OSK · Oshkosh Q2 FY2026 earnings call record财报电话会记录

“We now expect full-year access segment revenue to grow compared to 2025, an improvement from our original expectation for a modest decline.”

“Large infrastructure investments and mega projects remain important sources of demand, our newest products, including micro-sized scissor lift and ClearSky Smart Fleet connected technologies, continue to resonate with customers.”

“and international customers, including a $142 million order for the FMTV A2 program and a $92 million order supporting the United States Marine Corps ROGUE-Fires platform, which combines next generation autonomy with the protection, mobility, speed, and off-road capability Marines rely on in harsh environments.”

“Adjusted operating income was $258 million, down from $313 million in the prior year, primarily due to unfavorable mix and higher manufacturing overhead costs, which in part continues to reflect our investments for future production, partially offset by higher sales volume.”

“During the quarter, we repurchased approximately 667,000 shares of our stock for $92 million.”

“Transport segment sales increased $57 million or 12% to $536 million in the quarter, primarily due to higher sales volume.”

“Delivery vehicle revenue grew by $155 million-$262 million, more than offsetting the decrease in defense volume.”

“We still expect free cash flow of $550 million-$650 million unchanged from our prior guidance.”

“Across Oshkosh, we continue to invest in technologies that make a difference to the everyday hero doing essential work in communities and create enduring value for customers.”

“Just how much can we think of the incremental profitability from the higher volume?”

“I think you talked to Jerry about 28 in Access, but just curious how confident we can be at this point that this transport segment still has double-digit margin potential.”

“Just would be helpful to hear a little bit of color on the updated Vocational outlook relative to your, I guess, last quarter expectations, where you had effectively taken out $100 million-$200 million from the initial top line guide and then guided the margins to, I'd say, about 16%-17%.”