- Oshkosh, Helios, Matrix Service, Champion Homes, and Byrna Stocks Trade Up, What You Need To Know
May 18, 2026
What Happened?
A number of stocks jumped in the afternoon session after the Dow Jones Industrial Average retook the 50,000 level, driven by 'remarkably strong' corporate fundamentals and a breakthrough in U.S.-China relations.
President Trump and President Xi agreed in Beijing to ensure the Strait of Hormuz remains open, a critical win for global manufacturing supply chains choked by Middle East conflict. Also, April retail sales rose 0.5%, matching estimates and signaling that demand for industrial-produced goods remains stable.
Industrial companies build the machinery and infrastructure that power the global economy. While the 1.9% jump in import prices reported confirmed that manufacturing inputs were still more expensive, the reduction in geopolitical risk and the easing of the 10-year yield to 4.46% lowered the cost of the long-term debt used to finance these massive industrial projects.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.
Among others, the following stocks were impacted:
Heavy Transportation Equipment company Oshkosh (NYSE:OSK) jumped 1.1%. Is now the time to buy Oshkosh? Access our full analysis report here, it’s free. Gas and Liquid Handling company Helios (NYSE:HLIO) jumped 3.7%. Is now the time to buy Helios? Access our full analysis report here, it’s free. Construction and Maintenance Services company Matrix Service (NASDAQ:MTRX) jumped 3.4%. Is now the time to buy Matrix Service? Access our full analysis report here, it’s free. Home Builders company Champion Homes (NYSE:SKY) jumped 2.2%. Is now the time to buy Champion Homes? Access our full analysis report here, it’s free. Law Enforcement Suppliers company Byrna (NASDAQ:BYRN) jumped 4.3%. Is now the time to buy Byrna? Access our full analysis report here, it’s free.
Zooming In On Byrna (BYRN)
Byrna’s shares are extremely volatile and have had 46 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 10 months ago when the stock dropped 22.3% on the news that the company reported its fiscal second-quarter 2025 financial results.
Although Byrna announced a record-breaking quarter with a 41% year-over-year revenue increase to $28.5 million, the stock's pre-market dip suggests a "sell the news" reaction from investors.
The strong sales were driven by the launch of the new Byrna Compact Launcher (CL) and a 106% surge in dealer sales, bolstered by an expanding partnership with Sportsman's Warehouse. The company's adjusted earnings per share of $0.10 beat analyst expectations of $0.08. However, the positive results may have already been priced into the stock, which has seen a significant run-up of over 80% in the past three months.
Story Continues
Byrna is down 68.9% since the beginning of the year, and at $5.21 per share, it is trading 84.5% below its 52-week high of $33.56 from July 2025. Investors who bought $1,000 worth of Byrna’s shares 5 years ago would now be looking at only $197.53.
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- Heavy Transportation Equipment Stocks Q1 In Review: PACCAR (NASDAQ:PCAR) Vs Peers
May 17, 2026
Looking back on heavy transportation equipment stocks’ Q1 earnings, we examine this quarter’s best and worst performers, including PACCAR (NASDAQ:PCAR) and its peers.
Heavy transportation equipment companies are investing in automated vehicles that increase efficiencies and connected machinery that collects actionable data. Some are also developing electric vehicles and mobility solutions to address customers’ concerns about carbon emissions, creating new sales opportunities. On the other hand, heavy transportation equipment companies are at the whim of economic cycles. Interest rates, for example, can greatly impact the construction and transport volumes that drive demand for these companies’ offerings.
The 12 heavy transportation equipment stocks we track reported a satisfactory Q1. As a group, revenues along with next quarter’s revenue guidance were in line with analysts’ consensus estimates.
In light of this news, share prices of the companies have held steady as they are up 1.6% on average since the latest earnings results.
PACCAR (NASDAQ:PCAR)
Founded more than a century ago, PACCAR (NASDAQ:PCAR) designs and manufactures commercial trucks of various weights and sizes for the commercial trucking industry.
PACCAR reported revenues of $6.78 billion, down 8.9% year on year. This print fell short of analysts’ expectations by 0.9%. Overall, it was a mixed quarter for the company with a solid beat of analysts’ EBITDA estimates but a slight miss of analysts’ revenue estimates.PACCAR Total Revenue
The stock is down 12.4% since reporting and currently trades at $111.48.
Is now the time to buy PACCAR? Access our full analysis of the earnings results here, it’s free.
Best Q1: Douglas Dynamics (NYSE:PLOW)
Once manufacturing snowplows designed for the iconic jeep vehicle precursor, Douglas Dynamics (NYSE:PLOW) offers snow and ice equipment for the roads and sidewalks.
Douglas Dynamics reported revenues of $137.8 million, up 19.8% year on year, outperforming analysts’ expectations by 3.4%. The business had an incredible quarter with a beat of analysts’ EPS and EBITDA estimates.Douglas Dynamics Total Revenue
Douglas Dynamics achieved the highest full-year guidance raise among its peers. However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $44.82.
Is now the time to buy Douglas Dynamics? Access our full analysis of the earnings results here, it’s free.
Slowest Q1: Greenbrier (NYSE:GBX)
Having designed the industry’s first double-decker railcar in the 1980s, Greenbrier (NYSE:GBX) supplies the freight rail transportation industry with railcars and related services.
Story Continues
Greenbrier reported revenues of $587.5 million, down 22.9% year on year, falling short of analysts’ expectations by 11.5%. It was a disappointing quarter as it posted full-year revenue and EPS guidance missing analysts’ expectations significantly.
Greenbrier delivered the weakest performance against analyst estimates, slowest revenue growth, and weakest full-year guidance update in the group. Interestingly, the stock is up 4.4% since the results and currently trades at $49.76.
Read our full analysis of Greenbrier’s results here.
Commercial Vehicle Group (NASDAQ:CVGI)
Formed from a partnership between two distinct companies, CVG (NASDAQ:CVGI) offers various components used in vehicles and systems used in warehouses.
Commercial Vehicle Group reported revenues of $171.5 million, up 1% year on year. This print topped analysts’ expectations by 7.2%. It was a stunning quarter as it also produced a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
The stock is up 26.7% since reporting and currently trades at $5.35.
Read our full, actionable report on Commercial Vehicle Group here, it’s free.
Oshkosh (NYSE:OSK)
Oshkosh (NYSE:OSK) manufactures specialty vehicles for the defense, fire, emergency, and commercial industry, operating various brand subsidiaries within each industry.
Oshkosh reported revenues of $2.32 billion, flat year on year. This result surpassed analysts’ expectations by 0.8%. Zooming out, it was a slower quarter as it produced a significant miss of analysts’ adjusted operating income and EPS estimates.
The stock is down 17.6% since reporting and currently trades at $126.09.
Read our full, actionable report on Oshkosh here, it’s free.
Market Update
Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?
These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.
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- How The Oshkosh (OSK) Story Is Shifting As Analysts Reset Price Targets
May 17, 2026
Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide.
Oshkosh’s fair value target has been revised from US$172.67 to US$164.79, pointing to a modest reset in what analysts see as a reasonable price for the stock. That move comes as several firms reduce earlier, more optimistic targets, reflecting how they are weighing construction and rental equipment opportunities against execution risks and the timing of large projects. As you read on, you will see how these shifting targets can help you track and interpret the evolving analyst narrative around Oshkosh.
Analyst Price Targets don't always capture the full story. Head over to our Company Report to find new ways to value Oshkosh.
What Wall Street Has Been Saying
🐂 Bullish Takeaways
Earlier in the year, Citi and UBS set higher price targets for Oshkosh, with Citi moving to US$180 and UBS to US$197. This highlighted interest in the company’s exposure to U.S. non residential construction, rental equipment demand, and large project pipelines. Wells Fargo previously lifted its target to US$204 and pointed to areas like Power and Data Center construction as potential demand drivers that could support Oshkosh’s equipment franchises.
🐻 Bearish Takeaways
Since April, several firms, including Citi, Wells Fargo, JPMorgan, Morgan Stanley, Evercore ISI, Baird, and Bernstein, have reduced price targets. This signals more caution around valuation, execution, and the timing of construction and rental equipment projects. Citi’s downgrade in April, combined with later target cuts at Citi and Wells Fargo, indicates that some earlier optimism around non residential construction, mega project activity, and rental markets is being reassessed. Across this group of banks, the cluster of downward revisions in May points to a more balanced risk reward view. Analysts are weighing project pipelines against the risk that large contracts or sector trends may take longer to play out than previously expected.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives!NYSE:OSK 1-Year Stock Price Chart
We've flagged 1 risk for Oshkosh. See which could impact your investment.
What's in the News
Oshkosh reaffirmed its 2026 guidance, continuing to target diluted earnings per share of US$10.90, which provides a clear reference point for the company’s profit expectations. Through its McNeilus Truck and Manufacturing business, Oshkosh launched artificial intelligence enabled technology that detects material contamination in real time during refuse and recycling collection across North America. The new contamination detection system, developed with Paris based Lixo, is designed to identify more than 80 types of contaminants using computer vision, edge computing and cloud based analytics, and is available on new vehicles and as a retrofit kit. McNeilus has integrated this contamination technology with its ClearSky Intelligence telematics platform so customers can view contamination insights alongside fleet and operational data.
Story Continues
How This Changes the Fair Value For Oshkosh
The fair value target moved from US$172.67 to US$164.79. The revenue growth forecast was adjusted from 5.60% to 6.55%. The net profit margin assumption shifted from 7.72% to 8.15%. The assumed future P/E multiple moved from 13.31x to 11.58x. The discount rate assumption changed from 8.60% to 8.84%.
Never Miss an Update: Follow The Narrative
Narratives connect Oshkosh’s business story to analyst forecasts and fair value estimates, updating as new data and research come through. They help you see how catalysts and risks fit together in one clear framework.
Head over to the Simply Wall St Community and follow the Narrative on Oshkosh to stay up to date on:
How large scale infrastructure, government programs, and data center projects feed into demand for Oshkosh’s purpose built vehicles and equipment. Analyst expectations for revenue growth, margin expansion, and the effect of share buybacks on future earnings per share. Key risks tied to government contract reliance, tariff and supply chain pressures, and the cyclicality of construction and defense end markets.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include OSK.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- Heavy Transportation Equipment Stocks Q1 Recap: Benchmarking Oshkosh (NYSE:OSK)
May 16, 2026
As the Q1 earnings season wraps, let’s dig into this quarter’s best and worst performers in the heavy transportation equipment industry, including Oshkosh (NYSE:OSK) and its peers.
Heavy transportation equipment companies are investing in automated vehicles that increase efficiencies and connected machinery that collects actionable data. Some are also developing electric vehicles and mobility solutions to address customers’ concerns about carbon emissions, creating new sales opportunities. On the other hand, heavy transportation equipment companies are at the whim of economic cycles. Interest rates, for example, can greatly impact the construction and transport volumes that drive demand for these companies’ offerings.
The 12 heavy transportation equipment stocks we track reported a satisfactory Q1. As a group, revenues along with next quarter’s revenue guidance were in line with analysts’ consensus estimates.
In light of this news, share prices of the companies have held steady as they are up 1.9% on average since the latest earnings results.
Oshkosh (NYSE:OSK)
Oshkosh (NYSE:OSK) manufactures specialty vehicles for the defense, fire, emergency, and commercial industry, operating various brand subsidiaries within each industry.
Oshkosh reported revenues of $2.32 billion, flat year on year. This print exceeded analysts’ expectations by 0.8%. Despite the top-line beat, it was still a slower quarter for the company with a significant miss of analysts’ adjusted operating income and EPS estimates.
“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.Oshkosh Total Revenue
Unsurprisingly, the stock is down 14.2% since reporting and currently trades at $131.38.
Read our full report on Oshkosh here, it’s free.
Best Q1: Douglas Dynamics (NYSE:PLOW)
Once manufacturing snowplows designed for the iconic jeep vehicle precursor, Douglas Dynamics (NYSE:PLOW) offers snow and ice equipment for the roads and sidewalks.
Douglas Dynamics reported revenues of $137.8 million, up 19.8% year on year, outperforming analysts’ expectations by 3.4%. The business had an incredible quarter with a beat of analysts’ EPS and EBITDA estimates.Douglas Dynamics Total Revenue
Douglas Dynamics scored the highest full-year guidance raise among its peers. However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $44.89.
Is now the time to buy Douglas Dynamics? Access our full analysis of the earnings results here, it’s free.
Story Continues
Slowest Q1: Greenbrier (NYSE:GBX)
Having designed the industry’s first double-decker railcar in the 1980s, Greenbrier (NYSE:GBX) supplies the freight rail transportation industry with railcars and related services.
Greenbrier reported revenues of $587.5 million, down 22.9% year on year, falling short of analysts’ expectations by 11.5%. It was a disappointing quarter as it posted full-year revenue and EPS guidance missing analysts’ expectations.
Greenbrier delivered the weakest performance against analyst estimates, slowest revenue growth, and weakest full-year guidance update in the group. Interestingly, the stock is up 5% since the results and currently trades at $50.04.
Read our full analysis of Greenbrier’s results here.
Wabtec (NYSE:WAB)
Also known as Wabtec, Westinghouse Air Brake Technologies (NYSE:WAB) provides equipment, systems, and related software for the railway industry.
Wabtec reported revenues of $2.95 billion, up 13% year on year. This number met analysts’ expectations. Taking a step back, it was a mixed quarter as it also produced a decent beat of analysts’ EBITDA estimates but a significant miss of analysts’ organic revenue estimates.
The stock is up 4.5% since reporting and currently trades at $269.20.
Read our full, actionable report on Wabtec here, it’s free.
Wabash (NYSE:WNC)
With its first trailer reportedly built on two sawhorses, Wabash (NYSE:WNC) offers semi trailers, liquid transportation containers, truck bodies, and equipment for moving goods.
Wabash reported revenues of $303.2 million, down 20.4% year on year. This print missed analysts’ expectations by 5%. It was a softer quarter as it also recorded a significant miss of analysts’ revenue and EBITDA estimates.
The stock is down 19.1% since reporting and currently trades at $7.03.
Read our full, actionable report on Wabash here, it’s free.
Market Update
Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?
These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.
Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
StockStory’s analyst team — all seasoned professional investors — uses quantitative analysis and automation to deliver market-beating insights faster and with higher quality.
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- Oshkosh Q1 Earnings Call Highlights
May 14, 2026 · marketbeat.com
Oshkosh NYSE: OSK reported first-quarter 2026 results that came in modestly below its internal expectations, but management maintained its full-year outlook and said demand remains solid across its major businesses.
- Investors Get to Play With Firetrucks Too
May 13, 2026
Parents know that ‘touch a truck’ events held in many small towns, where enthusiasts can get up close with bright red firetrucks, are undeniable winners with small children. Firetrucks are cool. Shares of firetruck maker Oshkosh could rise 40% from recent levels.
Continue Reading
- Investors Get to Play With Firetrucks Too
May 13, 2026 · barrons.com
Shares of firetruck maker Oshkosh are a favorite on Wall Street.
- OSK Q1 Deep Dive: Mixed Segment Performance and Back-End Weighted Outlook Shape 2026
May 13, 2026
Specialty vehicles contractor Oshkosh (NYSE:OSK) reported revenue ahead of Wall Street’s expectations in Q1 CY2026, but sales were flat year on year at $2.32 billion. The company’s full-year revenue guidance of $11 billion at the midpoint came in 0.7% above analysts’ estimates. Its non-GAAP profit of $0.85 per share was 18.3% below analysts’ consensus estimates.
Is now the time to buy OSK? Find out in our full research report (it’s free).
Oshkosh (OSK) Q1 CY2026 Highlights:
Revenue: $2.32 billion vs analyst estimates of $2.3 billion (flat year on year, 0.8% beat) Adjusted EPS: $0.85 vs analyst expectations of $1.04 (18.3% miss) Adjusted EBITDA: $156.9 million vs analyst estimates of $162.6 million (6.8% margin, 3.5% miss) The company reconfirmed its revenue guidance for the full year of $11 billion at the midpoint Management reiterated its full-year Adjusted EPS guidance of $11.50 at the midpoint Operating Margin: 3.5%, down from 7.6% in the same quarter last year Backlog: $14.54 billion at quarter end, in line with the same quarter last year Market Capitalization: $8.64 billion
StockStory’s Take
Oshkosh’s first quarter results for 2026 were met with a negative market reaction, driven by a combination of flat sales and adjusted earnings that fell short of Wall Street expectations. Management pointed to operational disruptions in the vocational segment, specifically noting that weather- and travel-related delays pushed fire truck shipments out of the quarter. CEO John Pfeifer acknowledged, “First quarter earnings per share were modestly below the expectations we outlined on our last call,” and highlighted ongoing investments to modernize production and address bottlenecks. The company also faced higher manufacturing overhead and unfavorable product mix, impacting margins across several segments.
For the remainder of 2026, Oshkosh’s guidance relies on production improvements, backlog conversion, and increased contributions from new products and programs. Management expects stronger performance in the second half of the year as fire truck throughput increases, NGDV (Next Generation Delivery Vehicle) production ramps, and higher-margin defense contracts begin to contribute. CFO Matt Field emphasized, “The back half will be stronger, reflecting improved price cost and access, higher fire truck production reflecting our investments, building on the FMTV contract and for the NGDV both higher production and our expectation for an additional order.”
Key Insights from Management’s Remarks
Management attributed first quarter results to lower fire truck shipments, dynamic tariff impacts, and ongoing cost pressures, while emphasizing progress in key technology and product launches across segments.
Story Continues
Vocational shipment delays: Weather and travel disruptions delayed planned fire truck deliveries, leading to lower-than-expected shipments despite increased production capacity. Progress in removing production bottlenecks was cited as a focus for the coming quarters. Access segment order strength: The access equipment business saw robust order activity, with a book-to-bill ratio of 1.6, driven by mega projects such as data centers. Management noted that customer demand remains healthy, though broader nonresidential construction activity continues to face macroeconomic headwinds. Tariff and inflation management: Oshkosh is navigating a complex tariff environment, including Section 232 and IEEPA refunds. While the company recorded a $13 million benefit in Q1, management expects ongoing cost mitigation efforts and supplier negotiations to keep the net tariff impact neutral for 2026. Advances in automation and AI: New product launches, including AI-enabled material contamination detection in refuse vehicles and robotics for drywall finishing, are being incorporated to address labor constraints and increase efficiency. These technologies are expected to drive long-term differentiation. Transport and defense ramp: The transport segment benefited from increased NGDV production, with management stating that further ramp-up is expected in the second half of the year. Defense programs, such as FMTV, are also anticipated to contribute more meaningfully as new contracts and higher-margin orders are executed.
Drivers of Future Performance
Oshkosh’s outlook for 2026 is shaped by its ability to accelerate backlog conversion, implement operational improvements, and manage external cost pressures amid a dynamic economic environment.
Production throughput gains: Management expects higher fire truck and NGDV output in the second half of 2026, supported by ongoing investments in facility modernization and process efficiency. These gains are anticipated to improve lead times and enable backlog conversion into revenue. Pricing and cost actions: CFO Matt Field highlighted that price/cost dynamics are expected to improve as 2026 progresses, with greater pricing benefits and cost reductions materializing later in the year. This should help offset inflationary pressures from tariffs, steel, and other input costs. Segment-specific risks: While the access segment is seeing strong order intake, macroeconomic uncertainty in nonresidential construction and cautious municipal capital spending could limit upside. Management also acknowledged that refuse vehicle volumes are likely to remain down year-over-year, and that the timing of new postal and defense orders remains a key variable for transport segment margins.
Catalysts in Upcoming Quarters
Looking ahead, our analysts are closely watching (1) the pace at which Oshkosh converts its fire truck and NGDV backlog into revenue, (2) the effectiveness of cost and pricing actions in mitigating inflation and tariff headwinds, and (3) the ramp-up of higher-margin defense programs, including the impact of additional NGDV and FMTV orders. Progress on automation initiatives and customer adoption of new technologies will also be key indicators of execution.
Oshkosh currently trades at $137.68, down from $153.06 just before the earnings. Is the company at an inflection point that warrants a buy or sell? The answer lies in our full research report (it’s free for active Edge members).
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- A heavy truck manufacturer and a toymaker are among first recipients of tariff refund as payments begin going out
May 12, 2026
The first wave of tariff refund checks began going out to businesses this week.
Heavy-truck maker Oshkosh Corporation (OSK) and toymaker Basic Fun confirmed receiving partial refunds.
Oshkosh CFO Matt Field said in a statement that the refunds so far represented only “an initial portion of our total claims submitted.”
Jay Foreman, CEO of Basic Fun, said their refunds so far represented just 5% of the company’s total claims.
“So far, the funds are trickling out, but they have started,” Foreman said.
Overall totals for this first wave of refunds weren’t immediately available. The US Customs and Border Protection is managing the process and didn’t immediately respond to Yahoo Finance about the size and number of this first round of payments.
Businesses have been navigating a four-step refund process since a refund portal opened last month. That followed a US Supreme Court decision striking down President Trump’s blanket second-term tariffs imposed under what he deemed an economic emergency. The court said the president didn’t have the power to impose tariffs, but didn’t dictate whether refunds needed to be paid.President Trump speaks to members of the press Tuesday before departing for a visit to Beijing that he suggested will be heavily focused on trade. (Kyle Mazza/Anadolu via Getty Images)·Anadolu via Getty Images
Trump has harshly criticized the ruling since it was handed down in February and has zeroed in on the refunds in recent days. In a radio interview on Tuesday, he said “we’ll fight” the refunds even as his team has moved forward relatively quickly on the refunds themselves.
At stake in total is an estimated $166 billion in tariffs, plus interest, that the government estimates are eligible for refunds.
Also on Tuesday, the Treasury Department’s monthly statement showed that tariff revenue came in at $22.12 billion last month, a slight decrease from March’s reading of $22.15 billion.
Yet that still marks the sixth consecutive monthly decline, to cap a nearly 30% drop from last October, when monthly tariff revenue peaked at $31.35 billion.
Tuesday’s release doesn’t include any of this week’s refunds — those will show up in May numbers.
‘Phase one’ of the tariff refund process
Not all tariffs are eligible during “phase one” of this program, but the government has moved more quickly than many trade experts had expected and promised that “more complex refund scenarios” will eventually be addressed.
Government checks are going to businesses, but those funds could potentially be passed along to consumers. At least 17 lawsuits have reportedly been filed against companies, including FedEx (FDX), Costco (COST), and UPS (UPS), by consumers who say the companies would be wrong to keep any money they get back.
Shipping companies were the first to make a strong tariff refund push, even as Trump applied political pressure on businesses to forgo the money. FedEx, UPS, and DHL (DHL.DE) all paired their requests with promises to pass along the money to their customers.
Story Continues
The Oshkosh Corporation booth is seen at CES 2025 in Las Vegas in January. (Artur Widak/NurPhoto via Getty Images)·NurPhoto via Getty Images
Basic Fun said its tariff refunds would be used to support our cash flow and invest in personnel, including through increased salaries, new promotions, and larger merit increases.
“We are reinvesting the funds in our business and people,” CEO Foreman said
Tariff landscape continues shifting
Overall, tariff collections have been dropping for months since Trump backed away from a variety of duties last fall — most notably on grocery store items — as fears of tariff-fueled price increases mounted.
In early April, Trump further adjusted tariffs on steel, aluminum, and copper, lowering duties on some goods “substantially made” of these metals, helping contribute to April’s lower number.
Just this week, Trump reportedly planned to suspend some beef tariff quotas in the face of high domestic prices.
Importers are also awaiting the next steps after the Court of International Trade delivered Trump another setback with a ruling that could both invalidate his 10% Section 122 tariffs and require refunds with interest.
The Trump administration on Monday asked the US trade court to pause its ruling, which would mean, in effect, that importers would keep paying the duties as the legal fight plays out.
Ben Werschkul is a Washington correspondent for Yahoo Finance.
Click here for political news related to business and money policies that will shape tomorrow's stock prices
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- OSK Q1 Earnings Miss Estimates on Lower Access Results
May 11, 2026
Oshkosh Corporation OSK posted first-quarter 2026 adjusted earnings of 85 cents per share, down 55.7% year over year. The figure missed the Zacks Consensus Estimate of $1.04 by 18.53%. Revenues edged up 0.2% year over year to $2,318 million but missed the Zacks Consensus Estimate of $2,324 million by 0.27%.
Results were impacted by weaker profitability in the Access and Vocational segments, caused by an unfavorable sales mix, higher manufacturing overhead costs, and price-cost pressures. The company ended the quarter with a total backlog of $14.54 billion, highlighting strong demand visibility across its business.
Oshkosh Corporation Price, Consensus and EPS SurpriseOshkosh Corporation Price, Consensus and EPS Surprise
Oshkosh Corporation price-consensus-eps-surprise-chart | Oshkosh Corporation Quote
OSK's Profitability Faces Pressure From Mix and Overhead
While sales were essentially flat, OSK’s profitability weakened significantly from last year. Consolidated operating income dropped 53.2% year over year to $82 million, while operating margin narrowed to 3.5% from 7.6% a year ago. Adjusted operating income in the first quarter of 2026 fell 49.8% to $96.3 million, with adjusted operating margin declining to 4.2% from 8.3% in the prior-year quarter.
The decline was mainly due to an unfavorable sales mix, higher manufacturing overhead costs, and lower sales volume. Better pricing and favorable currency impact helped offset some of the pressure on revenues. The quarter also included contract-related adjustments that affected sales figures.
Oshkosh Access Sees Softer Mix and Price-Cost Pressure
Oshkosh’s Access segment reported first-quarter 2026 sales of $943.4 million, down 1.4% year over year, as lower sales volume outweighed the benefit from favorable currency movement. Profitability also declined sharply, with adjusted operating income falling to $38.8 million (down 64% year over year) and adjusted operating margin dropping to 4.1% from 11.3% a year ago.
The segment was hurt by an unfavorable sales mix and pricing pressures that weighed on profitability. Despite the near-term weakness, Access backlog rose 1.9% year over year to $1.84 billion at the end of the quarter, providing solid revenue visibility going forward.
OSK Vocational Slips as Deliveries Trail Expectations
OSK’s Vocational segment reported first-quarter 2026 sales of $825 million, down 4.8% from the year-ago period, as weaker sales volume outweighed the gains from improved pricing. Adjusted operating income fell 26.9% year over year to $94.1 million, while adjusted operating margin declined to 11.4% from 14.9% a year earlier.
Story Continues
Fire truck production improved year over year, but deliveries were lower than expected due to weather and travel disruptions. Vocational backlog increased 4.5% year over year to $6.63 billion, indicating customer demand remained strong despite some delivery delays during the quarter.
Oshkosh Transport Gains on NGDV Ramp and CCA
In the Transport segment, Oshkosh reported first-quarter 2026 sales of $512.8 million, up 10.8% year over year. Growth was mainly driven by higher sales volume and contract-related adjustments, supported by the continued ramp-up in production of the Next Generation Delivery Vehicle for the U.S. Postal Service.
Segment operating income improved to $4.2 million from $0.6 million reported a year ago, while adjusted operating margin increased to 0.8% from 0.1%. The improvement was mainly driven by higher sales volume and lower negative contract-related adjustments, although higher manufacturing costs and an unfavorable sales mix partly offset the gains. Transport backlog totaled $5.96 billion at quarter-end, down 6.9% year over year.
OSK Maintains 2026 Outlook and Returns Capital
OSK has maintained its 2026 outlook and continues to expect revenues of around $11 billion, adjusted operating income of approximately $1.06 billion, and adjusted earnings per share of about $11.50. The company has also reaffirmed its free cash flow forecast of $550-$650 million and expects first-half adjusted earnings to account for roughly 30% of full-year results.
Oshkosh had cash and cash equivalents of $250.3 million as of March 31, 2026, compared with $479.8 million as of Dec. 31, 2025. The company recorded a long-term debt of $600.6 million as of March 31, 2026, compared with $1.1 billion as of Dec. 31, 2025.
Capital returns remained active. Oshkosh repurchased 303,592 shares for $47.3 million during the first quarter of 2026 and declared a quarterly cash dividend of 57 cents per share, payable on June 9, 2026, to shareholders of record as of May 26, 2026.
Operating cash flow was negative $161 million as of March 31, 2026, compared with negative $394.9 million recorded as of March 31, 2025. Free cash flow was negative $189.1 million as of March 31, 2026, compared with negative $435.2 million recorded as of March 31, 2025. This was mainly due to normal seasonal working-capital needs and investment spending early in the year.
OSK currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Releases From Auto Space
Autoliv, Inc. ALV reported first-quarter 2026 results on April 17. It posted adjusted earnings of $2.05 per share, which declined 4.7% year over year but surpassed the Zacks Consensus Estimate of $1.77 by 15.8%. Net sales were $2.75 billion, up 6.8% from the year-ago quarter’s level. The figure beat the Zacks Consensus Estimate of $2.63 billion by 4.52%.
Autoliv ended the quarter with cash and cash equivalents of $342 million compared with $322 million a year earlier. Long-term debt was $1.7 billion compared with $1.56 billion in the year- ago period. Shareholder returns continued through dividends. Autoliv paid a cash dividend of 87 cents per share in the quarter, with total dividend payments of $65 million.
Genuine Parts Company GPC reported its first-quarter 2026 results on April 21. It posted adjusted earnings of $1.77 per share, which missed the Zacks Consensus Estimate of $1.81 by 1.94%. The bottom line improved 1.1% from the year-ago quarter’s adjusted earnings of $1.75 per share.
The company posted revenues of $6.27 billion, which beat the Zacks Consensus Estimate of $6.17 billion by 1.5% and increased 6.8% year over year. The performance was driven by solid sales growth across business segments and a 20-basis-point improvement in gross margin to 37.3%.
GPC’s total liquidity was $1.3 billion as of March 31, 2026, including $500 million in cash and $838 million of revolver capacity. During the quarter, GPC invested $98 million in capex and $14 million in acquisitions while returning $142 million to shareholders via dividends. For 2026, the company targets $450-$500 million in capex and $300-$350 million in M&A, with approximately 7.5 million shares remaining under its repurchase authorization.
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