Oshkosh Corporation lowered its full-year adjusted earnings per share outlook to approximately $11, down from its prior $11.50 estimate, as manufacturing process changes at its Pierce fire truck unit will result in fewer shipments this year. CEO John Pfeifer said the company now expects to produce and ship fewer fire trucks in 2026 than previously planned, with the slower throughput improvement reducing earnings expectations by about $0.50. The company reported second-quarter consolidated sales of $2.9 billion and adjusted earnings per share of $2.87, while free cash flow was $348 million and it repurchased approximately 667,000 shares for $92 million. Management kept its full-year free cash flow guidance unchanged at $550 million to $650 million and pointed to a fourth-quarter-weighted earnings profile driven by fire truck production, increased NGDV output, revised defense contracts, and an anticipated additional NGDV order. Pfeifer emphasized that the operational transformation at Pierce is intended to strengthen performance in 2027 and 2028, and the company remains confident in achieving its 2028 financial targets.
Oshkosh CorporationOshkosh lowered full-year adjusted EPS guidance due to slower fire truck throughput
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