Oshkosh Posts $138.4 Million in Third-Quarter 2026 Net Income
Key Facts
Oshkosh reported net income of $138.4 million in the third quarter of 2026, compared with $196.2 million in the same period of 2025. The company said in an earnings release published via Business Wire that diluted earnings per share were $2.22, versus $3.04 a year earlier. The year-over-year comparison shows declines in net income and earnings per share during the quarter. Adjusted net income was $150.1 million, or $2.41 per diluted share. Adjusted net income was $206.6 million, and adjusted earnings per share were $3.20, in the third quarter of 2025.
In the market, the company’s shares, which trade under the ticker OSK, closed at $137.93 on October 28, 2026, according to EL7 data. The closing price provides a documented reading of the stock’s level that day. The available price data do not include the session high or low. It therefore cannot be used to describe the day’s trading range. This reading comes as the company reports a year-over-year decline in net income and earnings per share, while the available data do not specify the stock’s response to the results.
Oshkosh previously reported net income of $183.2 million in the second quarter of 2026, compared with $204.8 million in the second quarter of 2025. In that quarter, consolidated sales rose 6.7% year over year to $2.92 billion. The company attributed the sales growth mainly to higher sales volume and improved pricing. Those results show that quarterly sales growth in the second quarter coincided with a year-over-year decline in net income. The company’s third-quarter figures record another year-over-year decline in net income, while the available evidence provides no details on sales or the reasons for the change in earnings during the quarter.
In the first-quarter 2026 results, consolidated operating income fell 53.2% to $82 million. The company attributed the decline mainly to an unfavorable sales mix, higher manufacturing overhead costs and lower sales volume. The CEO at the time said fire truck deliveries came in below the company’s expectations, partly because of weather and travel disruptions, and described demand across the company’s segments as solid. In the second quarter, he said demand for access equipment was strong, citing orders worth $1.5 billion. He also said fire truck production would improve gradually and more slowly than before; these are statements from earlier periods and do not identify the reasons for the third-quarter results.
The company’s net income in the third quarter of 2025 was $196.2 million, up from $180.3 million in the third quarter of 2024. But consolidated sales in that quarter fell 1.9% to $2.69 billion, mainly because of lower sales volume in the access equipment segment. The CEO said in the 2025 earnings release that performance was underpinned by cost discipline and that end-market demand for products remained strong despite the near-term economic environment. He added that the company’s combined backlog provided a strong foundation going forward. In its second-quarter 2026 results, the company revised its full-year adjusted earnings-per-share outlook to about $11; the available evidence contains no subsequent update to that forecast.