Oshkosh Corporation (NYSE:OSK) Q2 2023 Earnings Conference Call August 1, 2023 9:30 AM ET
Company Participants
Patrick Davidson - SVP, IR
John Pfeifer - President, CEO & Director
Michael Pack - EVP & CFO
Conference Call Participants
Tami Zakaria - JPMorgan Chase & Co.
Mircea Dobre - Robert W. Baird & Co.
Stephen Volkmann - Jefferies
Timothy Thein - Citigroup
Steven Fisher - UBS
Seth Weber - Wells Fargo Securities
Jerry Revich - Goldman Sachs Group
David Raso - Evercore ISI
Nicole DeBlase - Deutsche Bank
Robert Barger - KeyBanc Capital Markets
Operator
Greetings, and welcome to the Oshkosh Corporation Fiscal 2023 Second Quarter Results Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Pat Davidson, Senior Vice President of Investor Relations for Oshkosh Corporation. Thank you. You may begin.
Patrick Davidson
Good morning, and thanks for joining us. Earlier today, we published our second quarter results. A copy of the release is available on our website at oshkoshcorp.com. Today's call is being webcast and is accompanied by a slide presentation, which includes a reconciliation of GAAP to non-GAAP financial measures that we will use during this call and is also available on our website. The audio replay and slide presentation will be available on our website for approximately 12 months.
Please refer now to Slide 2 of that presentation. Our remarks that follow, including answers to your questions, contain statements that we believe to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks that could cause actual results to be materially different from those expressed or implied by such forward-looking statements. These risks include, among others, matters that we have described in our Form 8-K filed with the SEC this morning and other filings we make with the SEC.
We disclaim any obligation to update these forward-looking statements, which may not be updated until our next quarterly earnings conference call, if at all. Our presenters today include John Pfeifer, President and Chief Executive Officer; and Mike Pack, Executive Vice President and Chief Financial Officer.
Please turn to Slide 3, and I'll turn it over to you, John.
John Pfeifer
Thank you, Pat, and good morning, everyone. I'm pleased to report another quarter of strong results for Oshkosh Corporation with significant growth in revenue, operating income and adjusted EPS compared to last year. For the second quarter, we grew revenue by 17% and operating income by over 200%, resulting in adjusted EPS of $2.69. These results were notably higher than our expectations entering the second quarter as a result of improving supply chain conditions and the benefit of our actions over the past several quarters to improve our production resiliency in a constrained supply chain environment.