Oshkosh Corporation (holding Company) · NYSE:OSK

Oshkosh Corporation (holding Company) — Q1 2025 Earnings Presentation

14 slides from Oshkosh Corporation (holding Company)'s earnings presentation, Apr 30, 2025

  1. Slide 1: Oshkosh Corporation First Quarter 2025

    Oshkosh Corporation First Quarter 2025 April 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: Q1 highlights

    Q1 highlights Q1 Performance  Adj. EPS* of $1.92 -- in line with $2.54 expectations $2.31 $2.89  Adj. operating margin* of 8.3% on -9.1% revenue of $2.3 billion $1.92  Strong momentum in Vocational -33.6% segment continued  Oshkosh remains resilient; believe long-term macro trends remain positiv

  4. Slide 4: Access

    Access  Solid Q1 results with adj. OI margin* of JLG Electric Scissor Lift 11.3%  Backlog remains healthy at $1.8 billion  Relocated AWP assembly to Italy following EU duties on imports from China  Positive customer response to new micro- sized scissor lift announced at ARA in February  Further

  5. Slide 5: Vocational

    Vocational Pierce booth at 2025 FDIC show  Strong Q1 revenue growth of 12.2% drove adj. OI margin* of 14.9%  Backlog of $6.3 billion continues to provide excellent visibility  Focused on increasing capacity to support customers and reduce lead times  Success of Pierce Volterra led to multi-year

  6. Slide 6: Defense

    Defense  Operating income impacted by lower Oshkosh DXPV for Dutch Marine Corps volume and unfavorable CCA  Continuing ramp-up of NGDV; achieved Q1 customer plans for deliveries  On target for full rate production of NGDV by year end 2025  Received orders for PLS A2 autonomy-ready vehicles and F

  7. Slide 7: Consolidated results

    Consolidated results Dollars in millions, except per share amounts Three months ended March 31 2025 2024 Q1 comments Net Sales $ 2,312.8 $ 2,543.8  Sales impacted by: % Change (9.1)% 12.2% − Lower Access volume + Improved pricing in Vocational Adjusted operating income* $ 191.8 $ 275.3 % Change (30

  8. Slide 8: Updated 2025 Outlook

    Updated 2025 Outlook  Remain confident in fundamentals and Oshkosh AeroTech Passenger Boarding Bridge operational strengths  Without recent tariff-induced macro environment, full year adj. EPS* outlook would continue to be in range of ~$11.00  Net direct negative impact from announced tariffs of

  9. Slide 9: Contacts

    Contacts: IMT Telescopic Cranes at Work Truck Week 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 First Quarter 2025 Earnings Call April 30, 2025 9

  10. Slide 10: Appendix: Access

    Appendix: Access Q1 comments Dollars in millions  Sales impacted by: Three months ended March 31 2025 2024 − Lower North America volume Net Sales $ 957.1 $ 1,237.5 − Higher sales discounts % Change (22.7)% 3.7% + AUSA sales volume Adjusted operating income* $ 107.8 $ 210.4  Adjusted operating inco

  11. Slide 11: Appendix: Vocational

    Appendix: Vocational Q1 comments Dollars in millions  Sales impacted by: Three months ended March 31 2025 2024 + Higher RCV sales volume Net Sales $ 866.8 $ 772.4 + Improved pricing % Change 12.2% 37.3%  Adjusted operating income* Adjusted operating income* $ 128.8 $ 92.1 impacted by: % Change 39.

  12. Slide 12: Appendix: Defense

    Appendix: Defense Q1 comments Dollars in millions  Sales impacted by: Three months ended March 31 2025 2024 − Lower TWV sales Net Sales $ 463.0 $ 509.1 + NGDV volume % Change (9.1)% 3.3%  Operating income impacted by: Operating Income $ 0.6 $ 13.3 − Lower sales volume % Change (95.5)% 358.6% − Unf

  13. Slide 13: 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): First Quarter 2025 Earnings Call April 30, 2025 13

  14. Slide 14: Commonly used acronyms

    Appendix: Commonly used acronyms ARFF Aircraft Rescue and Firefighting IMT Iowa Mold Tooling Co., Inc. AWP Aerial Work Platform IRC Independent Rental Company AMPS Aftermarket Parts & Service JLTV Joint Light Tactical Vehicle APAC Asia Pacific JPO Joint Program Office ASC Accounting Standards Codifi

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