NYSE:OSKMachinery
Oshkosh (OSK) Stock Faces Margin Squeeze After Lowered EPS Outlook
Oshkosh stock slipped about 1.6% to US$152.50 today, even as the latest quarter showed the kind of earnings power that tends to matter more over a multi year horizon than over a single trading session. The company delivered Q2 adjusted EPS of roughly US$2.87 on sales of about US$2.9b, which is a solid haul for a cyclical machinery player.
The headline this quarter is not the revenue line. It is the choice to trim full year EPS guidance to about US$11 while keeping free cash flow guidance...