- Oshkosh Corporation reported lower than expected earnings per share of $1.13 for the third quarter of fiscal year 2015 due to lower sales of access equipment compared to the previous year. - For the full fiscal year 2015, the company updated its adjusted earnings per share guidance to a range of $3.00 to $3.25, compared to $1.23 in the third quarter of 2014. - The defense segment is positioned for stronger performance in fiscal year 2016, along with expected improvements in the fire & emergency and commercial segments, providing an overall positive outlook for earnings per share growth.

1. MOVING THE WORLD AT WORK
Oshkosh Corporation Classification: Highly Restricted
Third Quarter Fiscal 2015
July 30, 2015
Charles L. Szews
Chief Executive Officer
Wilson R. Jones
President and Chief Operating Officer
David M. Sagehorn
Executive Vice President
and Chief Financial Officer
Patrick N. Davidson
Vice President, Investor Relations
Oshkosh Corporation
(NYSE:OSK)

2. MOVING THE WORLD AT WORK
Oshkosh Corporation Classification: Highly Restricted
Forward-Looking Statements
This presentation 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 presentation, 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 the cyclical nature of the
Company’s access equipment, commercial and fire & emergency markets, which are particularly impacted by the strength of U.S.
and European economies; the Company’s estimates of access equipment demand; the strength of the U.S. dollar and its impact on
Company exports, translation of foreign sales and purchased materials; the expected level and timing of DoD and international
defense customer procurement of products and services and funding thereof; risks related to reductions in government expenditures
in light of U.S. defense budget pressures, sequestration and an uncertain DoD tactical wheeled vehicle strategy, including the
Company’s ability to successfully manage the cost reductions required as a result of lower customer orders in the defense segment;
the Company’s ability to win a JLTV production contract award and finalize international contracts for a significant quantity of M-
ATVs, with sales beginning in fiscal 2016; the Company’s ability to increase prices to raise margins or offset higher input costs;
increasing commodity and other raw material costs, particularly in a sustained economic recovery; risks related to facilities
expansion, consolidation and alignment, including the amounts of related costs and charges and that anticipated cost savings may
not be achieved; global economic uncertainty, which could lead to additional impairment charges related to many of the Company’s
intangible assets and/or a slower recovery in the Company’s cyclical businesses than Company or equity market expectations;
projected adoption rates of work at height machinery in emerging markets; the impact of severe weather or natural disasters that
may affect the Company, its suppliers or its customers; 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
related to production or shipment delays arising from quality or production issues; 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 a data security breach; 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 the Form 8-K filed today. All forward-looking statements speak only as of the date
of this presentation. The Company assumes no obligation, and disclaims any obligation, to update information contained in this
presentation. Investors should be aware that the Company may not update such information until the Company’s next quarterly
earnings conference call, if at all.
July 30, 2015OSK Third Quarter 2015 Earnings Call 2

3. MOVING THE WORLD AT WORK
Oshkosh Corporation Classification: Highly Restricted
Q3 FY15 Results
 Q3 EPS of $1.13
- Below expectations
- Shortfall due to lower year over
year sales of access equipment
 Updated FY15 adjusted EPS*
estimate to range of $3.00 to
$3.25
 Defense segment positioned for
stronger performance in FY16
 Magnitude, along with improved
fire & emergency and commercial
segment results, provides overall
positive outlook for Oshkosh EPS
growth in FY16
 Expect to become active again
with share repurchases
Net Sales
(billions) EPS
3
$1.6
$1.9
$1.13
$1.23*
$0.00
$0.25
$0.50
$0.75
$1.00
$1.25
$1.50
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
$1.8
$2.0
FY15 FY14
Net Sales EPS
* Non-GAAP results. See Appendix for reconciliation to GAAP results.
OSK Fiscal Q3 Performance
July 30, 2015OSK Third Quarter 2015 Earnings Call

4. MOVING THE WORLD AT WORK
Oshkosh Corporation Classification: Highly Restricted
Defense
 First yr/yr backlog increase since 2011
 Secured contract orders for FHTV
recapitalization and FMTV
 FHTV sales to restart in Q4
 Expect to ship 150 M-ATVs internationally
in Q4; revenue recognition now assumed
in FY16
 Progress pursuing much larger M-ATV
orders to benefit FY16 and beyond
 Not awarded Canadian MSVS contract
 Expect JLTV decision in September
July 30, 2015OSK Third Quarter 2015 Earnings Call 4

5. MOVING THE WORLD AT WORK
Oshkosh Corporation Classification: Highly Restricted
Access Equipment
 Believe fundamental business drivers remain
intact
 Improving U.S. residential and non-residential
construction; strong rental company metrics
 Moderating replacement demand for aged fleets
in Europe
 Product adoption in developing markets
 Expect mid-cycle sales decline of
approximately 5% - 10% in FY16 primarily
due to lower U.S. and European replacement
demand
 Actions to address inventory levels and costs
 Acquired Power Towers low level access
business
July 30, 2015OSK Third Quarter 2015 Earnings Call 5

6. MOVING THE WORLD AT WORK
Oshkosh Corporation Classification: Highly Restricted
Fire & Emergency
 Progress addressing operational
efficiencies
 Assembly line changes completed
in Q3
 Expect modest North American
market growth in 2015
 Strong orders at Pierce led to share
gains
 Innovative new product offerings at
recent industry gatherings
 Revolutionary Ascendant™ single
rear axle 107’ aerial ladder
 Oshkosh® XP fire apparatus
introduced at Interschutz 2015
July 30, 2015OSK Third Quarter 2015 Earnings Call 6

7. MOVING THE WORLD AT WORK
Oshkosh Corporation Classification: Highly Restricted
Commercial
 Double digit sales growth
led by RCV products
 Growing RCV share in a slowly
improving market
 New Meridian lighter weight
RCV introduced at Waste
Expo in June
 Concrete mixer sales up
 Driven by higher content units
 Experienced order slowdown
in Q3
July 30, 2015OSK Third Quarter 2015 Earnings Call 7

8. MOVING THE WORLD AT WORK
Oshkosh Corporation Classification: Highly Restricted
Consolidated Results
 Sales impacted by:
 Lower defense and access
equipment segment sales
 Higher commercial and fire &
emergency segment sales
 EPS impacted by:
 Lower defense and access
equipment segment results
 Foreign currency exchange
 Higher commercial and fire &
emergency segment results
 Lower incentive compensation
 Lower share count
 Tax audit settlement
Q3 Comments
(Dollars in millions, except per share amounts)
Third Quarter
Net Sales $1,612.3 $1,932.4
% Change (16.6)% (12.3)%
Operating Income $136.6 $175.3*
% Change (22.1)% (22.3)%
% Margin 8.5% 9.0%
EPS $1.13 $1.23*
% Change (8.1)% (26.3)%
2015 2014
* Non-GAAP results. See Appendix for reconciliation to GAAP results.
July 30, 2015OSK Third Quarter 2015 Earnings Call 8

9. MOVING THE WORLD AT WORK
Oshkosh Corporation Classification: Highly Restricted
Updated Expectations for FY15
Additional expectations
 Corporate expenses of $125 - $130 million
 Tax rate of ~ 32%
 CapEx of ~ $150 million
 Cash usage* ~ $150 million
 Assumes share count of ~ 79.5 million
Segment information
 Revenues of ~ $6.1 billion
 Adjusted operating income* of $400 million to $425 million
 Adjusted EPS* of $3.00 to $3.25
* Non-GAAP results. See Appendix for reconciliation to GAAP results.
9
Q4 Commentary
 EPS lower than prior year as a result of lower
expected access equipment sales and operating
income
Measure Access
Equipment Defense Fire &
Emergency Commercial
Sales
(billions)
~ $3.4 ~ $0.9 ~ $0.8 ~ $1.0
Operating
Income Margin
~ 12.8%
Slightly Above
Break Even
~ 4.25% ~ 6.5%
July 30, 2015OSK Third Quarter 2015 Earnings Call

10. MOVING THE WORLD AT WORK
Oshkosh Corporation Classification: Highly Restricted
For information
contact:
Patrick N. Davidson
Vice President, Investor Relations
(920) 966-5939
pdavidson@oshkoshcorp.com
Jeffrey D. Watt
Director, Investor Relations
(920) 233-9406
jwatt@oshkoshcorp.com
July 30, 2015OSK Third Quarter 2015 Earnings Call 10

11. MOVING THE WORLD AT WORK
Oshkosh Corporation Classification: Highly Restricted
Net Sales $932.6 $1,039.2
% Change (10.3)% 10.4%
Operating Income $136.4 $166.8
% Change (18.2)% 8.0%
% Margin 14.6% 16.0%
Third Quarter
(Dollars in millions)
2015 2014
Appendix: Access Equipment
 Sales impacted by:
 Reduced deliveries as a result of
weather-related construction delays
and oil & gas price decline
 Unfavorable foreign currency
 New product launch challenges
 Operating income impacted by:
 Lower sales volume
 Unfavorable currency impact of
$6.9 million
 New product launch challenges
 Lower incentive compensation
 Backlog down 19% vs. prior year
to $395 million (down 14% on a
constant currency basis)
Q3 Comments
July 30, 2015OSK Third Quarter 2015 Earnings Call 11

12. MOVING THE WORLD AT WORK
Oshkosh Corporation Classification: Highly Restricted
Appendix: Defense
 Sales impacted by:
 FHTV break in production
 Lower FMTV sales
 International M-ATV sales in prior
year
 Operating income impacted by:
 Lower sales volume
 Backlog up 38% vs. prior year
to $1.2 billion
 First increase in yr/yr backlog
since Q4 2011
Q3 Comments
Net Sales $194.2 $470.7
% Change (58.7)% (46.5)%
Adjusted Operating
Income / (Loss) $(7.1) $20.1*
% Change (135.3)% (76.6)%
% Margin (3.7)% 4.2%
Third Quarter
(Dollars in millions)
2015 2014
July 30, 2015OSK Third Quarter 2015 Earnings Call 12
* Non-GAAP results. See Appendix for reconciliation to GAAP results.

13. MOVING THE WORLD AT WORK
Oshkosh Corporation Classification: Highly Restricted
Net Sales $199.8 $187.5
% Change 6.6% (8.3)%
Operating Income $9.6 $6.2
% Change 55.5% (5.2)%
% Margin 4.8% 3.3%
Third Quarter
(Dollars in millions)
2015 2014
Appendix: Fire & Emergency
 Sales impacted by:
 Higher content fire trucks
 Higher airport products unit
shipments
 Operating income impacted by:
 Higher sales volume
 Backlog up 42% vs. prior year
to $761 million
Q3 Comments
July 30, 2015OSK Third Quarter 2015 Earnings Call 13

14. MOVING THE WORLD AT WORK
Oshkosh Corporation Classification: Highly Restricted
Appendix: Commercial
 Sales impacted by:
 Higher RCV unit sales
 Higher content concrete mixer
sales
 Operating income impacted by:
 Higher sales volume
 MOVE investments
 Backlog up 5.4% vs. prior year
to $218 million
Q3 Comments
Net Sales $294.0 $247.3
% Change 18.9% 27.0%
Operating Income $22.4 $19.9
% Change 12.9% 98.6%
% Margin 7.6% 8.0%
Third Quarter
(Dollars in millions)
2015 2014
July 30, 2015OSK Third Quarter 2015 Earnings Call 14

15. MOVING THE WORLD AT WORK
Oshkosh Corporation Classification: Highly Restricted
Appendix: Commonly Used Acronyms
15July 30, 2015OSK Third Quarter 2015 Earnings Call
ARFF Aircraft Rescue and Firefighting MECV Modernized Expanded Capability Vehicle
AWP Aerial Work Platform MRAP Mine Resistant Ambush Protected
CapEx Capital Expenditures MSVS Medium Support Vehicle System (Canada)
CNG Compressed Natural Gas NOL Net Operating Loss
DGE Diesel Gallon Equivalent NPD New Product Development
DoD Department of Defense NRC National Rental Company
EAME Europe, Africa & Middle East OCO Overseas Contingency Operations
EMD Engineering & Manufacturing Development OH Overhead
EPS Diluted Earnings Per Share OI Operating Income
FHTV Family of Heavy Tactical Vehicles OOS Oshkosh Operating System
FMS Foreign Military Sales OPEB Other Post-Employment Benefits
FMTV Family of Medium Tactical Vehicles PLS Palletized Load System
GAAP U.S. Generally Accepted Accounting Principles PUC Pierce Ultimate Configuration
HEMTT Heavy Expanded Mobility Tactical Truck R&D Research & Development
HET Heavy Equipment Transporter RCV Refuse Collection Vehicle
HMMWV High Mobility Multi-Purpose Wheeled Vehicle RFP Request for Proposal
IRC Independent Rental Company ROW Rest of World
IT Information Technology SMP Standard Military Pattern (Canadian MSVS)
JLTV Joint Light Tactical Vehicle TACOM Tank-automotive and Armaments Command
JPO Joint Program Office TDP Technical Data Package
JROC Joint Requirements Oversight Council TPV Tactical Protector Vehicle
JUONS Joint Urgent Operational Needs Statement TWV Tactical Wheeled Vehicle
L-ATV Light Combat Tactical All-Terrain Vehicle UCA Undefinitized Contract Action
LVSR Logistic Vehicle System Replacement UIK Underbody Improvement Kit (for M-ATV)
M-ATV MRAP All-Terrain Vehicle
UK
ZR
United Kingdom
Zero Radius

16. MOVING THE WORLD AT WORK
Oshkosh Corporation Classification: Highly Restricted
July 30, 2015OSK Third Quarter 2015 Earnings Call 16
Appendix:
Non-GAAP to GAAP Reconciliation
• 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):
2015 2014 2015 2014
Adjusted defense operating income (loss) (non-GAAP) (7.1)$ 20.1$ (12.7)$ 83.5$
Pension and OPEB curtailment - 9.7 3.4 5.6
Contract pricing adjustment for OPEB costs - (10.7) - (10.7)
Defense operating income (loss) (GAAP) (7.1)$ 19.1$ (9.3)$ 78.4$
Adjusted operating income (non-GAAP) 136.6$ 175.3$ 308.6$ 395.3$
Pension and OPEB curtailment - 9.7 3.4 5.6
Contract pricing adjustment for OPEB costs - (10.7) - (10.7)
Operating income (GAAP) 136.6$ 174.3$ 312.0$ 390.2$
Adjusted net income (non-GAAP) 89.9$ 105.7$ 186.4$ 229.6$
Reduction of valuation allowance on net operating
loss carryforward - - - 12.1
Pension and OPEB curtailment, net of tax - 6.2 2.1 3.6
Contract pricing adjustment for OPEB costs, net of tax - (6.8) - (6.8)
Debt extinguishment costs, net of tax - - (9.3) (7.0)
Net income (GAAP) 89.9$ 105.1$ 179.2$ 231.5$
Adjusted earnings per share-diluted (non-GAAP) 1.13$ 1.23$ 2.34$ 2.66$
Reduction of valuation allowance on net operating
loss carryforward - - - 0.14
Pension and OPEB curtailment, net of tax - 0.07 0.03 0.04
Contract pricing adjustment for OPEB costs, net of tax - (0.08) - (0.08)
Debt extinguishment costs, net of tax - - (0.12) (0.08)
Earnings per share-diluted (GAAP) 1.13$ 1.22$ 2.25$ 2.68$
Three Months Ended
June 30,
Nine Months Ended
June 30,

17. MOVING THE WORLD AT WORK
Oshkosh Corporation Classification: Highly Restricted
July 30, 2015OSK Third Quarter 2015 Earnings Call 17
Appendix:
Non-GAAP to GAAP Reconciliation
• 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):
Low High
Adjusted operating income (non-GAAP) 400.0$ 425.0$
OPEB curtailment gain 3.4 3.4
Operating income (GAAP) 403.4$ 428.4$
Adjusted earnings per share - diluted (non-GAAP) 3.00$ 3.25$
OPEB curtailment gain, net of tax 0.03 0.03
Debt extinguishment costs, net of tax (0.12) (0.12)
Earnings per share - diluted (GAAP) 2.91$ 3.16$
Fiscal 2015
Expectations
Net cash flows from operating activities 10.0$
Additions to property, plant and equipment (150.0)
Net additions to equipment held for rental (10.0)
Cash usage (150.0)$
Fiscal 2015 Expectations