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Oshkosh Corporation Lands A $142 Million FMTV A2 Order — Defense Momentum Builds!

The Oshkosh Corporation reported second quarter 2026 consolidated sales of $2.9 billion, representing a 6.7% increase year-over-year, driven by improved sales volume and pricing. Adjusted earnings per share (EPS) reached $2.87 for the quarter. Free cash flow notably improved to $348 million from $49 million in the previous year, attributed to effective working capital management and increased customer advances. The company repurchased approximately 667,000 shares during the quarter for $92 million. By segment, Access sales rose 9.4% to $1.4 billion, supported by strong demand from large infrastructure and mega projects as well as new products such as Micro-size Scissors and ClearSky Smart Fleet technologies. Orders were robust at $1.5 billion, resulting in a book-to-bill ratio of 1.1 and a backlog of $2 billion. However, adjusted operating income margin at 11.3% was lower than the prior year due to unfavorable product and customer mix and tariff-related costs.