Oshkosh Corporation (holding Company) · NYSE:OSK
Oshkosh Corporation (holding Company) — Q2 2025 Earnings Presentation
18 slides from Oshkosh Corporation (holding Company)'s earnings presentation, Aug 1, 2025
Slide 1: Q2 2025 Earnings Update
Q2 2025 EARNINGS UPDATE | AUGUST 1, 2025 SECOND 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: 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 4: Q2 consolidated results
Q2 consolidated results REVENUE ADJ. OPERATING ADJ. OI MARGIN* ADJ. EPS* (in billions) INCOME* (in millions) $3.34 $3.41 $2.85 (in millions) 11.5% 11.5% $2.73 $328.2 $312.9 2024 2025 2024 2025 2024 2025 2024 2025 * Non-GAAP results. See appendix for reconciliation to GAAP results. SECOND QUARTER 202
Slide 5: 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 6: Q2 highlights
Q2 highlights INVESTOR DAY FMTV A2 CONTRACT The Company shared 2028 targets and strategic updates on June 5. Oshkosh Defense completed an agreement in June with the Image courtesy of NYSE Group. © 2025 NYSE Group, Inc. All rights reserved. U.S. Army for a 3-year, sole-source contract with improved N
Slide 7: Q2 highlights
Q2 highlights MICRO-SIZED SCISSOR LIFT PIERCE TO KC JLG launched its new line of micro-sized scissor lifts targeting the Progressively expanding fire apparatus capacity; Pierce delivered data center market with plans to expand the product line. 13 custom pumpers and two aerial units for Kansas City,
Slide 8: Consolidated results
Consolidated results Dollars in millions, except per share amounts Q2 COMMENTS Three months ended June 30 2025 2024 Sales impacted by: Net Sales $2,732.1 $2,846.9 − Access and Transport sales volume % Change (4.0)% 18.0% + Vocational sales volume Adjusted operating income* $312.9 $328.2 + Pricing %
Slide 9: Segment highlights
Segment highlights Access Segment Vocational Segment Transport Segment $1,256M $970M $479M REVENUE REVENUE REVENUE 14.8% 16.3% 3.7% ADJUSTED OI MARGIN* ADJUSTED OI MARGIN* OI MARGIN * Non-GAAP results. See appendix for reconciliation to GAAP results. SECOND QUARTER 2025 EARNINGS CALL | 9
Slide 10: Updated 2025 outlook
Updated 2025 outlook EXPECTATIONS IN THE RANGE OF: Segment information • Revenues of ~$10.6 billion • Adj. operating income* of ~$1.05 billion Access Vocational Transport • Adjusted EPS* of ~$11.00 ADDITIONAL EXPECTATIONS Sales ~$4.4 ~$3.8 ~$2.3 (billions) • Corporate and other* of ~$185 million • T
Slide 11: Contact info
Oshkosh AeroTech Passenger Boarding Bridge Contact info: 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 SECOND QUARTER 2025 EARNINGS CALL | 11
Slide 12: Appendix
Appendix
Slide 13: Access
Access Q2 COMMENTS Dollars in millions Sales impacted by: − Expiration of CAT agreement Three months ended June 30 2025 2024 − European sales volume Net Sales $1,256.0 $1,406.9 − Sales discounts % Change (10.7)% 5.9% + AUSA sales volume Adjusted operating income* $185.7 $248.8 Adjusted operating inc
Slide 14: Vocational
Vocational Q2 COMMENTS Dollars in millions Sales impacted by: + Sales volume Three months ended June 30 2025 2024 + Pricing Net Sales $969.7 $843.1 Adjusted operating income* % Change 15.0% 43.5% impacted by: Adjusted operating income* $157.9 $118.5 + Price/cost dynamics + Sales volume % Change 33.2
Slide 15: Transport
Transport Q2 COMMENTS Dollars in millions Sales impacted by: − Wind-down of domestic JLTV Three months ended June 30 2025 2024 + NGDV ramp-up Net Sales $479.1 $571.9 + International TWV sales % Change (16.2)% 20.8% Operating income impacted by: Operating income $17.8 $11.9 + Pricing % Change 49.6% 2
Slide 16: 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 June 30, 2025 Three Months Ended June 30, 2024 Access segment op
Slide 17: 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 Expectations 2025 Expectations Access segment operating income margin (GAAP) 1
Slide 18: Commonly used acronyms
Commonly used acronyms ARFF Aircraft Rescue and Firefighting FHTV Family of Heavy Tactical Vehicles OH Overhead AWP Aerial Work Platform FMS Foreign Military Sales OI Operating Income AMPS Aftermarket Parts & Service FMTV Family of Medium Tactical Vehicles OPEB Other Post-Employment Benefits APAC As
Oshkosh Corporation (Holding Company)Common Stock — Q2 2025 Earnings Presentation on 6ix