US Stock Alert: Oshkosh plunged on October 29 due to missed Q3 expectations, lowered guidance, and reduced fire truck production

Oshkosh October 29: Sharp Decline Analysis

Keywords: Q3 miss, guidance downgrade, fire truck production reduction

1. On October 29, the company disclosed its third quarter 2026 results: adjusted earnings per share were $2.41, below analyst expectations of approximately $3.01—$3.11; net sales were $2.84 billion, lower than the expected $2.92—$2.94 billion, although they increased by 5.7% year-on-year.

2. On October 29, the company lowered its full-year 2026 guidance: adjusted earnings per share were revised from $11 down to $8.50—$9.50, GAAP earnings per share from $10.50 down to $8.00—$9.00, and net sales from $11.2 billion down to approximately $11 billion, all below market expectations.

3. On October 29, the company stated that the transformation of fire truck production led to a slower-than-expected increase in output, sales of municipal fire equipment declined, the Vocational and Transport divisions performed weakly, operating profit margin dropped from 9.7% to 6.9%, and adjusted operating profit fell 20.9%.

(Disclaimer: This content is generated based on publicly available information collected by AI technology for reference only and does not constitute investment advice.)