Emerging Technology Intern

Oshkosh navigates Q1 headwinds; affirms bullish outlook for rest of '26. The company's Q1 sales remained flat at $2.32 billion amid weather-related disruptions and market shifts, with net income decreasing but full-year guidance intact, driven by growth in vocational and transportation segments May 11, 2026 Key highlights. * Oshkosh's Q1 sales were flat at $2.32 billion, with net income dropping to $43.1 million from $112.2 million year-over-year. * Weather disruptions impacted delivery schedules, especially in the fire truck business, though demand remains solid with a backlog and healthy book-to-bill ratio. * The Vocational segment saw a 4.8% sales decline, primarily due to lower refuse vehicle volumes, but fire truck capacity is being expanded with a $150 million investment. * Transportation segment experienced a 10.8% sales increase, driven by NGDV production for USPS, with margins expected to improve in the latter half of the year. * Oshkosh is implementing cost-reduction measures and leveraging strategic contracts to offset macroeconomic pressures and stay on track for its 2028 strategic goals. Oshkosh Corporation on May 8 reported relatively flat consolidated sales of $2.32 billion for the first quarter of 2026, as the company balanced strategic production ramps against significant weather−related disruptions and shifting market dynamics. While net income saw a decrease to $43.1 million compared to $112.2 in Q1 the previous year, management has maintained its full-year adjusted earnings guidance, citing a heavily back-half weighted growth trajectory driven by the Vocational and Transportation segments. Vocational segment: weathering the storm. The Vocational segment, a cornerstone of Oshkosh's portfolio, reported a 4.8 percent decrease in sales to $825 million. Operating income for the segment fell 28.1 percent to $84.7 million, primarily due to lower sales volumes in refuse vehicles and unfavorable products mix. Refuse vehicle volumes dropped approximately 25 percent in Q1, a trend expected to persist with a projected 25 to 30 percent decline for the full year due to cautious customer capital expenditure. Despite these hurdles, the fire truck business remains a primary growth engine. While production throughput increased by 10 percent year-over-year, actual deliveries fell below expectations due to widespread weather and travel disruptions that prevented customers from performing final inspections. CEO John Pfeifer emphasized that this is a timing issue rather than a demand problem, noting a robust backlog with a book-to-bill ratio near one. "Importantly, demand across our segments remains solid and we have good visibility for the remainder of the year," he said. To meet this demand, Oshkosh is executing a $150 million investment plan to expand fire truck capacity, with the majority of improvements slated for completion by year-end Consequently, management expects sequential increases in fire truck shipments throughout the remainder of 2026. Transportation segment: NGDV delivers. The Transportation segment emerged as a highlight for the quarter, with sales increasing 10.8 percent to $512.8 million. This growth was spearheaded by the ramp-up of the Next Generation Delivery Vehicle (NGDV) production for the United States Postal Service (USPS). For the full year, Oshkosh expects an NGDV production run rate at the low end of 16,000 to 20,000 units, closely aligned with USPS delivery schedules. Operating income in the Transport segment rose to $4.2 million, up from $0.6 million in the prior year, bolstered by higher volumes and fewer adverse cumulative catch-up adjustments. Looking ahead, the segment is poised for a significant margin boost in the second half of the year as the new Family of Medium Tactical Vehicles (FMTV) contract begins, featuring materially higher pricing and improved margins. Strategic outlook, operational efficiency. While the Access segment faced a challenging quarter with operating income down 66.3 percent, the underlying demand remains "solid," evidenced by a strong book-to-bill ratio of 1.6. Large-scale "megaprojects," such as data centers and power generation, continue to drive orders. To mitigate macroeconomic pressures, Oshkosh is leveraging the Advanced Import Payments Adjustment (AIPA), recording a $13.5 million refund accrual in Q1 to offset Section 232 tariff impacts. Management expects price/cost dynamics to remain neutral for the full year, with more significant benefits realized after Q2 as cost-reduction measures and new contract pricing take full effect. With "a lot of that within our control," as Pfeifer noted in a conference call with analysts, Oshkosh remains confident in its ability to deliver on its ambitious 2028 strategic targets. This piece was created with the help of generative AI tools and edited by its content team for clarity and accuracy. Editor. Kevin has served as editor-in-chief of Trailer/Body Builders magazine since 2017 - just the third editor in the magazine's 60 years. He is also editorial director for Endeavor Business Media's Commercial Vehicle group, which includes FleetOwner, Bulk Transporter, Refrigerated Transporter, American Trucker, and Fleet Maintenance magazines and websites. Working from Beaufort, S.C., Kevin has covered trucking and manufacturing for nearly 20 years. His writing and commentary about the trucking industry and, previously, business and government, has been recognized with numerous state, regional, and national journalism awards. Trailer Body Builders Survey Aluminum supply & costs: how is your company responding? The Middle East conflict is shaking up aluminum markets. Tell Trailer/Body Builders how it's affecting your sourcing and costs.

Oshkosh Corporation named a 2026 CIO 100 Award winner for eighth consecutive year. OSHKOSH, Wis. (March 30, 2026) - Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles, equipment and services, has been named a recipient of Foundry's 2026 CIO 100 Awards. This marks the eighth consecutive year the company has been recognized with this award for information technology excellence. Oshkosh is among 100 leading organizations that leverage digital innovation to drive business value. Honorees are selected for implementing technology strategies that create competitive advantage, optimize business processes, enable growth or enhance customer experience, setting them apart in their industries. "Our focus on delivering business value through data, AI and digital innovation is transforming how we operate and serve our customers. Being recognized for the eighth consecutive year underscores the consistency of our impact and the strength of our digital technology team," said Anupam Khare, senior vice president and chief information officer, Oshkosh Corporation. In addition to receiving the CIO 100 Award, Oshkosh recently was named to Computerworld's Best Places to Work in IT and was also recognized as one of the 2026 World's Most Ethical Companies(R) by Ethisphere. To learn more about Oshkosh Corporation visit oshkoshcorp.com. About Oshkosh Corporation At Oshkosh (NYSE: OSK), Oshkosh Corp. make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people's lives. Oshkosh products can be found in more than 150 countries under the brands of JLG(R), Pierce(R), MAXIMETAL, Oshkosh(R) S-Series(TM), Oshkosh(R) Defense, McNeilus(R), IMT(R), Jerr-Dan(R), Frontline(TM) Communications, Oshkosh(R) Airport Products, Oshkosh AeroTech(TM) and Pratt Miller. For more information, visit oshkoshcorp.com.