OSHKOSH CORPORATION CONSOLIDATED STATEMENTS OF INCOME (Dollars in millions, except per share amounts)
Year Ended December 31,
2025
2024
2023
Net sales
$ 10,422.3 $ 10,730.2 $
9,657.9 7,977.1 1,680.8
Cost of sales
8,603.3 1,819.0
8,760.8 1,969.4
Gross income
Operating expenses: Selling, general and administrative Amortization of purchased intangibles
818.7
852.4
810.4
55.1
54.7 51.6
32.8
Intangible asset impairments Total operating expenses
5.7
—
879.5 939.5
958.7
843.2 837.6
Operating income
1,010.7
Other income (expense): Interest expense
(117.6)
(119.5)
(68.6)
Interest income Miscellaneous, net
8.7
7.6 4.2
14.8 13.8
11.4
Income before income taxes and losses of unconsolidated affiliates
842.0 191.5 650.5
903.0 210.0 693.0 (11.6)
797.6 190.0 607.6
Provision for income taxes
Income before losses of unconsolidated affiliates
Losses of unconsolidated affiliates
(3.5)
(9.6)
Net income
$
647.0 $
681.4 $
598.0
Earnings per share: Basic
$
10.08 $
10.41 $
9.15 9.08
Diluted
10.02
10.35
The accompanying notes are an integral part of these financial statements.
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