OSK

EX-99.1

2 osk-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

O S H K O S H C O R P O R A T I O N

For more information, contact:

Financial:

Patrick Davidson

Senior Vice President, Investor Relations

920.502.3266

Media:

Bryan Brandt

Senior Vice President, Chief Marketing Officer

920.502.3670

Oshkosh Corporation Reports 2026 Second Quarter Results

Reports Second Quarter Sales of $2.92 billion, up 6.7 Percent

Reports Second Quarter Earnings per Share of $2.92 and Adjusted1 Earnings per Share of $2.87

Updates Outlook for 2026 Earnings per Share to Approximately $10.50 and Adjusted1 Earnings per Share to Approximately $11.00

OSHKOSH, Wis. (July 28, 2026) – Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, today reported 2026 second quarter net income of $183.2 million, or $2.92 per diluted share, compared to net income of $204.8 million, or $3.16 per diluted share, for the second quarter of 2025. Adjusted1 net income was $180.1 million, or $2.87 per diluted share, for the second quarter of 2026 compared to $220.6 million, or $3.41 per diluted share, for the second quarter of 2025. Comparisons in this news release are to the second quarter of 2025, unless otherwise noted.

Consolidated sales in the second quarter of 2026 increased $183.0 million, or 6.7 percent, to $2.92 billion primarily due to higher sales volume and improved pricing.

Consolidated operating income in the second quarter of 2026 decreased 16.6 percent to $243.2 million, or 8.3 percent of sales, compared to $291.7 million, or 10.7 percent of sales, in the second quarter of 2025. The decrease was primarily due to unfavorable sales mix and higher manufacturing overhead costs, offset in part by higher sales volume.

Adjusted1 operating income in the second quarter of 2026 decreased 17.7 percent to $257.6 million, or 8.8 percent of sales, compared to $312.9 million, or 11.5 percent of sales, in the second quarter of 2025.

“Our second quarter earnings per share reflects the dedication of our team members and the strength of our innovative, purpose-built products,” said John Pfeifer, president and chief executive officer of Oshkosh Corporation. “We are seeing strong demand for access equipment highlighted by robust orders of $1.5 billion. We remain focused on ramping-up Next Generation Delivery Vehicle (NGDV) production and modernizing legacy manufacturing processes in our Vocational segment.

Oshkosh Corporation Reports Results for 2026 Second Quarter

July 28, 2026

Page 2

“We are continuing actions to transform our fire truck manufacturing operations and expand production to better serve strong customer demand and support long-term growth. As we implement new material flow processes we anticipate a more gradual improvement in fire truck throughput than we previously expected. Accordingly, we are updating our full-year adjusted earnings per share outlook to approximately $11.00.

“Across the company, we believe our Innovate. Serve. Advance. strategy continues to strengthen our competitive position through investments in differentiated products, advanced technologies and manufacturing capabilities,” added Pfeifer.

Factors affecting second quarter results for the Company’s business segments included:

Access - Access segment sales for the second quarter of 2026 increased $117.8 million, or 9.4 percent, to $1.37 billion primarily due to higher sales volume and improved pricing.

Access segment operating income in the second quarter of 2026 decreased 16.5 percent to $151.6 million, or 11.0 percent of sales, compared to $181.6 million, or 14.5 percent of sales, in the second quarter of 2025. The decrease was primarily due to adverse sales mix, adverse price/cost dynamics, higher litigation reserves, higher selling, general and administrative expenses and higher new product development spending, offset in part by higher sales volume.

Adjusted1 operating income in the second quarter of 2026 was $155.8 million, or 11.3 percent of sales, compared to $185.7 million, or 14.8 percent of sales, in the second quarter of 2025.

Vocational - Vocational segment sales for the second quarter of 2026 were relatively flat at $966.8 million, as lower sales volume, primarily related to lower refuse and recycling vehicle shipments, more than offset improved pricing.

Vocational segment operating income in the second quarter of 2026 decreased 17.8 percent to $121.1 million, or 12.5 percent of sales, compared to $147.3 million, or 15.2 percent of sales, in the second quarter of 2025. The decrease was primarily due to adverse sales mix, higher manufacturing overhead costs and lower sales volume, offset in part by improved price/cost dynamics and lower incentive compensation accruals.

Adjusted1 operating income in the second quarter of 2026 was $130.5 million, or 13.5 percent of sales, compared to $157.9 million, or 16.3 percent of sales, in the second quarter of 2025.

Transport - Transport segment sales for the secon

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