Oshkosh Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

[email protected] (Simply Wall St)
1 min read

In This Article:

Oshkosh (NYSE:OSK) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$2.74b (up 9.2% from 3Q 2023).

  • Net income: US$180.3m (down 1.9% from 3Q 2023).

  • Profit margin: 6.6% (down from 7.3% in 3Q 2023). The decrease in margin was driven by higher expenses.

  • EPS: US$2.76 (down from US$2.81 in 3Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Oshkosh Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.0% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are down 3.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Oshkosh that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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