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OSHKOSH, Wis.--(BUSINESS WIRE)--Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, today reported 2026 first quarter net income of $43.1 million, or $0.68 per diluted share, compared to net income of $112.2 million, or $1.72 per diluted share, for the first quarter of 2025. Adjusted1 net income was $53.8 million, or $0.85 per diluted share, for the first quarter of 2026 compared to $124.8 million, or $1.92 per diluted share, for the first quarter of 2025. Comparisons in this news release are to the first quarter of 2025, unless otherwise noted.

Consolidated sales in the first quarter of 2026 were relatively flat at $2.32 billion, as pricing, currency and the impact of cumulative catch-up adjustments offset lower sales volume.

Consolidated operating income in the first quarter of 2026 decreased 53.2 percent to $82.0 million, or 3.5 percent of sales, compared to $175.4 million, or 7.6 percent of sales, in the first quarter of 2025. The decrease was primarily due to unfavorable sales mix, higher manufacturing overhead costs and lower sales volume.

Adjusted1 operating income in the first quarter of 2026 decreased 49.8 percent to $96.3 million, or 4.2 percent of sales, compared to $191.8 million, or 8.3 percent of sales, in the first quarter of 2025.

“We delivered first quarter adjusted earnings per share of $0.85 reflecting lower results in our Access and Vocational segments compared with last year,” said John Pfeifer, president and chief executive officer of Oshkosh Corporation. “While fire truck production improved year-over-year, deliveries were below our expectations, driven in part by weather- and travel-related disruptions.

"In Access, lower results reflected adverse sales mix and unfavorable price-cost dynamics. We saw strong order activity and solid demand in the segment, supported by mega projects, including data center-related construction. Our Transport segment performed in line with our expectations as we continue to ramp NGDV production and execute on our defense portfolio.

“Importantly, demand across our segments remains solid and we have good visibility for the remainder of the year. We are maintaining our full-year expectation of adjusted earnings per share in the range of $11.50,” added Pfeifer.

Factors affecting first quarter results for the Company’s business segments included:

Access - Access segment sales for the first quarter of 2026 decreased $13.7 million, or 1.4 percent, to $943.4 million primarily due to lower sales volume, offset in part by favorable currency.

Access segment operating income in the first quarter of 2026 decreased 66.3 percent to $34.7 million, or 3.7 percent of sales, compared to $103.1 million, or 10.8 percent of sales, in the first quarter of 2025. The decrease was primarily due to adverse sales mix, adverse price/cost dynamics and lower sales volume.

Adjusted1 operating income in the first quarter of 2026 was $38.8 million, or 4.1 percent of sales, compared to $107.8 million, or 11.3 percent of sales, in the first quarter of 2025.

Vocational - Vocational segment sales for the first quarter of 2026 decreased $41.8 million, or 4.8 percent, to $825.0 million as lower sales volume was offset in part by improved pricing.

Vocational segment operating income in the first quarter of 2026 decreased 28.1 percent to $84.7 million, or 10.3 percent of sales, compared to $117.8 million, or 13.6 percent of sales, in the first quarter of 2025. The decrease was primarily due to lower sales volume, higher manufacturing overhead costs and adverse sales mix, offset in part by favorable price/cost dynamics.

Adjusted1 operating income in the first quarter of 2026 was $94.1 million, or 11.4 percent of sales, compared to $128.8 million, or 14.9 percent of sales, in the first quarter of 2025.

Transport - Transport segment sales for the first quarter of 2026 increased $49.8 million, or 10.8 percent, to $512.8 million primarily due to higher sales volume and the impact of cumulative catch-up adjustments on contracts. Higher sales volume reflected the ramp-up of Next Generation Delivery Vehicle (NGDV) production for the United States Postal Service, which was offset in part by lower tactical wheeled vehicle and aftermarket sales volume.

Transport segment operating income in the first quarter of 2026 was $4.2 million, or 0.8 percent of sales, compared to $0.6 million, or 0.1 percent of sales, in the first quarter of 2025. The increase was primarily the result of lower adverse cumulative catch-up adjustments and higher sales volume, offset in part by higher manufacturing overhead costs and adverse sales mix.

Corporate and other - Net operating costs for corporate and other in the first quarter of 2026 decreased $4.5 million to $41.6 million primarily due to improvements at Pratt Miller.

Repurchases of Common Stock - The Company repurchased 303,592 shares of common stock in the first quarter of 2026 for $47.3 million. Share repurchases completed during the previous twelve months benefited earnings per share in the first quarter of 2026 by $0.02 compared to the first quarter of 2025.

2026 Expectations

The Company continues to expect its 2026 diluted earnings per share to be in the range of $10.90 and its adjusted1 earnings per share to be in the range of $11.50, on net sales of approximately $11.0 billion.

Dividend Announcement

The Company’s Board of Directors today declared a quarterly cash dividend of $0.57 per share of Common Stock. The dividend will be payable on June 9, 2026 to shareholders of record as of May 26, 2026.

Conference Call

The Company will host a conference call at 9:00 a.m. EDT this morning to discuss its first quarter 2026 results and 2026 expectations. Slides for the call will be available on the Company’s website beginning at 7:00 a.m. EDT this morning. The call will be simultaneously webcast. To access the webcast, go to oshkoshcorp.com at least 15 minutes prior to the event and follow instructions for listening to the webcast. An audio replay of the call and related question and answer session will be available for 12 months at this website.

Forward-Looking Statements

This news release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, growth and drivers, capital allocation, resiliency, targets, projected sales, costs, margins, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project,” “confident” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the cyclical nature of the Company’s access equipment, fire apparatus, refuse and recycling collection and air transportation equipment markets, which are particularly impacted by the strength of U.S. and European economies and construction outlooks; the Company’s estimates of access equipment demand which, among other factors, is influenced by historical customer buying patterns and rental company fleet replacement strategies; the Company's ability to predict the level and timing of orders and costs on the U.S. Postal Service contract; risks that trade wars and related tariffs could further reduce demand for or competitiveness of the Company’s products or cause inefficiencies in the Company's supply chain; the Company’s ability to increase prices to raise margins or to offset higher input costs; the Company's ability to achieve its projected material and manufacturing efficiency savings; the Company's ability to accurately predict future input costs associated with U.S. Department of Defense contracts; the Company’s ability to attract and retain production labor in a timely manner; the Company's ability to increase production rates in its municipal fire apparatus and delivery businesses; the strength of the U.S. dollar and its impact on Company exports, translation of foreign sales and the cost of purchased materials; the impact of severe weather, war, natural disasters or pandemics that may affect the Company, its suppliers or its customers; budget uncertainty for the U.S. federal government, including risks of future budget cuts, the impact of continuing resolution funding mechanisms or a prolonged federal government shutdown; the impact of any U.S. Department of Defense solicitation for competition for future contracts to produce military vehicles; risks related to the collectability of receivables, particularly for those businesses with exposure to construction markets; the cost of any warranty campaigns related to the Company’s products; risks associated with international operations and sales, including compliance with the Foreign Corrupt Practices Act; the Company’s ability to comply with complex laws and regulations applicable to U.S. government contractors; cybersecurity risks and costs of defending against, mitigating and responding to data security threats and breaches impacting the Company; the Company’s ability to successfully identify, complete and integrate acquisitions and to realize the anticipated benefits associated with the same; and risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission, including its most recent Form 10-K. All forward-looking statements speak only as of the date of this news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.

About Oshkosh Corporation

At Oshkosh (NYSE: OSK), we make innovative, purpose-built equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, MAXIMETAL, Oshkosh® S-Series™, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products, Oshkosh AeroTech™, Oshkosh® Defense and Pratt Miller. For more information, visit oshkoshcorp.com.

  OSHKOSH CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(In millions, except share and per share amounts; unaudited)

  Three Months Ended
March 31,

2026

2025

Net sales

$

2,317.8

$

2,312.8

Cost of sales

2,005.9

1,912.9

Gross income

311.9

399.9

Operating expenses:

Selling, general and administrative

215.6

211.0

Amortization of purchased intangibles

14.3

13.5

Total operating expenses

229.9

224.5

Operating income

82.0

175.4

Other income (expense):

Interest expense

(29.8

)

(27.0

)

Interest income

4.5

2.0

Miscellaneous, net

(2.0

)

0.5

Income before income taxes and losses of unconsolidated affiliates

54.7

150.9

Provision for income taxes

10.5

36.8

Income before losses of unconsolidated affiliates

44.2

114.1

Losses of unconsolidated affiliates

(1.1

)

(1.9

)

Net income

$

43.1

$

112.2

Earnings per share:

Basic

$

0.69

$

1.73

Diluted

0.68

1.72

Basic weighted-average shares outstanding

62,824,046

64,796,278

Dilutive equity-based compensation awards

476,875

276,081

Diluted weighted-average shares outstanding

63,300,921

65,072,359

      OSHKOSH CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions; unaudited)

  March 31,

December 31,

2026

2025

Assets

Current assets:

Cash and cash equivalents

$

250.3

$

479.8

Receivables, net

1,503.2

1,456.1

Unbilled receivables, net

698.2

702.7

Inventories

2,515.9

2,375.0

Income taxes receivable

49.8

52.4

Other current assets

89.0

102.5

Total current assets

5,106.4

5,168.5

Property, plant and equipment:

Property, plant and equipment

2,514.0

2,571.7

Accumulated depreciation

(1,265.2

)

(1,300.5

)

Property, plant and equipment, net

1,248.8

1,271.2

Goodwill

1,442.7

1,448.1

Purchased intangible assets, net

718.9

734.8

Deferred income taxes

196.1

201.0

Deferred contract costs

813.4

825.5

Other non-current assets

434.8

423.3

Total assets

$

9,961.1

$

10,072.4

Liabilities and Shareholders’ Equity

Current liabilities:

Revolving credit facilities and current maturities of long-term debt

$

546.2

$

0.6

Accounts payable

992.5

1,074.2

Customer advances

814.8

737.1

Payroll-related obligations

178.3

218.4

Income taxes payable

96.6

141.3

Other current liabilities

497.0

492.8

Total current liabilities

3,125.4

2,664.4

Long-term debt

600.6

1,100.3

Non-current customer advances

1,203.4

1,222.7

Deferred income taxes

24.5

25.7

Other non-current liabilities

540.9

528.8

Commitments and contingencies

Shareholders’ equity

4,466.3

4,530.5

Total liabilities and shareholders’ equity

$

9,961.1

$

10,072.4

      OSHKOSH CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions; unaudited)

  Three Months Ended
March 31,

2026

2025

Operating activities:

Net income

$

43.1

$

112.2

Depreciation and amortization

60.6

53.6

Stock-based incentive compensation

9.7

8.2

Deferred income taxes

4.6

(12.1

)

Other non-cash adjustments

4.8

3.5

Changes in operating assets and liabilities

(283.8

)

(560.3

)

Net cash used in operating activities

(161.0

)

(394.9

)

Investing activities:

Additions to property, plant and equipment

(28.1

)

(40.3

)

Additions to equipment held for rental

(1.5

)

(4.4

)

Proceeds from sale of equipment held for rental

29.6

0.4

Other investing activities

1.1

1.2

Net cash provided by (used in) investing activities

1.1

(43.1

)

Financing activities:

Proceeds from issuance of debt

259.8

1,646.0

Repayments of debt

(214.1

)

(1,130.1

)

Repurchases of Common Stock

(47.3

)

(28.7

)

Dividends paid

(35.6

)

(32.9

)

Other financing activities

(31.3

)

(16.2

)

Net cash provided by (used in) financing activities

(68.5

)

438.1

Effect of exchange rate changes on cash and cash equivalents

(1.1

)

5.3

Increase (decrease) in cash and cash equivalents

(229.5

)

5.4

Cash and cash equivalents at beginning of period

479.8

204.9

Cash and cash equivalents at end of period

$

250.3

$

210.3

      OSHKOSH CORPORATION

SEGMENT INFORMATION

(In millions; unaudited)

  Three Months Ended
March 31,

2026

2025

Net Sales

Access

Aerial work platforms

$

431.0

$

450.8

Telehandlers

208.2

244.5

Other

304.2

261.8

Total Access

943.4

957.1

Vocational

Municipal fire apparatus

331.5

329.8

Airport products

226.6

225.3

Refuse and recycling vehicles

153.7

205.5

Other

113.2

106.2

Total Vocational

825.0

866.8

Transport

Defense

296.2

412.7

Delivery vehicles

216.6

50.3

Total Transport

512.8

463.0

Corporate and other

36.6

25.9

Consolidated

$

2,317.8

$

2,312.8

    Three Months Ended
March 31,

2026

2025

Operating Income (Loss)

Access

$

34.7

$

103.1

Vocational

84.7

117.8

Transport

4.2

0.6

Corporate and other

(41.6

)

(46.1

)

Consolidated

$

82.0

$

175.4

    March 31,

2026

2025

Period-end backlog:

Access

$

1,838.5

$

1,804.8

Vocational

6,627.6

6,340.1

Transport

5,959.0

6,400.6

Corporate and other

111.4

70.1

Consolidated

$

14,536.5

$

14,615.6

    Non-GAAP Financial Measures

The Company reports its financial results in accordance with generally accepted accounting principles in the United States of America (GAAP). The Company is presenting various operating results both on a GAAP basis and on a basis excluding items that affect comparability of results. When the Company excludes certain items as described below, they are considered non-GAAP financial measures. The Company believes excluding the impact of these items is useful to investors in comparing the Company’s performance to prior period results. However, while adjusted operating income, adjusted net income and adjusted earnings per share exclude amortization of purchased intangibles, revenue and earnings of acquired companies are reflected in adjusted operating income, adjusted net income and adjusted earnings per share and intangible assets contribute to the generation of revenue and earnings. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the Company’s results prepared in accordance with GAAP. The table below presents a reconciliation of the Company’s presented non-GAAP measures to the most directly comparable GAAP measures (in millions, except per share amounts):

Three Months Ended
March 31,

2026

2025

Access segment operating income (GAAP)

$

34.7

$

103.1

Amortization of purchased intangibles

4.1

4.7

Adjusted Access segment operating income (non-GAAP)

$

38.8

$

107.8

Vocational segment operating income (GAAP)

$

84.7

$

117.8

Amortization of purchased intangibles

9.4

11.0

Adjusted Vocational segment operating income (non-GAAP)

$

94.1

$

128.8

Corporate and other operating loss (GAAP)

$

(41.6

)

$

(46.1

)

Amortization of purchased intangibles

0.8

0.7

Adjusted corporate and other operating loss (non-GAAP)

$

(40.8

)

$

(45.4

)

Consolidated operating income (GAAP)

$

82.0

$

175.4

Amortization of purchased intangibles

14.3

16.4

Adjusted consolidated operating income (non-GAAP)

$

96.3

$

191.8

Provision for income taxes (GAAP)

$

10.5

$

36.8

Income tax effects of adjustments

3.6

3.8

Adjusted provision for income taxes (non-GAAP)

$

14.1

$

40.6

Net income (GAAP)

$

43.1

$

112.2

Amortization of purchased intangibles

14.3

16.4

Income tax effects of adjustments

(3.6

)

(3.8

)

Adjusted net income (non-GAAP)

$

53.8

$

124.8

Earnings per share-diluted (GAAP)

$

0.68

$

1.72

Amortization of purchased intangibles

0.23

0.25

Income tax effects of adjustments

(0.06

)

(0.05

)

Adjusted earnings per share-diluted (non-GAAP)

$

0.85

$

1.92

      2026 Expectations

Earnings per share-diluted (GAAP)

$

10.90

Amortization of purchased intangibles, net of tax

0.60

Adjusted earnings per share-diluted (non-GAAP)

$

11.50

For the quarter ended March 2026, Oshkosh (OSK - Free Report) reported revenue of $2.32 billion, up 0.2% over the same period last year. EPS came in at $0.85, compared to $1.92 in the year-ago quarter.

The reported revenue represents a surprise of -0.27% over the Zacks Consensus Estimate of $2.32 billion. With the consensus EPS estimate being $1.04, the EPS surprise was -18.53%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Oshkosh performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net sales- Vocational- Total Vocational: $825 million versus $942.06 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -4.8% change.Net sales- Vocational- Municipal fire apparatus: $331.5 million compared to the $374.33 million average estimate based on two analysts. The reported number represents a change of +0.5% year over year.Net sales- Transport- Total Transport: $512.8 million compared to the $529.11 million average estimate based on two analysts.Net Sales- Access- Telehandlers: $208.2 million compared to the $207.83 million average estimate based on two analysts. The reported number represents a change of -14.9% year over year.Net Sales- Corporate and other: $36.6 million versus the two-analyst average estimate of $11.54 million. The reported number represents a year-over-year change of +41.3%.Net Sales- Access- Aerial work platforms: $431 million compared to the $394.45 million average estimate based on two analysts. The reported number represents a change of -4.4% year over year.Net Sales- Access- Other: $304.2 million versus the two-analyst average estimate of $226.46 million. The reported number represents a year-over-year change of +16.2%.Net Sales- Access- Total: $943.4 million compared to the $828.74 million average estimate based on two analysts. The reported number represents a change of -1.4% year over year.Operating Income (loss)- Transport: $4.2 million compared to the $8.73 million average estimate based on two analysts.Adjusted Vocational segment operating income (non-GAAP): $94.1 million compared to the $135 million average estimate based on two analysts.Adjusted Access segment operating income (non-GAAP): $38.8 million versus the two-analyst average estimate of $16.42 million.View all Key Company Metrics for Oshkosh here>>>

Shares of Oshkosh have returned -2.2% over the past month versus the Zacks S&P 500 composite's +11% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Oshkosh Corporation (OSK +0.81%) stock crashed 10.6% through 3 p.m. ET Friday after reporting mixed Q1 earnings.

Analysts had forecast the truckmaker would earn $1.04 per share on just under $2.3 billion in quarterly sales. The good news is that Oshkosh actually posted sales of just over $2.3 billion. The bad news is it fell far short on earnings -- just $0.85 per share.

Image source: Getty Images.

Oshkosh Q1 earnings Even the good news wasn't great. Oshkosh beat its sales target but still grew sales by only 0.2% year over year. And as for the bad news, it was even worse than it looks. Turns out, the company's "$0.85" per share profit was only a pro forma number. Actual earnings calculated under generally accepted accounting principles (GAAP) for the quarter were only $0.68 per share -- down 60% year over year.

Continuing the theme on the cash flow statement, Oshkosh burned through $189.1 million in negative free cash flow in Q1. That was less cash than it burned in Q1 2025 ($435.2 million), but still negative -- the opposite of what Oshkosh's reported earnings would suggest.

Today's Change

(

0.81

%) $

1.09

Current Price

$

135.05

What's next for Oshkosh? On guidance, Oshkosh did finally deliver some good news. Despite disappointing Wall Street mightily this morning, "demand across our segments remains solid and we have good visibility for the remainder of the year." Thus, Oshkosh reiterated its guidance for the rest of this year.

Management still expects to earn $10.90 per share -- GAAP -- in 2026. At a share price of $138, that works out to a modest 12.7 price-to-earnings ratio. Given the stock's 1.5% dividend yield and analysts' 12% long-term earnings growth forecast, Oshkosh stock might still be a buy.

Assuming, that is, the company actually can grow as fast as Wall Street says it should.

Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Oshkosh (NYSE:OSK) on Friday reported worse-than-expected first-quarter financial results.

Oshkosh reported quarterly earnings of 85 cents per share which missed the analyst consensus estimate of $1.17 per share. The company reported quarterly sales of $2.317 billion which missed the analyst consensus estimate of $2.322 billion.

“We delivered first quarter adjusted earnings per share of $0.85 reflecting lower results in our Access and Vocational segments compared with last year,” said John Pfeifer, president and chief executive officer of Oshkosh Corporation. “While fire truck production improved year-over-year, deliveries were below our expectations, driven in part by weather- and travel-related disruptions.

Oshkosh affirmed its FY2026 adjusted EPS guidance of $11.50.

Oshkosh shares fell 0.2% to trade at $137.82 on Monday.

These analysts made changes to their price targets on Oshkosh following earnings announcement.

Baird analyst Mircea Dobre maintained the stock with an Outperform rating and lowered the price target from $175 to $172. Truist Securities analyst Jamie Cook reiterated the stock with a Hold and lowered the price target from $183 to $176. Considering buying OSK stock? Here’s what analysts think:

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Shares of firetruck maker Oshkosh are a favorite on Wall Street.

OSHKOSH, Wis.--(BUSINESS WIRE)--Oshkosh Defense LLC, an Oshkosh Corporation [NYSE: OSK] business, announced today it has received two delivery orders from the U.S. Marine Corps for the Remotely Operated Ground Unit for Expeditionary Fires (ROGUE-Fires) Block 2 Production, totaling $92M.

Built on the battle-tested Oshkosh Defense Joint Light Tactical Vehicle (JLTV), ROGUE-Fires combines next-generation autonomy with the protection, mobility, speed, and off-road capability Marines rely on in austere environments. The JLTV’s proven transportability, operational interoperability and available sustainment provide a strong foundation for expeditionary fires missions and distributed operations.

Oshkosh Defense was initially awarded the ROGUE-Fires contract in 2022, and the platform has since become the first semi-autonomous ground system fielded by the U.S. military. The ROGUE-Fires offers the only in production and fielded semi-autonomous ground system for offensive and defensive fires.

The Block 2 configuration introduces Forterra’s next-generation autonomy and expanded weapon system integration to support Expeditionary Advanced Base Operations (EABO) and distributed long-range precision fires missions.

“As the Marine Corps continues to modernize its force structure and operational capabilities, Oshkosh remains focused on delivering advanced ground mobility solutions that support mission success,” said Pat Williams, Chief Programs Officer at Oshkosh Defense. “With new technology integration and expanded weapon system flexibility, ROGUE-Fires Block 2 demonstrates Oshkosh’s ability to integrate advanced technologies onto proven tactical vehicles.”

ROGUE-Fires, built on a Modular Open System Approach, provides the architecture that now supports integration with the MLRS Family of Munitions (MFOM) and rapid swapping of future payload weapon systems based on mission requirements. This modular approach provides Marines with greater operational flexibility across evolving expeditionary fires missions and beyond.

Forterra’s AutoDrive autonomous driving system is built to support operations in contested and GPS-denied environments.

Vehicle deliveries under the contract are expected to continue through 2031.

About Oshkosh Defense

Oshkosh Defense, an Oshkosh Corporation business [NYSE: OSK], delivers adaptable, connected, and survivable systems critical to the modernization and readiness of the U.S. and its allied forces. As a trusted mobility integrator, Oshkosh brings advanced vehicles, intelligent systems, and mission-critical technologies together into unified solutions built for evolving operational demands. Combining defense expertise with commercial scale, Oshkosh accelerates innovation from development through deployment. And because the mission does not end at fielding, Oshkosh provides global sustainment, lifecycle support, and aftermarket solutions that keep fleets ready while advancing the future of defense mobility. Learn more at OshkoshDefense.com.

About Oshkosh Corporation

At Oshkosh (NYSE: OSK), we make innovative, purpose-built vehicles and equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, MAXIMETAL, Oshkosh® S-Series™, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products, Oshkosh AeroTech™, Oshkosh® Defense and Pratt Miller. For more information, visit oshkoshcorp.com.

Forward Looking Statements

This news release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions, and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.

OSHKOSH, Wis.--(BUSINESS WIRE)--Oshkosh Defense LLC, an Oshkosh Corporation [NYSE: OSK] business, today announced orders valued at $142 million for its Family of Medium Tactical Vehicles (FMTV) A2 platform from U.S. and international customers. The multiple awards underscore sustained demand for proven, modernized tactical mobility solutions as mission requirements continue to evolve.

The latest orders include FMTV A2 4x4 Cargo, 6x6 Cargo, and Long Wheel Base configurations, designed to support a wide range of operational needs across diverse environments.

Interest in the FMTV A2 continues to build across international markets as defense forces seek proven platforms that can adapt to evolving operational environments. Backed by decades of defense expertise and a global support network, Oshkosh Defense delivers vehicles that integrate seamlessly into diverse fleets while meeting region-specific mission needs.

“The continued demand for the FMTV A2, both in the U.S. and internationally, reflects the platform’s ability to perform across a wide range of missions and environments,” said Pat Williams, Chief Programs Officer, Oshkosh Defense. “Our international customers require vehicles that combine durability, flexibility, and advanced capability. The FMTV A2 delivers that performance while aligning with the operational needs of modern forces.”

Oshkosh Defense continues to support customers worldwide with vehicles designed to perform under the most demanding conditions, helping the Warfighter carry out their missions with confidence and return home safely.

About Oshkosh Defense

Oshkosh Defense, an Oshkosh Corporation business [NYSE: OSK], delivers adaptable, connected, and survivable systems critical to the modernization and readiness of the U.S. and its allied forces. As a trusted mobility integrator, Oshkosh brings advanced vehicles, intelligent systems, and mission-critical technologies together into unified solutions built for evolving operational demands. Combining defense expertise with commercial scale, Oshkosh accelerates innovation from development through deployment. And because the mission does not end at fielding, Oshkosh provides global sustainment, lifecycle support, and aftermarket solutions that keep fleets ready while advancing the future of defense mobility. Learn more at OshkoshDefense.com.

About Oshkosh Corporation

At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, MAXIMETAL, Oshkosh® S-Series™, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products, Oshkosh AeroTech™ and Pratt Miller. For more information, visit oshkoshcorp.com.

Forward Looking Statements

This news release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions, and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.

Transaction results in the first independent Field Marketing Organization being part of a publicly traded company, with scalable, high-margin insurance and wealth management businesses

, /PRNewswire/ -- Nu Ride Inc. (OTC: NRDE) ("Nu Ride" or the "Company"), today announced it has entered into a Membership Interest Purchase Agreement to acquire, through its newly formed subsidiary Affinity Advisory Holding Corp, the outstanding membership interests of Affinity Advisory Network, LLC and AAN Wealth Advisors, LLC (collectively, "Affinity", and the "Transaction").

Founded in 2013 and headquartered in Ohio, Affinity operates an integrated platform combining insurance distribution and registered investment advisory services.  Affinity supports a nationwide network of agents and advisors serving clients across more than 700 cities throughout the United States.  Affinity has developed proprietary advisor training systems, lead generation infrastructure and client relationship management tools designed to support scalable growth and recurring client engagement.

Affinity generated over $3.5 million in revenue for the 12 months ended March 31, 2026 and the Company believes there will be multiple organic and inorganic growth opportunities over time.

Nu Ride CEO Alexander Matina commented, "We believe Affinity represents a highly attractive strategic acquisition for Nu Ride.  The business has built a differentiated and scalable platform combining insurance distribution and wealth advisory capabilities with recurring agent and client relationships, strong operating margins and a highly scalable advisor network."

Mr. Matina continued, "Affinity's integrated platform, proprietary advisor training systems and national distribution footprint create a compelling foundation for continued growth.  We believe the transaction provides Nu Ride with exposure to attractive long-term secular trends in retirement planning, wealth preservation and independent financial advisory services."

Robert Hall, Founder and President of Affinity, stated, "We are excited to partner with Nu Ride and believe this transaction positions Affinity for its next phase of growth.  Nu Ride provides strategic capital and long-term support and vision that we believe will help accelerate expansion of our advisor network, client relationships and integrated planning platform while maintaining the high-touch client service model that has defined our business."

Transaction Overview

Under the terms of the transaction, Nu Ride will acquire Affinity for approximately $9.6 million, consisting of $6.72 million in cash, 80,000 shares of Nu Ride Class A common stock and future earnout payments of up to $1.312 million.  Robert Hall will also retain a 15% ownership interest, through Affinity Advisory Holding Corp., and will continue to lead Affinity following the closing.  The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions.

Additional details regarding the transaction will be included in a Current Report on Form 8-K to be filed by Nu Ride with the Securities and Exchange Commission.

About Nu Ride

Additional information about the Company is available on the Company's website (www.nurideinc.com) and in the Company's filings with the U.S. Securities and Exchange Commission, available at www.sec.gov/edgar.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words "believes," "expects," "intends," "will," and similar expressions that do not relate to historical matters. All statements other than statements of historical fact are forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, including the risk that the pending Transaction may not be consummated on the terms described in this press release or at all, or if consummated, the risks associated with the Company failing to realize the anticipated benefits of the Transaction, which are, in some cases, beyond the Company's control and could materially affect actual results, performance, or achievements. Other important risk factors that may affect the Company's business, results of operations and financial position are detailed from time to time in the Company's filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.

Investor Contact

Please send inquiries to [email protected].

SOURCE Nu Ride Inc.

The Dogcatcher Top Ten-Year Dividend Dogs list identifies 90 high-yield stocks, with 24 'safer' names meeting the ideal of dividends from $1K invested exceeding share price. Analyst estimates project average net gains of 51.29% by March 2027 for the top ten, with risk/volatility 25% below the market. Five lowest-priced top-yield dogs are expected to deliver 41.55% net gains, outperforming the full top ten's 33.10% by March 2027.

Vancouver, British Columbia--(Newsfile Corp. - April 8, 2026) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "MILI") is pleased to announce the completion of a maiden Inferred Mineral Resource estimate (MRE) of 6.5 Mt at 1.02% Sb and 1.06 g/t Au for 67 thousand tonnes (kt) of antimony and 222 thousand ounces (koz) of gold at the Company's wholly owned flagship Trojárová Project (the "Project") in Western Slovakia.

Highlights:

Inferred Mineral Resource of 6.5 Mt at 1.02% Sb and 1.06 g/t Au for 67 kt of antimony and 222 koz of gold (Table 1)Resource estimate incorporated 53 diamond drill holes totaling 7,167 m of drilling and 55 intervals of underground chip samples totaling 202 m Historical MRE is now replaced by a modern MRE that is prepared in accordance with the 2014 Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards (CIM, 2014) and the CIM Best Practice Guidelines of Mineral Resources and Reserves (2019) Scott Eldridge, Chief Executive Officer of the Company, commented, "The maiden mineral resource estimate of the Trojárová Project firmly underpins the value of Military Metals. Following our 2025 confirmation drilling campaign Trojárová has emerged as the largest antimony resource in the European union that is defined by a modern regulatory standard 1, and among the largest antimony resources globally. At a time when the need for secure, domestically sourced critical minerals is more pressing than ever, these results strengthen the project's potential importance to, and alignment with, the EU's objective of building a dependable, home-grown supply of critical raw materials."

1The Company defines "a modern regulatory standard" as NI 43-101, JORC, or S-K 1300 disclosure standards.

Table 1 - Trojárová Mineral Resource Estimate - April 6, 2026

ClassificationTonnageAverage GradeContained Metal(Mt)Sb (%)Au (g/t)Sb (kt)Au (koz)Inferred6.51.021.0667222Notes:

The Mineral Resource Estimate was completed by SLR Consulting (Canada) Ltd. ("SLR") in accordance with the 2014 Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards and the CIM Best Practice Guidelines of Mineral Resources and Reserves (2019).SLR is independent of Military Metals Corp.The Mineral Resource is reported on a 100% ownership basis.Mineral Resources are estimated at a cut-off grade of 0.8% SbEq.The formula for SbEq is SbEq = Sb % + (Au g/t * 0.562).Mineral Resources are estimated using a long-term antimony price of US$29,000 per tonne and a gold price of US$3,000 per ounce.A uniform bulk density of 2.82 t/m3 was applied based on the length-weighted mean from laboratory density determinations from the Project's main mineralized zone.Metallurgical recovery is 85% for antimony and 85% for gold.The Mineral Resource excludes a 50 m crown pillar.Resource estimation domains were modelled to a 2.0 m minimum width.Totals may vary due to rounding.The 2026 Trojárová Mineral Resource Estimate

The maiden Mineral Resource Estimate ("MRE") incorporates all historical and modern drilling completed on the project, as well as historical underground sampling, comprising 53 diamond drill holes totaling 7,167 m and 55 underground face chip sampling intervals totaling 202 m. Three historical drill holes without analytical results available were excluded. Six mineralization wireframes, each supported by a minimum of two drill holes, were manually built based on a 0.1% SbEq threshold. A minimum wireframe width of 2.0 m was applied to all zones. Mineral Resources above the 0.8% SbEq cut-off were reported in four of the six mineralization wireframes (Figure 1).

Inferred Mineral Resources correspond to areas supported by at least two drill holes with nominal drill spacing of no more than 150 m. Classification boundaries were locally refined manually to reflect geological interpretation, grade continuity, and zone thickness.

The MRE is constrained within estimation domains meeting a 2.0 m minimum mining width. A 50 m crown pillar was also excluded from the MRE.

Resource classification follows the CIM (2014) Definition Standards. Modeling and estimation were completed in Leapfrog Geo and Leapfrog Edge, and validation included database checks, wireframe-to-block volume comparisons, statistical reviews, and visual inspections on sections, plans, and longitudinal sections. Reporting assumes an antimony price of US $29,000 per tonne and a gold price of US$3,000/oz, with an effective date of April 6th, 2026.

The average grade, minimum mining width and other results or assumptions above do not guarantee future production.

Figure 1: Trojárová deposit showing Inferred Mineral Resources above cut off (grey), and mineralization wireframes (red)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10818/291609_7fe684b144344ad4_001full.jpg

Exploration Growth Potential

To date no significant mineralization has been intersected beyond the boundaries of the current Inferred Mineral Resource estimate. However, mineral exploration beyond these boundaries has also been limited. There is geological evidence of the mineralizing structure or other sympathetic structures continuing northward along strike within the boundaries of the Trojárová project. Additional exploration along this corridor could identify targets for future drilling. Furthermore, the Inferred Mineral Resource is open to depth, where additional drilling has the potential to incorporate additional volume into future mineral resource estimates.

About the Trojárová Project

Discovered in the late 1970s, Trojárová was the focus of extensive surface and underground exploration over a 2 km strike length from 1983 to 1995, including 66 diamond drill holes for a total of 9,049 m and 1.7 km of underground workings. Efforts continued over the years as additional trenches were dug, and holes were drilled. Starting in 1990, underground development began, ultimately comprising a 300-metre-long adit connected to a 700-plus-metre-long drive in the footwall of the mineralized zone, with seven crosscuts into the mineralized zone for sampling.

These efforts culminated in a comprehensive study comprising drill logs, analyses, drill plans, maps and sections, deposit model studies, petrographic studies, metallurgical studies and more, now detailed in a multi-volume compendium of reports produced by the Slovak Geological Institute published in 1992.

The historical work carried out appears comprehensive, detailed and at a professional standard. The Company considers this historical data relevant, as it will use it as a guide to plan future exploration programs and informs the Inferred Mineral Resource estimate. The Company also considers the data to be reliable for these purposes.

The Company completed a confirmation drilling campaign in the winter of 2025 to validate historical work. Seven diamond drill holes totaling 1,383 m were drilled (Figure 2).

Figure 2: Map of Military Metals' Trojárová Project, Western Slovakia.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10818/291609_7fe684b144344ad4_002full.jpg

Qualified Person

The Mineral Resource estimate was prepared by Luke Evans, M.Sc., P.Eng., Principal Resource Geologist, Global Technical Director, Geology Group Leader for SLR Consulting (Canada) Ltd. It is reported in accordance with the CIM Definition Standards (2014). The scientific and technical information in this news release related to the Trojárová Mineral Resource estimate has been reviewed and approved by Mr. Evans, who is independent of Military Metals Corp. and a "Qualified Person" under National Instrument 43-101.

SLR is unaware of any environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues that could materially affect the Mineral Resource estimate.

David Murray, P.Geo., Vice President of Exploration at Military Metals Corp. a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

A technical report will be prepared by Qualified Persons in accordance with the requirements of NI 43-101 and will be filed on SEDAR+ within 45 days of this press release.

About Military Metals Corp.

The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.

For more information about Military Metals Corp. and its critical minerals initiatives, please visit: https://www.militarymetalscorp.com.

LinkedIn: https://www.linkedin.com/company/military-metals/
X: https://x.com/militarymetals
Facebook: https://www.facebook.com/profile.php?id=61564717587797

Cautionary Statement regarding Forward-Looking Statements

This news release contains "forward-looking information." Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, the continuation of the value of antimony, and the future needs of Europe and the E.U. specifically. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. These include geopolitical developments related to the supply and value of antimony, the continued use of antimony and availability of alternatives, availability of capital and labour in respect of the property that is the subject of this news release, the results of any future exploration activities, which cannot be guaranteed, and any other future activities in respect of the property held by the Target. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291609

Source: Military Metals Corp.

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Chimera Investment Corporation offers four cumulative preferred stocks, each with distinct coupon rates, call dates, and floating rate provisions. While it should be Called before CIM-D, due to its superior yield and slightly better add-on, I am moving my Buy rating to CIM-B, rating others as Holds. Dividend and redemption risks appear manageable, supported by CIM's hybrid mortgage REIT structure and sufficient equity coverage for preferred par values.

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera Investment Corporation (“Chimera”) announced the declaration of its second quarter cash dividend of $0.50 per share of 8.00% Series A Cumulative Redeemable Preferred Stock. The dividend is payable June 30, 2026 to preferred shareholders of record on June 1, 2026. The ex-dividend date is June 1, 2026.

The Board of Directors of Chimera also announced the declaration of its second quarter cash dividend of $0.6095 per share of 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, which reflects a rate of 9.75222% equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the dividend determination date plus a spread of 5.791%. The dividend is payable June 30, 2026 to preferred shareholders of record on June 1, 2026. The ex-dividend date is June 1, 2026.

The Board of Directors of Chimera also announced the declaration of its second quarter cash dividend of $0.5561 per share of 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, which reflects a rate of 8.70422%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the dividend determination date plus a spread of 4.743%. The dividend is payable June 30, 2026 to preferred shareholders of record on June 1, 2026. The ex-dividend date is June 1, 2026.

The Board of Directors of Chimera also announced the declaration of its second quarter cash dividend of $0.5967 per share of 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, which reflects a rate of 9.34022%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the dividend determination date plus a spread of 5.379%. The dividend is payable June 30, 2026 to preferred shareholders of record on June 1, 2026. The ex-dividend date is June 1, 2026.

About Chimera Investment Corporation

Chimera is a diversified real estate company that invests in, originates, and manages primarily residential real estate assets. The assets we may invest in for ourselves and manage for others through our wholly-owned subsidiary Palisades Advisory Services, LLC, include residential mortgage loans, Non-Agency RMBS, Agency RMBS, RTLs, Investor Loans, MSRs and other real estate-related assets such as Agency CMBS, junior liens and HELOCs, equity appreciation rights, and reverse mortgages. Also, through our wholly-owned subsidiary, HomeXpress Mortgage Corp., we primarily originate non-QM residential mortgage loans (both consumer loans and Investor Loans) as well as a smaller amount of QM residential mortgage loans. Chimera was incorporated in Maryland on June 1, 2007 and started trading on the NYSE in November 2007, and is structured as an internally managed real estate investment trust, or REIT, for U.S. federal income tax purposes.

Forward-Looking Statements

In this press release references to “we,” “us,” “our,” “Chimera,” or “the Company” refer to Chimera Investment Corporation and its subsidiaries unless specifically stated otherwise or the context otherwise indicates. This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, including as related to the expected impact. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as “goal,” “expect,” “target,” “assume,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “would,” “will,” “could,” “should,” “believe,” “predict,” “potential,” “continue,” or similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among other things, those described in our most recent Annual Report on Form 10-K, and any subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, under the caption “Risk Factors.” Factors that could cause actual results to differ include, but are not limited to: our ability to obtain funding on favorable terms and access the capital markets; our ability to achieve optimal levels of leverage and effectively manage our liquidity; changes in inflation, the yield curve, interest rates and mortgage prepayment rates; our ability to manage credit risk related to our investments and comply with the Dodd-Frank Act and related laws and regulations relating to credit risk retention for securitizations; rates of default, delinquencies, forbearance, deferred payments or decreased recovery rates on our investments; the concentration of properties securing our securities and residential loans in a small number of geographic areas; our ability to execute on our business and investment strategy; our ability to determine accurately the fair market value of our assets; changes in our industry, the general economy or geopolitical conditions, including the ongoing conflicts involving the U.S. in the Middle East; our ability to successfully integrate and realize the anticipated benefits of any acquisitions, including the acquisition of HomeXpress; our ability to originate or acquire quality and profitable loans at an appropriate and consistent cost; our ability to sell the loans that we originate or acquire; our ability to refinance or obtain additional liquidity for borrowing; our ability to manage, maintain and expand our relationships with our clients, the independent mortgage brokers and bankers; our ability to operate our investment management and advisory services and manage any regulatory rules and conflicts of interest; the degree to which our hedging strategies may or may not be effective; our ability to effect our strategy to securitize residential mortgage loans; our ability to compete with competitors and source target assets at attractive prices; the ability of servicers and other third parties to perform their services at a high level and comply with applicable law and expanding regulations; our dependence on information technology and its susceptibility to cyber-attacks; the development, proliferation and use of artificial intelligence; our ability to find and retain qualified executive officers and key personnel; our ability to comply with extensive government regulation, including, but not limited to, federal and state consumer lending regulations; the impact of and changes in governmental regulations, tax law and rates, accounting guidance, refinancing and borrowing guidelines and similar matters; our ability to maintain our exemption from registration under the Investment Company Act of 1940, as amended; our ability to maintain our classification as a real estate investment trust for U.S. federal income tax purposes; the volatility of the market price and trading volume of our shares; and our ability to make distributions to our stockholders in the future.

Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Chimera does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Additional information concerning these and other risk factors is contained in Chimera’s most recent filings with the Securities and Exchange Commission (SEC). All subsequent written and oral forward-looking statements concerning Chimera or matters attributable to Chimera or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above.

Readers are advised that any financial information in this press release is based on Company data available at the time of this press release and, in certain circumstances, may not have been audited by Chimera’s independent auditors.

Chimera Investment Corporation (CIM) Q1 2026 Earnings Call Transcript

Chimera Investment Corp. (CIM) Preferred A (CIM-A) offers a compelling 9.3% yield and 16% capital gains potential, driven by strong Q1 fundamentals. mREIT preferreds, especially CIM-A, benefit from significant overcollateralization and equity issuance, making them notably safer than their common equity counterparts. CIM-A trades at a substantial discount to par versus pari-passu peers, providing superior total return potential despite similar risk profiles.

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Dividend Maintained at $0.45 Per Share, Reflecting an Annualized Rate of $1.80 Per Share

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera Investment Corporation (“Chimera”) has declared its second quarter cash dividend of $0.45 per common share, consistent with the first quarter 2026 dividend and in line with the Board’s previously stated expectation to maintain the $0.45 quarterly dividend throughout 2026.

The dividend is payable on July 31, 2026 to common shareholders of record on June 30, 2026. The ex-dividend date is June 30, 2026.

About Chimera Investment Corporation

Chimera is a diversified real estate company that invests in, originates, and manages primarily residential real estate assets. The assets we may invest in for ourselves and manage for others through our wholly-owned subsidiary Palisades Advisory Services, LLC, include residential mortgage loans, Non-Agency RMBS, Agency RMBS, RTLs, Investor Loans, MSRs and other real estate-related assets such as Agency CMBS, junior liens and HELOCs, equity appreciation rights, and reverse mortgages. Also, through our wholly-owned subsidiary, HomeXpress Mortgage Corp., we primarily originate non-QM residential mortgage loans (both consumer loans and Investor Loans) as well as a smaller amount of QM residential mortgage loans. Chimera was incorporated in Maryland on June 1, 2007 and started trading on the NYSE in November 2007, and is structured as an internally managed real estate investment trust, or REIT, for U.S. federal income tax purposes.

Forward-Looking Statements

In this press release references to “we,” “us,” “our,” “Chimera,” or “the Company” refer to Chimera Investment Corporation and its subsidiaries unless specifically stated otherwise or the context otherwise indicates. This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, including as related to the expected impact. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as “goal,” “expect,” “target,” “assume,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “would,” “will,” “could,” “should,” “believe,” “predict,” “potential,” “continue,” or similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among other things, those described in our most recent Annual Report on Form 10-K, and any subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, under the caption “Risk Factors.” Factors that could cause actual results to differ include, but are not limited to: our ability to obtain funding on favorable terms and access the capital markets; our ability to achieve optimal levels of leverage and effectively manage our liquidity; changes in inflation, the yield curve, interest rates and mortgage prepayment rates; our ability to manage credit risk related to our investments and comply with the Dodd-Frank Act and related laws and regulations relating to credit risk retention for securitizations; rates of default, delinquencies, forbearance, deferred payments or decreased recovery rates on our investments; the concentration of properties securing our securities and residential loans in a small number of geographic areas; our ability to execute on our business and investment strategy; our ability to determine accurately the fair market value of our assets; changes in our industry, the general economy or geopolitical conditions, including the ongoing conflicts involving the U.S. in the Middle East; our ability to successfully integrate and realize the anticipated benefits of any acquisitions, including the acquisition of HomeXpress; our ability to originate or acquire quality and profitable loans at an appropriate and consistent cost; our ability to sell the loans that we originate or acquire; our ability to refinance or obtain additional liquidity for borrowing; our ability to manage, maintain and expand our relationships with our clients, the independent mortgage brokers and bankers; our ability to operate our investment management and advisory services and manage any regulatory rules and conflicts of interest; the degree to which our hedging strategies may or may not be effective; our ability to effect our strategy to securitize residential mortgage loans; our ability to compete with competitors and source target assets at attractive prices; the ability of servicers and other third parties to perform their services at a high level and comply with applicable law and expanding regulations; our dependence on information technology and its susceptibility to cyber-attacks; the development, proliferation and use of artificial intelligence; our ability to find and retain qualified executive officers and key personnel; our ability to comply with extensive government regulation, including, but not limited to, federal and state consumer lending regulations; the impact of and changes in governmental regulations, tax law and rates, accounting guidance, refinancing and borrowing guidelines and similar matters; our ability to maintain our exemption from registration under the Investment Company Act of 1940, as amended; our ability to maintain our classification as a real estate investment trust for U.S. federal income tax purposes; the volatility of the market price and trading volume of our shares; and our ability to make distributions to our stockholders in the future.

Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Chimera does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Additional information concerning these and other risk factors is contained in Chimera’s most recent filings with the Securities and Exchange Commission (SEC). All subsequent written and oral forward-looking statements concerning Chimera or matters attributable to Chimera or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above.

Readers are advised that any financial information in this press release is based on Company data available at the time of this press release and, in certain circumstances, may not have been audited by Chimera’s independent auditors.

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Also new to the lineup for a limited time: a refreshing KFC Signature Prickly Pear Lemonade*, made for the season PLANO, Texas, May 18, 2026 /PRNewswire/ -- Forget Dads and Grads, KFC has pickles and pears. Back by popular demand, KFC's bringing back their fan favorite fried pickles.

Yum Brands is in ‌exclusive talks to sell its Pizza Hut chain to LongRange ​Capital, Bloomberg News ​reported on Friday, citing people ⁠familiar with the matter.

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.

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What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.

Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

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Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

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Stock to Watch: Yum Brands (YUM - Free Report) Yum! Brands, Inc. is headquartered in Louisville, KY. The company, formerly Tricon Global Restaurants, spun off from PepsiCo in October 1997. Yum! Brands develops, operates and franchises quick-service restaurant brands and is a global leader in multi-branding.

YUM is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. YUM has a Growth Style Score of B, forecasting year-over-year earnings growth of 11.9% for the current fiscal year.

Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.13 to $6.77 per share. YUM boasts an average earnings surprise of +3%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, YUM should be on investors' short list.

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Skeans spent more than 25 years with Yum! Brands and was instrumental in shaping the company’s business, culture and leadership

LOUISVILLE, Ky.--(BUSINESS WIRE)--Yum! Brands, Inc. (NYSE: YUM) today announced that Tracy Skeans, Chief Operating Officer and Chief People & Culture Officer, plans to retire after more than 25 years with the company. Skeans will remain in her current role through late this year, after which she will move into an advisory position.

“Over a remarkable 25-year career at Yum!, Tracy has been instrumental in shaping the company’s operational excellence model, culture, talent and long-term growth strategy,” said Chris Turner, Chief Executive Officer of Yum! Brands. “She spent more than a decade leading and growing the Pizza Hut business, ultimately serving as President of Pizza Hut International before joining the Yum! Brands executive leadership team. Having worked alongside Tracy for several years, I’ve seen firsthand the leadership, wisdom and heart she brings to every conversation and decision. Tracy has led Yum! through some of the most important moments in our history, including our transformation into a more focused, asset-light global franchisor, all while advancing enterprise capabilities, culture and talent across our global system. Her impact on Yum! will be felt for years to come.”

Skeans built an impressive career since joining Yum! Brands in 2000 as a finance analyst, steadily advancing through leadership roles and consistently delivering results at the intersection of talent, culture, finance and strategy.

After holding a series of senior finance and people leadership roles at Pizza Hut, Skeans became Chief People Officer for Pizza Hut U.S. and later Global Chief People Officer, where she helped shape the evolution of Yum! Brands’ international business structure into separate global brand divisions for KFC and Pizza Hut. She later served as President of Pizza Hut International, overseeing a business spanning more than 85 countries and thousands of restaurants worldwide.

In 2016, Skeans joined the Yum! Brands executive leadership team as Chief Transformation & People Officer, helping lead the company’s transition to a pure-play franchisor while advancing the company’s talent and culture strategy. In the years that followed, she played a central role guiding the company through the COVID-19 pandemic, the integration of Habit Burger & Grill and broader business transformation efforts across Yum! Brands’ global system.

Today, as Chief Operating Officer and Chief People & Culture Officer, Skeans has global responsibility for leading cross-brand collaboration on operational execution and people capability.

“Yum! has been a defining part of my career for more than 25 years, and I’m proud to have helped shape the company through some of its most important moments of growth and transformation,” said Skeans. “Together with the leadership team, franchisees and colleagues around the world, we’ve strengthened the business, advanced the capabilities that support our global system and reinforced a culture that makes Yum! such a special place. I look forward to supporting a seamless transition and the company’s continued success.”

Skeans’ responsibilities will transition to the company’s next Chief People & Culture Officer and Chief Scale Officer. Yum! Brands is working to fill both roles. Skeans will assist in the transition in her advisory role through early 2028.

About Yum! Brands

Yum! Brands, Inc., and its subsidiaries franchise or operate more than 63,000 restaurants in 155 countries and territories under its iconic brands — KFC, Taco Bell, Pizza Hut and Habit Burger & Grill. KFC, Taco Bell and Pizza Hut are global leaders in the chicken, Mexican-inspired food and pizza categories, respectively. Habit is a fast-casual concept known for fresh, cooked-to-order food.

Fueled by Yum!’s Recipe for Good Growth, KFC, Taco Bell and Pizza Hut led Entrepreneur's 2026 Franchise 500 rankings and its Top Global Franchises 2025 list. In 2026, Yum!’s unrivaled culture and talent led it to be named one of TIME magazine’s list of Best Companies for Future Leaders for the third consecutive year.

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New menu drops June 8 with three new "choose your hero" sauces, Kryptonian Kooler beverage and blind bag collectibles; ultra-limited Krypto Collectible Bucket lands in-restaurant only June 10 PLANO, Texas, June 2, 2026 /PRNewswire/ -- KFC® is giving its summer menu a main character moment. In partnership with this summer's highly anticipated Supergirl film from DC Studios, the fried chicken icon is launching the new KFC Supergirl Ultimate Meal* and Supergirl Combo Meal*, available starting June 8, alongside a new character-inspired trio of sauces and beverage made for summer sips.

CNBC's Jim Cramer said investors should consider adding exposure to out-of-favor sectors if investors begin rotating away from high-flying technology stocks. He highlighted JPMorgan, Johnson & Johnson, Kimberly-Clark, McDonald's, Yum!

Yum offers some of the strongest growth potential among franchised restaurant companies, yet the stock fails to reflect those advantages., one analyst says.

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Investors interested in stocks from the Agriculture - Operations sector have probably already heard of Adecoagro (AGRO) and Corteva, Inc. (CTVA). But which of these two stocks is more attractive to value investors?