Oshkosh Corp. (OSK) Tops Q2 EPS by 2c; Reaffirms

Oshkosh Corp. (NYSE: OSK) reported Q2 EPS of $0.81, $0.02 better than the analyst estimate of $0.79. Revenue for the quarter came in at $1.55 billion versus the consensus estimate of $1.52 billion.

Oshkosh Corp. reaffirms FY2015 EPS of $4.00-$4.25, versus the consensus of $3.98.

“Our team performed well in the quarter as we managed through a previously announced break in production under the Family of Heavy Tactical Vehicle (FHTV) program in our defense segment, foreign currency headwinds and severe weather conditions in the Northeast U.S. to deliver adjusted earnings per share in line with our expectations and slightly above the prior year quarter adjusted earnings per share,” said Charles L. Szews, Oshkosh Corporation chief executive officer. “Sales and operating income were higher in each of our non-defense segments, reflecting the continued recovery of those markets and the execution of our MOVE strategy. The improved operating results in our non-defense segments helped to mitigate much of the impact of significantly lower defense segment sales and earnings.

“We expect to deliver strong second half results as we enter the seasonally busy construction season, resume FHTV sales in the fourth quarter, and continue to execute our MOVE strategy,” added Szews. “Our solid first half performance and positive outlook for the second half of the fiscal year give us confidence in sustaining our fiscal 2015 full year adjusted1 earnings per share estimate range of $4.00 - $4.25.”

For earnings history and earnings-related data on Oshkosh Corp. (OSK) click here.

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