Oshkosh Raises FY2025 Adj EPS Guidance from $10.50 to $11.00 vs $10.27 Est; Affirms FY2025 Sales Guidance of $10.600B vs $10.314B Est

2025 Expectations

The Company expects its 2025 diluted earnings per share to be approximately $10.25 and its adjusted1 earnings per share to be approximately $11.00. The Company continues to expect net sales of approximately $10.6 billion.

The international trade environment remains dynamic and difficult to predict. The Company's revised estimates reflect a more limited impact of tariffs compared to last quarter due to pauses and revisions to tariff rates and the Company's performance in the second quarter. The adjusted earnings per share guidance is consistent with the Company's original January outlook as anticipated tariff impacts are expected to be offset by company-wide cost reduction actions. The Company's estimates include direct impacts of tariffs based on rates as of July 30 and do not reflect potential future indirect impacts, including weaker macroeconomic conditions, which are difficult to predict at this time.