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OSHKOSH ™ OSHKOSH CORPORATION FOR IMMEDIATE RELEASE For more information , contact : Financial : Media : Patrick Davidson Senior Vice President , Investor Relations 920.502.3266 Bryan Brandt Senior Vice President , Chief Marketing Officer 920.502.3670 Exhibit 99.1 OSHKOSH CORPORATION REPORTS FISCAL 2021 SECOND QUARTER RESULTS Strong Fiscal 2021 Second Quarter Performance Issues Fiscal 2021 Sales and Earnings Expectations Declares Quarterly Cash Dividend of $ 0.33 Per Share OSHKOSH , WI - ( April 28 , 2021 ) - Oshkosh Corporation ( NYSE : OSK ) , a leading innovator of mission - critical vehicles and essential equipment , today reported fiscal 2021 second quarter net income of $ 99.6 million , or $ 1.44 per diluted share , compared to $ 68.6 million , or $ 0.99 per diluted share , in the second quarter of fiscal 2020. Results for the second quarter of fiscal 2021 included after - tax charges of $ 2.5 million associated with restructuring actions in the Access Equipment segment and $ 0.2 million associated with business acquisition costs in the Defense segment . Results for the second quarter of fiscal 2020 included an after - tax charge of $ 6.5 million associated with debt extinguishment costs incurred in connection with the refinancing of the Company's senior notes and a valuation allowance on deferred tax assets in Europe of $ 11.4 million . Excluding these charges , adjusted 1 net income was $ 102.3 million , or $ 1.48 per diluted share , and $ 86.5 million , or $ 1.25 per diluted share , for the second quarter of fiscal 2021 and 2020 , respectively . Comparisons in this news release are to the corresponding period of the prior year , unless otherwise noted . 1 This news release refers to GAAP ( U.S. generally accepted accounting principles ) and non - GAAP financial measures . Oshkosh Corporation believes that the non - GAAP measures provide investors a useful comparison of the Company's performance to prior period results . These non - GAAP measures may not be comparable to similarly - titled measures disclosed by other companies . A reconciliation of the Company's presented non - GAAP measures to the most directly comparable GAAP measures can be found under the caption " Non - GAAP Financial Measures " in this news release .