Oshkosh Corporation (holding Company) · NYSE:OSK

Oshkosh Corporation (holding Company) — Q4 2024 Earnings Presentation

17 slides from Oshkosh Corporation (holding Company)'s earnings presentation, Jan 30, 2025

  1. Slide 1: Oshkosh Corporation Fourth Quarter 2024

    Oshkosh Corporation Fourth Quarter 2024 January 30, 2025 JOHN PFEIFER - PRESIDENT AND CHIEF EXECUTIVE OFFICER MATTHEW FIELD – EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER PATRICK DAVIDSON – SENIOR VICE PRESIDENT, INVESTOR RELATIONS

  2. 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

  3. Slide 3: Q4 highlights

    Q4 highlights Q4 Performance  Solid performance with adj. EPS* of $2.62 $2.58 $2.47 $2.56 $2.58  Delivered 6.3% revenue growth with adjusted operating margin* at 9.4%. +6.3% +0.8%  Strong momentum in Vocational segment  Positive reception for USPS Next Generation Delivery Vehicles  Debuted adva

  4. Slide 4: Full year 2024 results and 2025 expectations

    Full year 2024 results and 2025 expectations OSK Full Year Performance  Outstanding performance leading to $11.74 $10.76 record revenues of $10.8 billion and $9.66 $9.98 +17.6% +11.4% adj. EPS* of $11.74  Strong operational execution drove profitability improvements  Raised quarterly dividend by

  5. Slide 5: Access

    Access  Solid Q4 results with revenue of $1.2B Galileo and autonomous recharging station at CES 2025 and 13.1% adj. operating margin*  Backlog remains healthy  Near-term industry weakness; demand expected to pick up in back half of 2025  Showcased Galileo all-electric boom lift/roto-telehandler

  6. Slide 6: Vocational

    Vocational McNeilus® Volterra ZFL launched at CES 2025  Strong performance with revenue growth of ~20% in Q4 and adj. OI margin* of 14.0%  Backlog provides excellent visibility  Extended Volterra eRCV family of purpose- built zero emission vehicles with CES announcement of Volterra ZFL, front loa

  7. Slide 7: Defense

    Defense Next Generation Delivery Vehicle on display at CES 2025  Operating income margin reflects legacy fixed price contracts  Pleased with discussions for FMTV contract extension; expect to agree to a 3-year extension in first half of 2025  Growing international interest for TWVs  Making solid

  8. Slide 8: Consolidated results

    Consolidated results Dollars in millions, except per share amounts Three months ended December 31 2024 2023 Q4 comments Net Sales $ 2,623.4 $ 2,466.8  Sales impacted by: % Change 6.3% 11.9% + Higher volume and improved pricing in Vocational Adjusted operating income* $ 245.4 $ 239.9 % Change 2.3% 5

  9. Slide 9: 2025 Outlook

    2025 Outlook Expectations in the range of: Segment information • Revenues of ~$10.6 billion • Adj. operating income* of ~$1.05 billion Measure Access Vocational Defense • Adjusted EPS* of ~$11.00 Sales Additional expectations (billions) ~$4.4 ~$3.8 ~$2.3  Corporate and other of ~$185 million  Tax

  10. Slide 10: Contacts

    Contacts: Strong Oshkosh Presence at CES 2025 Patrick N. Davidson Senior Vice President, Investor Relations pdavidson@oshkoshcorp.com 920-502-3266 Victoria Connelly Senior Manager, Investor Relations vconnelly@oshkoshcorp.com 920-502-3108 Fourth Quarter 2024 Earnings Call January 30, 2025 10

  11. Slide 11: Appendix: Access

    Appendix: Access Q4 comments Dollars in millions Three months ended December 31 2024 2023  Sales impacted by: + AUSA volume Net Sales $ 1,157.0 $ 1,150.3 − Lower international volume % Change 0.6% 7.1% Adjusted operating income* $ 151.6 $ 165.6  Adjusted operating income* impacted by: % Change (8.

  12. Slide 12: Appendix: Vocational

    Appendix: Vocational Q4 comments Dollars in millions Three months ended December 31 2024 2023  Sales impacted by: + Higher sales volume Net Sales $ 880.6 $ 735.3 + Improved pricing % Change 19.8% 26.1% Adjusted operating income* $ 122.9 $ 64.2  Adjusted operating income* impacted by: % Change 91.4

  13. Slide 13: Appendix: Defense

    Appendix: Defense Q4 comments Dollars in millions Three months ended December 31 2024 2023  Sales impacted by: + NGDV volume Net Sales $ 559.1 $ 560.5 − Unfavorable CCA % Change (0.2)% 6.2% Operating Income $ 15.0 $ 62.1  Operating income impacted by: − Unfavorable CCA % Change (75.8)% 148.4% − Un

  14. Slide 14: GAAP to Non-GAAP reconciliation

    Appendix: 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): Fourth Quarter 2024 Earnings Call January 30, 2025 14

  15. Slide 15: GAAP to Non-GAAP reconciliation

    Appendix: 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 Twelve months ended December 31, December 31, 2024 202

  16. Slide 16: GAAP to Non-GAAP reconciliation

    Appendix: 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 Expectations Earnings per share-diluted (GAAP) $ 10.30 Amortization

  17. Slide 17: Commonly used acronyms

    Appendix: Commonly used acronyms ARFF Aircraft Rescue and Firefighting IRC Independent Rental Company AWP Aerial Work Platform JLTV Joint Light Tactical Vehicle AMPS Aftermarket Parts & Service JPO Joint Program Office APAC Asia Pacific LRIP Low Rate Initial Production ASC Accounting Standards Codif

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