 for the third quarter, down from $3.04 a year earlier.
- 2024 sales expectation was reduced to approximately $10.6 billion from $10.7 billion.
- The board declared a quarterly dividend of $0.46 per share, payable November 29, 2024.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.