Oshkosh reports Q3 EPS of $3.04 vs. $2.20 FactSet consensus; revs +21% yr/yr to $2.51 bln vs. $2.47 bln FactSet consensus (86.86)
- Co raises to FY23 EPS of $9.50 from $8.00 vs. $8.16 FactSet consensus; revs $9.65 bln from $9.5 bln vs. $9.53 bln FactSet consensus
- Access - Access segment sales for the third quarter of fiscal 2023 increased 27.0 percent to $1.32 billion as a result of improved sales volume, higher pricing in response to higher input costs and the inclusion of sales of $19.0 million related to the Hinowa acquisition.
- Access segment operating income in the third quarter of fiscal 2023 increased 93.5 percent to $229.9 million, or 17.4 percent of sales, compared to $118.8 million, or 11.4 percent of sales, in the third quarter of fiscal 2022. The increase was primarily due to higher sales volume, improved price/cost dynamics and improved product mix, offset in part by higher incentive compensation costs and increased operating expenses to support the higher sales levels.