Oshkosh Corporation (holding Company) · NYSE:OSK
Oshkosh Corporation (holding Company) — Q3 2025 Earnings Presentation
21 slides from Oshkosh Corporation (holding Company)'s earnings presentation, Oct 29, 2025
Slide 1: Q3 2025 Earnings Update
Q3 2025 EARNINGS UPDATE | OCTOBER 29, 2025 THIRD QUARTER 2025 EARNINGS CALL | 1
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements
Slide 3: Making a difference
Making a difference 9/11 MEMORIAL STAIR CLIMB IN GREEN BAY FEED THE BODY, FEED THE SOUL Team members walked with firefighters and other first responders More than 1,200 team members packed 224,000 lbs of rice to during the 13th annual 9/11 Memorial Stair Climb to support the aid those facing food in
Slide 4: Q3 consolidated results
Q3 consolidated results REVENUE ADJ. OPERATING ADJ. OI MARGIN* ADJ. EPS* (in billions) INCOME* (in millions) $3.20 $2.74 $2.69 $282.5 $2.93 $274.3 10.3% 10.2% 2024 2025 2024 2025 2024 2025 2024 2025 * Non-GAAP results. See appendix for reconciliation to GAAP results. THIRD QUARTER 2025 EARNINGS CALL
Slide 5: Compelling investment thesis
Compelling investment thesis (Investor Day – June 2025) CASH GENERATION TRANSFORMING TOP-LINE RESILIENT AND CAPITAL MARGIN GROWTH PORTFOLIO MANAGEMENT Plans to deliver through- Sizable backlogs and Strong segments support Expect significant free cash cycle margin expansion pricing provide clear bala
Slide 6: Q3 highlights
Q3 highlights AEROTECH ON DISPLAY AT GSE EXPO AUTONOMY FOR DEFENSE AT AUSA Our team displayed autonomous solutions for the We introduced the Family of Multi-Mission Autonomous Vehicles “Airport of the Future” as well as new products like the which offer modern technologies and flexible payloads acro
Slide 7: Q3 highlights
Q3 highlights JLG SUPPORTING DATA CENTERS NEW PRODUCTS SUPPORTING CUSTOMERS JLG equipment plays a critical role in large megaprojects, The new AG619 midsize telehandler was launched at the World Dairy like data centers, both during construction and for ongoing Expo in September to broaden the portfo
Slide 8: Q3 highlights
Q3 highlights Add Pierce assembly picture INCREASING FIRE TRUCK THROUGHPUT COOLEST THING MADE IN TENNESSEE Pierce continues to improve production efficiency and throughput for McNeilus® VolterraTM ZSLTM won the 2025 award. The vehicle is a fully fire trucks, supported by customer-focused initiatives
Slide 9: Q3 highlights
Q3 highlights AUTONOMY-READY PLS A2 CONTRACT OVER 4 MILLION MILES We received an $89 million contract for our PLS A2 vehicle with Productivity and safety features in these revolutionary new NGDVs on-board autonomous technology capability. provide an improved experience for USPS workers in communitie
Slide 10: Consolidated results
Consolidated results Dollars in millions, except per share amounts Q3 COMMENTS Three months ended September 30 2025 2024 Sales impacted by: Net Sales $2,688.6 $2,741.4 − Access sales volume % Change (1.9)% 9.2% + Vocational and Transport sales volume Adjusted operating income* $274.3 $282.5 + Pricin
Slide 11: Segment highlights
Segment highlights Access Segment Vocational Segment Transport Segment $1,110M $968M $588M REVENUE REVENUE REVENUE 11.0% 15.6% 6.2% ADJUSTED OI MARGIN* ADJUSTED OI MARGIN* OI MARGIN * Non-GAAP results. See appendix for reconciliation to GAAP results. THIRD QUARTER 2025 EARNINGS CALL | 11
Slide 12: Updated 2025 outlook
Updated 2025 outlook EXPECTATIONS IN THE RANGE OF: Segment information • Revenues of $10.3 - $10.4 billion • Adj. operating income* of $975 – $1,015 million Access Vocational Transport • Adjusted EPS* of ~$10.50 - $11.00 ADDITIONAL EXPECTATIONS Sales ~$4.3 ~$3.8 ~$2.1 (billions) • Corporate and othe
Slide 13: Our strategy
Our strategy Enabling our strategy INNOVATE DIVERSIFIED GROWTH Shaping tomorrow with Clear revenue opportunities from leading technology three industry-leading verticals, adjacencies and strategic partnerships SERVE Supporting throughout HEALTHY MARGINS the product lifecycle Through-cycle profitabil
Slide 14: Contact info
Future of Airports Contact info PATRICK N. DAVIDSON Senior Vice President, Investor Relations pdavidson@oshkoshcorp.com 920-502-3266 GREG SCHRIMPF Senior Manager, Investor Relations gschrimpf@oshkoshcorp.com 920-502-3318 THIRD QUARTER 2025 EARNINGS CALL | 14
Slide 15: Appendix
Appendix
Slide 16: Access
Access Q3 COMMENTS Dollars in millions Sales impacted by: − Sales volume in NA Three months ended September 30 2025 2024 − Higher sales discounts Net Sales $1,109.7 $1,363.3 Adjusted operating income* % Change (18.6)% 3.4% impacted by: Adjusted operating income* $121.8 $211.4 − Sales volume − Sales
Slide 17: Vocational
Vocational Q3 COMMENTS Dollars in millions Sales impacted by: + Sales volume Three months ended September 30 2025 2024 + Pricing Net Sales $968.0 $814.2 Adjusted operating income* % Change 18.9% 17.6% impacted by: Adjusted operating income* $151.1 $111.6 + Sales volume + Price/cost dynamics % Change
Slide 18: Transport
Transport Q3 COMMENTS Dollars in millions Sales impacted by: + NGDV ramp-up Three months ended September 30 2025 2024 + International TWV sales Net Sales $587.9 $540.4 + JLTV IP license agreement % Change 8.8% 13.9% − Wind-down of domestic JLTV Operating income $36.6 $11.2 Operating income impacted
Slide 19: GAAP to Non-GAAP reconciliation
GAAP to Non-GAAP reconciliation The tables below present a reconciliation of the Company’s presented GAAP measures to the most directly comparable non-GAAP measures (unaudited; in millions, except per share amounts): Three Months Ended Three Months Ended Three Months Ended September 30, September 30
Slide 20: GAAP to Non-GAAP reconciliation
GAAP to Non-GAAP reconciliation The tables below present a reconciliation of the Company’s presented GAAP measures to the most directly comparable non-GAAP measures (unaudited; in millions, except per share amounts): 2025 2025 Expectations Expectations Low High Access segment operating income (GAAP)
Slide 21: Commonly used acronyms
Commonly used acronyms ARFF Aircraft Rescue and Firefighting FHTV Family of Heavy Tactical Vehicles NRC National Rental Company AWP Aerial Work Platform FMAV Family of Multi-Mission Autonomous Vehicles OH Overhead AMPS Aftermarket Parts & Service FMS Foreign Military Sales OI Operating Income APAC A
Oshkosh Corporation (Holding Company)Common Stock — Q3 2025 Earnings Presentation on 6ix