Oshkosh Corporation (NYSE: OSK), a global leader in purpose-built vehicles and equipment, outlined its long-term growth strategy and ambitious 2028 financial targets during its Investor Day held at the New York Stock Exchange.
CEO John Pfeifer emphasized the company’s commitment to innovation and disciplined execution under the banner of its “Innovate. Serve. Advance.” strategy. Oshkosh aims to deliver meaningful value to customers and shareholders by leveraging its technology-driven product portfolio and strong market demand.
The company announced its 2028 consolidated financial goals, including projected revenue between $13 billion and $14 billion, an adjusted operating income margin of 12%–14%, and adjusted earnings per share (EPS) of $18 to $22. It also aims to maintain over 90% free cash flow conversion throughout the business cycle.
Oshkosh’s growth outlook is backed by a strong order backlog of $14.6 billion as of March 31, with roughly half of the targeted revenue growth already supported by existing multi-year contracts in its Vocational and Transport segments.
The company is also pursuing transformative margin expansion, driven by operational efficiencies, AI-powered automation, and the introduction of new products in its Transport segment. Updated sole-source contracts are also expected to contribute to improved profitability.
Oshkosh continues to diversify and strengthen its portfolio, aiming for balanced earnings across segments. By 2028, the Vocational segment is expected to contribute equally to adjusted operating income alongside the Access segment. Its delivery vehicle business is expanding, and improved defense margins—now reflected under the renamed Transport segment—are anticipated through new pricing models.
After a period of significant investment in innovation and capital assets, Oshkosh plans to generate substantial free cash flow. The company intends to maintain a disciplined approach to capital allocation, reinvesting in core operations while returning value to shareholders through dividends and share buybacks. As of March 31, Oshkosh had 9.9 million shares authorized for repurchase.
Headquartered in Wisconsin and employing over 18,000 people globally, Oshkosh remains focused on supporting everyday heroes and advancing communities through purpose-built, innovative solutions.
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News Source: Finance.Yahoo.com
