Track market-moving stories before they get noisy

Western Digital (WDC - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Shares of this maker of hard drives for businesses and personal computers have returned +2.2% over the past month versus the Zacks S&P 500 composite's +0.2% change. The Zacks Computer- Storage Devices industry, to which Western Digital belongs, has gained 9.8% over this period. Now the key question is: Where could the stock be headed in the near term?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

For the current quarter, Western Digital is expected to post earnings of $3.28 per share, indicating a change of +97.6% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.

For the current fiscal year, the consensus earnings estimate of $10.02 points to a change of +103.3% from the prior year. Over the last 30 days, this estimate has remained unchanged.

For the next fiscal year, the consensus earnings estimate of $17.19 indicates a change of +71.6% from what Western Digital is expected to report a year ago. Over the past month, the estimate has remained unchanged.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Western Digital is rated Zacks Rank #1 (Strong Buy).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For Western Digital, the consensus sales estimate for the current quarter of $3.69 billion indicates a year-over-year change of +41.5%. For the current and next fiscal years, $12.87 billion and $17.32 billion estimates indicate -3.1% and +34.6% changes, respectively.

Last Reported Results and Surprise HistoryWestern Digital reported revenues of $3.34 billion in the last reported quarter, representing a year-over-year change of +45.5%. EPS of $2.72 for the same period compares with $1.36 a year ago.

Compared to the Zacks Consensus Estimate of $3.24 billion, the reported revenues represent a surprise of +3.12%. The EPS surprise was +12.86%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Western Digital is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Western Digital. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.

Both data storage specialists recently received price target boosts from analysts.

© luchschenF / Shutterstock.com

Shares of SanDisk (NASDAQ:SNDK | SNDK Price Prediction) are up 14% to roughly $1,873 in midday trading Thursday, while Western Digital (NASDAQ:WDC) stock is climbing 6% to around $520. The bounce snaps a rough stretch for memory and storage names that had pulled back hard from last week’s highs.

Both moves arrive alongside a broader rebound across the memory complex. The group had been beaten up over the past several sessions, with names in the sector down 18% from the peak heading into Thursday. WDC stock dropped 17% during the same stretch.

Today’s catalyst for SanDisk and Western Digital centers on a long-term capacity announcement out of South Korea that has reignited the AI-storage trade. These remain intraday moves and could certainly reverse in the coming sessions.

SK Hynix Capacity Plan Fuels the Memory Bounce SK Group Chairman Chey Tae-won reported that SK Hynix plans to roughly double its wafer capacity within five years and triple it by around 2034 to keep pace with surging demand. Some industry observers think even that may not be enough to meet AI-driven memory needs. That framing reads as a structural positive for NAND, DRAM, and HDD suppliers alike.

SanDisk benefits via NAND flash, where pricing power has expanded sharply. The company’s most recent quarter showed revenue of $5.95 billion, up 251% year over year, with gross margin of 78% versus 23% a year earlier. Moreover, SanDisk’s Datacenter revenue alone surged 645% to $1.47 billion, underscoring the AI infrastructure tailwind.

Western Digital is positioned in HDDs that increasingly anchor AI data-center storage tiers. The company posted non-GAAP EPS of $2.72 vs. $2.39 expected on revenue of $3.34 billion, up 46% year over year. Western Digital CEO Irving Tan recently stated, “Virtually every AI workload, from training, inference, agentic AI to physical AI, creates data that is stored persistently and cost-efficiently on HDDs.”

SanDisk CEO David Goeckeler echoed the durability theme, declaring the latest quarter “a fundamental inflection point” driven by mix shift toward datacenter customers. The company also retired $650 million in debt, reaching a zero long-term debt position.

Peers Snap Back as the Macro Mood Improves The memory rebound also rides on a steadier macro tape. Wednesday’s 2% drop in the S&P 500 came amid renewed U.S.-Iran tensions, including fresh strikes near the Strait of Hormuz and Tehran declaring the waterway closed. With U.S. futures higher Thursday, risk-on flows have returned to high-beta AI names.

Buy-the-dip behavior is showing up across the memory group. Micron Technology (NASDAQ:MU) Micron Technology stock is up 9% alongside the SanDisk and WDC moves, signaling this is a sector-wide reaction rather than a single-name story. SanDisk stock had rallied 592% year to date through Wednesday’s close, so sharp two-way moves come with the territory.

Retail sentiment offers a contrarian wrinkle. Stocktwits sentiment on SanDisk and Western Digital had been bearish heading into today’s pop, even as the WallStreetBets community pivoted hard the other way. Reddit sentiment scores on SNDK stock hit 82, classified as “Very Bullish,” in the hours leading into the open.

What to Watch Now The next share-price move could depend on whether SanDisk stock holds above $1,800 and whether WDC stock can stay above $520. Sharp bounces frequently follow sharp drops in these names, so follow-through matters here.

The geopolitical backdrop remains a live variable for SanDisk and Western Digital. Any escalation around the Strait of Hormuz, with WTI crude oil currently at $87.54 per barrel, could pull risk appetite back out of memory just as quickly as it returned today. The April oil-price spike to $114.58 is a reminder of how fast the energy backdrop can shift.

Investors may also watch for follow-on commentary from peers in the memory complex. Confirmation of the SK Hynix capacity narrative from rival suppliers, or fresh hyperscaler order data, could extend the move. For now, SanDisk stock and Western Digital stock have reclaimed the AI-storage momentum trade, at least until the next macro or company-specific headline lands.

Institutions love Sandisk, but Western Digital prefers its own stock.

Shares of SanDisk (NASDAQ:SNDK | SNDK Price Prediction) are up 6% in Friday morning trading, changing hands near $1,989, while Western Digital (NASDAQ:WDC) stock up 6% to $561. The bid adds another leg to a furious AI storage melt-up that has lifted memory and disk-drive names into record territory.

SNDK stock has staged one of the most extreme runs in the U.S. market this year, as it’s up 724% year to date (YTD) and 4,638% over the past 12 months. WDC stock has gained 224% YTD and 902% over the past year, riding the same AI infrastructure tailwind that has pulled NAND and hard-disk drive demand higher.

The catalyst extends well beyond any single headline. The market is debating whether this is the early innings of a multi-year AI memory supercycle or a late-stage melt-up vulnerable to a sharp reversal.

AI Storage Demand Fuels the Bid The fundamentals behind SanDisk’s run have been hard to dispute. The company’s Q3 FY2026 results, reported April 30, delivered EPS of $23.41 versus a $14.66 consensus and revenue of $5.95 billion, up 251% year over year (YoY). Furthermore, SanDisk’s data-center segment revenue jumped 645% YoY to $1.47 billion.

SanDisk guided Q4 FY2026 revenue to $7.75 billion to $8.25 billion and non-GAAP EPS of $30 to $33. CEO David Goeckeler called the quarter “a fundamental inflection point for SanDisk” as mix shifts toward datacenter customers under multi-year supply contracts.

Western Digital Rides the HDD Tailwind Western Digital’s own Q3 FY2026 report delivered non-GAAP EPS of $2.72 against a $2.39 consensus and revenue of $3.34 billion, up 46% YoY. The company’s non-GAAP gross margin cleared 50% for the first time in recent memory as AI workloads tightened hard-disk drive supply.

Western Digital’s management guided its Q4 FY2026 revenue to roughly $3.65 billion and non-GAAP EPS of $3.25, plus or minus $0.15. CEO Irving Tan stated that “virtually every AI workload, from training, inference, agentic AI to physical AI, creates data that is stored persistently and cost-efficiently on HDDs.”

Bulls Battle Bears on Sustainability The bull case rests on structural undersupply. SanDisk has reportedly locked in approximately $42 billion in multi-year supply agreements, and Susquehanna carries a $2,000 price target on SNDK stock, the highest on the Street. WallStreetBets sentiment scores ran 75 to 82 on Thursday, firmly in very bullish territory.

The bear case is more skeptical. SNDK stock trades at a stretched valuation after its 12-month rip, and insider selling has surfaced, including a director offloading 579 shares near $1,503 in early May. A separate bearish cohort on the “stockmarket” subreddit posted sentiment readings of 35 to 45, calling the move overextended and ripe for a reversal.

What to Watch Next The near-term question is whether Friday’s bid holds into the close. With SNDK stock near record highs and WDC stock just off its own peak, intraday volatility could intensify as traders rotate around the AI memory complex.

Investors can keep an eye on incoming NAND and HDD pricing data, which has been the dominant signal for the group all year. The next earnings cycle could either validate the lofty guidance or reset expectations after this run.

Position sizing matters here. The structural tailwinds may be real, but the velocity of the move argues for measured exposure rather than chasing strength in SNDK and WDC.

Highlights Strong Climate Progress; Announces 2035 Goals

, /PRNewswire/ -- DuPont (NYSE: DD) today published its 2026 Sustainability Report, detailing significant progress in 2025 towards its climate and sustainability ambitions and introducing nine goals with deliverables through 2035.

"The progress outlined in our 2026 Sustainability Report reflects the dedication of our teams and underscores how sustainability is embedded in DuPont's strategy that drives growth, consistent execution and long‑term value creation," said Scott Collick, Chief Sustainability Officer at DuPont. "The report highlights the advancements we have made in the past year to strengthen our portfolio, drive operational efficiency, and deliver sustainable innovation alongside our customers. We're encouraged by the momentum we're building, and the role sustainability plays in supporting durable, profitable growth."

Throughout 2025, DuPont collaborated with customers to introduce sustainably advantaged products, made substantial progress on improving energy efficiency at our sites, reduced our climate impacts, and extended our sustainability expectations into our supply chain. Key Highlights from the 2026 Sustainability Report include:

Over 35% of revenue generated from products introduced in the past five years, and nearly 80% of DuPont's active innovation portfolio is expected to deliver sustainable advantages for customers. Achieved a 76% reduction in Scope 1 and 2 greenhouse gas emissions from a 2019 baseline and a 66% reduction in Scope 3 emissions from a 2020 baseline. On track to net-zero emissions by 2050. Approximately 50% of electricity used across DuPont operations is renewably sourced, including 100% of manufacturing operations in Europe. 78% of sites worldwide have implemented 4R programs, designed to minimize waste and maximize resource efficiency. Achieved its safest year on record, surpassing safety performance milestones set in prior years, with 88% of sites with zero recordable injuries or illnesses. DuPont also expanded its sustainability commitment with the introduction of its 2035 Goals focused on sustainable innovation, resilient operations, and people, partners and communities—all grounded in strong governance. The goals set clear priorities across DuPont's organization, operations and value chain, and are designed to strengthen competitiveness, align with customer and market expectations, and support long‑term value creation.

The 2026 Sustainability Report was developed with reference to the Global Reporting Initiative (GRI) standards, the Sustainability Accounting Standards Board (SASB) standards, and the recommendations outlined by the Task Force on Climate-Related Financial Disclosures (TCFD).

To learn more, download and read the full 2026 Sustainability Report at dupont.com/sustainability.

About DuPont
DuPont (NYSE: DD) is a global innovation leader, providing advanced solutions that help transform industries and improve everyday life across our key markets of healthcare, water, construction, and industrial. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com.

DuPont™, the DuPont Oval Logo, and all trademarks and service marks denoted with ™, ℠ or ® are owned by affiliates of DuPont de Nemours, Inc. unless otherwise noted.

Cautionary Statement about Forward Looking Statements

Certain statements in this release may be considered forward-looking statements, within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements often contain words such as "expect", "anticipate", "intend", "plan", "believe", "seek", "see", "will", "would", "target", "outlook", "stabilization", "confident", "preliminary", "initial", "continue", "may", "could", "project", "estimate", "forecast" and similar expressions and variations or negatives of these words. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements are not guarantees of future results. Forward-looking statements address matters that are, to varying degrees, uncertain and subject to risks, uncertainties, and assumptions, many of which are beyond DuPont's control, that could cause actual results to differ materially from those expressed in any forward-looking statements.

Forward-looking statements include statements which relate to the purpose, ambitions, commitments, targets, plans, objectives, and results of DuPont's sustainability strategy, including its activities related to substances of concern. They include statements related to the standards and measurement of progress against the company's sustainability goals, including metrics, data and other information, which are based on estimates and assumptions believed to be reasonable at the time. The actual conduct of the company's activities and results thereof, including the development, implementation, achievement or continuation of any goal, program, policy or initiative discussed or expected in connection with DuPont's sustainability strategy may differ materially from the statements made herein. The use of the word "material" for the purposes of statements regarding our sustainability strategy and goals should not be read as equating to any use of the word in the company's other disclosures or filings with the U.S. Securities and Exchange Commission (the "SEC").

See DuPont's most recent annual report on Form 10-K and subsequent current and periodic reports filed with the SEC for further description of risk factors that could impact the expectations or estimates implied by the Company's forward-looking statements. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. DuPont assumes no obligation to publicly provide revisions or updates to any forward-looking statements whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

SOURCE DuPont

DuPont de Nemours lifted its outlook and plans to buy back $275 million of stock after swinging to a profit in the first quarter.

While the top- and bottom-line numbers for DuPont de Nemours (DD) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Shares of DuPont NYSE:DD rose sharply on Tuesday after the industrial materials maker reported first-quarter results that exceeded analyst expectations and raised its full-year financial outlook, signaling resilience despite rising input costs linked to geopolitical tensions.

The stock climbed about 8.9% to around $49.46, reaching its highest level since March.

The gains came as investors responded positively to both the earnings beat and improved guidance, even as the broader market grappled with the impact of higher oil prices.

DuPont reported adjusted earnings of 55 cents per share for the first quarter, ahead of Wall Street estimates of 48 cents.

Revenue came in at approximately $1.7 billion, in line with expectations.

The year-over-year comparison reflects structural changes following the spinoff of its electronics business, Qnity Electronics.

A year earlier, DuPont had reported earnings of $1.03 per share prior to that separation.

Operationally, the company delivered steady growth across its core segments.

Sales in the Healthcare & Water Technologies division rose about 6%, supported by demand in medical packaging and biopharma markets.

Meanwhile, the diversified industrials segment posted 3% sales growth, with both divisions achieving margin expansion of roughly 1.1 percentage points.

“Our teams...delivered organic growth, margin expansion, and double-digit adjusted EPS growth, along with solid cash flow generation in the quarter,” CEO Lori Koch said in a news release.

Looking ahead, DuPont lifted its full-year 2026 outlook, reflecting confidence in its ability to navigate a challenging cost environment.

The company now expects adjusted earnings per share of about $2.38, up from prior guidance of around $2.28.

Revenue is projected to reach approximately $7.2 billion, compared with earlier expectations of about $7.1 billion.

“Our full year net sales guidance now assumes about 4% organic growth, including about 1% of pricing due to actions taken to fully offset higher input costs related to the Middle East conflict,” CFO Antonella Franzen said in a news release.

The updated outlook comes as the company continues to manage higher raw material costs tied to disruptions in global oil and petrochemical markets.

The Strait of Hormuz tensions have tightened supply for key inputs such as plastics, polymers, and resins.

Executives noted that price increases and surcharges have been implemented to offset these pressures, with an estimated $90 million cost impact expected to be fully covered starting in the second quarter.

Analysts pointed to DuPont’s diversified business mix as a key factor in its ability to withstand external shocks.

Citi analyst Patrick Cunningham described the results as a "solid quarter with the diversified portfolio mix helping offset pronounced weakness from the Middle East disruption."

DuPont operates across multiple end markets, including healthcare, manufacturing, construction, and water technologies, which helps balance performance across cycles.

Despite recent gains, the stock has faced volatility in recent months.

Shares were down about 9.2% before Tuesday's open since the start of the Iran conflict in late February, as investors worried about the impact of higher oil prices on production costs.

However, the latest results suggest those concerns may be easing.

The company also announced a $275 million accelerated share repurchase program, signaling confidence in its financial position and commitment to returning capital to shareholders.

With solid execution, improving margins, and the ability to pass through higher costs, DuPont appears positioned to maintain momentum through 2026, even as geopolitical risks continue to influence global markets.

DuPont de Nemours has repositioned its portfolio, driving strong Q1 results and a 28% share rally over six months. Management raised full-year guidance, now expecting $2.35–$2.40 EPS and $7.16–$7.22B sales, citing segment strength and new product launches. Despite robust execution and shareholder returns, DD's forward P/E of ~21x and recent rally leave shares fairly valued with limited near-term upside.

Congress is trying to come up with more money to give the aging national parks a facelift in honor of the country's 250th birthday this year. President Donald Trump talks about the importance of federal facilities looking good, while his budget proposal slashed funding for the National Park Service.

Republican lawmakers are searching for revenue sources including establishing tolls on federally operated roads in the Washington area used daily by tens of thousands of commuters and by hiking fees to visit national parks for visitors from outside the U.S. Democrats say putting tolls on roads that intersect with the Capital Beltway is an untenable solution and that finding new money to fund park overhauls is not necessary since it's already the government's responsibility to maintain the parks.

Lawmakers are racing to pass the successor to the Great American Outdoors Act, or GAOA, a law Trump signed during his first term to clear the National Park Service's backlog of deferred maintenance in the park system. The law has now expired, and the maintenance backlog has only grown, so Congress wants to pass a successor measure to finish the job.

The national parks are one of the few remaining truly bipartisan issues on Capitol Hill due to their immense popularity with voters. Few lawmakers will oppose funding the parks, and Trump's proposed cuts and sales of public lands have been routinely vanquished in Congress. And, the parks help support a booming outdoor recreation industry that contributes to the economy, supporting sales of gear and materials from companies such as REI, Patagonia and DuPont.

"If we could find a way to use tolls on federal roads, that's one way you could fund it," said Rep. Bruce Westerman, R-Ark., chair of the House Committee on Natural Resources. Westerman said he's looking to create what he's called the "Next 250 Fund" to fund the parks.

Westerman said tolls would be justified because the first iteration of the Great American Outdoors Act directed money to restore the George Washington Memorial Parkway, a federal road in the metropolitan Washington area. A slew of federally operated roads crisscross the capital area.

"Look at all the money that comes out of the parks in Wyoming that goes to things like the George Washington Parkway, the entrance fees from there, so why shouldn't that be an option to raise funds to do maintenance backlog going forward?" he asked.

Rep. Jared Huffman, D-Calif., the top Democrat on the Natural Resources Committee, ruled out tolling to raise additional tax dollars, saying the drivers who use the Washington-area roads have recoiled from the idea.

"All the colleagues I've talked to that represent those areas say it's a nonstarter, poison pill," Huffman said.

Huffman said there's no need to find additional revenue to balance the new spending in the bill, calling it an "obsession" of Republicans.

"This is deferred maintenance, it's like a debt we've already incurred," he said. "So to be playing around with these politicized offsets is not a productive path forward."

The legislative effort occurs against the backdrop of Trump's proposed budget for the 2027 fiscal year that would slash the National Park Service's overall budget by 34% and its construction budget to less than $50 million, a 72% decrease from 2025.

Those cuts would follow National Park Service staff reductions totaling nearly a quarter of the agency's workforce in 2025 after Trump returned to the White House, according to data compiled by the National Parks Conservation Association.

Senate stays away from proposing road tollsThe Senate is not pursuing tolls or other new revenue for its version of the bill, dubbed the "America the Beautiful Act." That bill would use the same mechanism as the first Great American Outdoors Act to fund the maintenance: funneling oil and gas royalties from all federal energy development revenues into a fund called the Legacy Restoration Fund, set aside for park maintenance.

The Senate bill, led by Sens. Steve Daines, R-Mont., and Angus King, I-Maine, has 52 sponsors in the Senate.

"Let's see how we can do over here and then we'll talk with Chairman Westerman," King said when asked about the proposed tolls.

Hanging over the debate is the White House, which, in its budget request for fiscal 2027, asked for the Legacy Restoration Fund, which expired after the 2025 fiscal year, to be restored. The White House also endorsed foreign visitor fees, saying the park service "would implement a surcharge on international visitors at the most visited parks that would provide hundreds of millions of dollars to maintain parks around the Nation."

The number of international visitors to the U.S. dropped 5.9% in Trump's first year back in the White House from the year before, according to the nonpartisan Congressional Research Service. The National Park Service already implemented a $100 per person surcharge for non-U.S. residents per daily visit to the most popular national parks, and Trump wants to put the change into law.

Democrats are also on high alert for any legislative language that may clear the way for Trump's various projects around Washington, such as his White House ballroom and a proposed triumphal arch.

"I am concerned that some of the language we've seen could be used for vanity construction projects, and that's not going to fly either," Huffman said.

REI, Patagonia among companies pushing for spendingThe outdoor recreation market is a massive industry worth billions in the U.S. that touches almost every part of the retail industry — from specialty players such as REI and Patagonia to big box stores such as Walmart and Target to apparel companies such as Lululemon and Abercrombie & Fitch.

During Trump's first term, retailers threw their weight behind the GAOA because legislation that supports the outdoors and U.S. national parks is safe policy to support and is inherently apolitical, said Neil Saunders, a GlobalData Retail analyst and managing director.

"It kind of throws a halo around the brands. It links in with sustainability. It links in with the green agenda, but it's not really political in a way that is controversial," Saunders said. "Most Americans are like, 'Hey, our public parks, you know, are an asset. They're a national asset. We should protect them. We should look after them. We should make sure that they're well kept. They're a source of pride. And I think retailers find it very easy to sign on to things like that."

Of course, it's also good for business.

In a November report, the Outdoor Recreation Roundtable, a trade association that supports the GAOA, says outdoor recreation drives $1.2 trillion in economic output and supports 5 million U.S. jobs each year. The group found that recreation on federal lands and waters adds $351 million to the U.S. economy every day — the same amount of economic juice that could come from hosting eight Super Bowls every month.

For retailers such as REI and VF Corp — whose brands include The North Face and Timberland — that means more customers coming to their stores to buy camping gear, helmets or hiking boots. If consumers visit a national park and like what they see, they may decide to make outdoor recreation a more regular hobby, which likely means spending money on gear associated with those hobbies. Conversely, if they visit a park and find it to be poorly maintained and unenjoyable, they may try something else during their next bout of free time, perhaps indoors.

More people visiting national parks "potentially enlarges the market size because there are more people doing outdoor activities," Saunders said. "They need equipment, even if it's basic stuff, like coats and backpacks."

The debate on how to fund the GAOA comes at a time when the overall wellness market is growing and becoming an important economic driver. More consumers are ultra-focused on their bodies, what they consume and how they spend their time. For many, that includes more time outdoors, either exercising or just spending time in nature for mental health reasons.

U.S. consumers' focus on wellness was a growing trend before the Covid-19 pandemic that accelerated during lockdown orders, fueling a surge in interest in outdoor activities, national parks and sales of sports and leisure goods.

While that interest is still there, and is now being buoyed by the Make America Healthy Again movement, sales for sports and leisure goods have slowed since the pandemic. That's largely because so many people stocked up on outdoor goods during that time and due to an overall slowdown in discretionary spending, Saunders said.

Between 2015 and 2022, the U.S. outdoor market grew each year for seven years but has since softened, shrinking 6% between 2022 and 2025, according to GlobalData.

Given how slow discretionary spending has been in recent years, fresh funding for the GAOA could prove to be an important sales driver for retailers, especially if it's coupled with marketing tied to revamped national parks and outdoor events around the nation's 250th birthday.

"They need it," Saunders said. "The market's been a little bit sluggish, so I think retailers see this as a nice boost at the right time."

, /PRNewswire/ -- DuPont (NYSE: DD) today announced that its Board of Directors has approved a reverse stock split of the Company's common stock, par value $0.01 per share, at a ratio of 1-for-3 as well as a reduction in the number of authorized shares of its common stock by a corresponding ratio (the "Reverse Stock Split").

The Reverse Stock Split was approved by stockholders at the Company's 2026 Annual Meeting of Stockholders held on May 21, 2026, and is expected to become effective at 12:01 a.m. Eastern Time on June 24, 2026. DuPont's common stock is expected to begin trading on a split-adjusted basis on the New York Stock Exchange on June 24, 2026 under the existing ticker symbol "DD" with a new CUSIP number of 26614N 201.

At the effective time of the Reverse Stock Split, every three issued and outstanding shares of DuPont common stock will be automatically combined into one share of common stock. In addition, the total number of shares of the Company's common stock authorized for issuance will be reduced from 1,666,666,667 to 555,555,556. If the Reverse Stock Split were implemented as of May 22, 2026, the total number of outstanding shares would be reduced proportionately from approximately 405,058,202 to approximately 135,019,401, subject to adjustment for fractional shares.

No fractional shares will be issued in connection with the Reverse Stock Split. Stockholders who would otherwise be entitled to receive fractional shares will receive a cash payment from Computershare Trust Company, N.A., the Company's transfer agent, in lieu thereof. Proportionate adjustments will be made to the number of shares underlying the Company's outstanding equity awards, including stock options and restricted stock units, and to the exercise or conversion prices of such instruments. Similar adjustments will be made to outstanding warrants and other convertible securities. 

The Reverse Stock Split will not affect any stockholder's proportionate ownership interest in the Company, except for adjustments resulting from the treatment of fractional shares. 

Stockholders holding shares in book-entry form or through a bank, broker, or other nominee will have their holdings automatically adjusted to reflect the Reverse Stock Split. Stockholders holding physical certificates will receive instructions from the Company's transfer agent regarding exchange procedures. 

The Company today also reaffirmed its second quarter and full year 2026 financial guidance for net sales, operating EBITDA and adjusted EPS, and intends to present its per share metrics, including earnings per share, on a split-adjusted basis when reported. Below represents our adjusted earnings per share guidance, giving effect to the Reverse Stock Split which results in a weighted average diluted share count for the second quarter and full year 2026 of approximately 137 million shares:

2Q'26E

Full Year 2026E

Adjusted EPS(1) – Prior Guidance

~$0.59

$2.35 - $2.40

Adjusted EPS(1) – Effect of Reverse Stock Split

~$1.75

$7.02 - $7.16

Adjusted Earnings Per Share is a non-GAAP measures and only reflects continuing operations. The Company has not provided forward-looking U.S. GAAP financial measures or a reconciliation of forward-looking non-GAAP financial measures to the most comparable U.S. GAAP financial measures on a forward-looking basis because the Company is unable to do so without unreasonable effort or expense, including due to the fact that the Company is unable to predict with reasonable certainty the ultimate outcome of certain future events. These events include, among others, the impact of portfolio changes, including asset sales, mergers, acquisitions, and divestitures; contingent liabilities related to litigation, environmental and indemnifications matters; impairments and discrete tax items. These items are uncertain, depend on various factors, and could have a material impact on U.S. GAAP results for the guidance period. The most directly comparable U.S. GAAP financial measure to Adjusted Earnings Per Share is Earnings Per Share. About DuPont
DuPont (NYSE: DD) is a global innovation leader, providing advanced solutions that help transform industries and improve everyday life across our key markets of healthcare, water, construction, and industrial. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com.

DuPont™ and all products, unless otherwise noted, denoted with ™, SM or ® are trademarks, service marks or registered trademarks of affiliates of DuPont de Nemours, Inc.

Cautionary Statement Regarding Forward-Looking Statements
This communication contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," "target, "outlook," "stabilization," "confident," "preliminary," "initial," and similar expressions and variations or negatives of these words. All statements, other than statements of historical fact, are forward-looking statements, including statements regarding outlook, expectations and guidance. Forward-looking statements address matters that are, to varying degrees, uncertain and subject to risks, uncertainties, and assumptions, many of which that are beyond DuPont's control, that could cause actual results to differ materially from those expressed in any forward-looking statements.  

Forward-looking statements are not guarantees of future results. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. DuPont assumes no obligation to publicly provide revisions or updates to any forward-looking statements whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

SOURCE DuPont

This industrial titan doesn't fit the mold of a typical reverse stock split.

Covers 12 U.S. manufacturing facilities; advances company's 2035 climate goals WILMINGTON, Del., June 10, 2026 /PRNewswire/ -- DuPont (NYSE:DD) today announced that its U.S.-based healthcare manufacturing operations are now powered by 100 percent renewable electricity through the purchase of additional Renewable Energy Certificates (RECs).

DuPont's U.S. healthcare manufacturing sites now run on renewable electricity, advancing climate goals and lowering emissions.

April 29, 2026 10:10 ET  | Source: Edustaff

OSHKOSH, Wis., April 29, 2026 (GLOBE NEWSWIRE) -- The Oshkosh Area School District (OASD) has announced a new partnership with Edustaff, a leading provider of educational staffing services, to enhance the district's ability to recruit, place, and retain high-quality substitute teachers, paraprofessionals, and support staff across its schools. The collaboration is designed to ensure continuity of instruction and student support throughout the academic year.

Under the agreement, Edustaff will manage the full lifecycle of substitute and support staff recruitment — from sourcing and credentialing to scheduling and compliance — leveraging its proprietary technology platform and deep network of education professionals. This allows OASD administrators and principals to focus on their core mission of delivering an exceptional learning experience for students.

“Several factors were considered in this decision, most importantly our confidence in Edustaff’s ability to deliver the high level of service and support that both our district and our staff deserve. By partnering with Edustaff, we are focused on improving our overall substitute staffing process, while keeping our students and staff at the center of our work.”

— Sabrina Johnson, Executive Director of Human Resources, Oshkosh Area School District

Edustaff brings decades of experience partnering with school districts across the Midwest to address the persistent challenge of staff shortages. The company's approach combines personalized service, rigorous background screening, and ongoing professional development resources to help districts maintain instructional quality and a safe learning environment.

“Oshkosh Area School District is a tremendous example of a community that puts students first. We are honored to support their mission by providing dependable, thoroughly vetted staffing solutions that keep classrooms running smoothly and effectively. We look forward to a long, productive partnership built on shared values and a passion for education.”

— Derek Vogel, Chief Executive Officer, Edustaff

The partnership takes effect immediately, with Edustaff beginning onboarding operations in coordination with OASD's Human Resources department. Both organizations anticipate a seamless transition that minimizes disruption for current staff and school building teams.

About Oshkosh Area School District

The Oshkosh Area School District serves students in the City of Oshkosh and surrounding communities in Winnebago County, Wisconsin. OASD is committed to preparing every student for success in college, career, and community through rigorous academics, enriching extracurricular opportunities, and a supportive learning environment. For more information, visit www.oshkosh.k12.wi.us.

About Edustaff

Edustaff is a premier educational staffing company dedicated to connecting school districts with qualified substitute teachers, paraprofessionals, and support personnel. With a mission to support student achievement, Edustaff partners with districts across the country to deliver flexible, reliable, and compliant staffing solutions. For more information, visit www.edustaff.org.

Media Contact:
Public Relations Dept.
Edustaff, LLC
[email protected]
877-974-6338

Annual Experimental Aircraft Association gathering is also world's largest fly-in convention Annual Experimental Aircraft Association gathering is also world's largest fly-in convention

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.

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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.