What is Oshkosh's defense — goodwill impairment?

Oshkosh (OSK) reported defense — goodwill impairment of $38.7M in Q2 2024.

What does defense — goodwill impairment mean?

The specific loss recorded when the value of goodwill is written down.

How do you interpret defense — goodwill impairment?

An increase indicates a significant failure to realize the expected synergies or value from past acquisitions.

How does defense — goodwill impairment compare across companies?

Standard accounting metric; frequent goodwill impairments are a negative signal regarding management's M&A strategy.

Oshkosh OSK Defense — Goodwill Impairment

Discontinued — last reported Q2 '24

Similar metrics at other companies

DOWPerformance Materials & Coatings — Goodwill, Impairment Loss

$0—

ITOther — Goodwill, Impaired, Accumulated Impairment Loss

$150M—

AIZCorporate and Other — Goodwill impairment (Note 15)

$137.8M—

ITOther — Goodwill impairment

$37.5M—

HSICGlobal Specialty Products — Goodwill Impairment

$2.75M—

BPOPTotal Operating Segments — Goodwill Impairment

——

Other financials

Income statement

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Revenue$2.3B+0.2%

Gross profit$311.9M-22.0%

Operating income$82.0M-53.2%

Net income$43.1M-61.6%

EPS (diluted)$0.68-60.5%

Balance sheet

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Cash & equivalents$250.3M+19.0%

Total debt$1.1B-22.4%

Total equity$4.5B+5.5%

Total assets$10.0B+2.0%

Cash flow

See full

Operating cash flow-$161.0M+59.2%

CapEx$28.1M-30.3%

Free cash flow-$189.1M+56.5%

Valuation

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Market cap$8.7B+51.7%

Enterprise value$9.6B+37.7%

P/E15.1×+5.7×

P/S0.8×+0.3×

Profitability

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Gross margin16.6%-1.5pp

Operating margin8.1%-0.7pp

Net margin5.5%-0.3pp

FCF margin8.3%+5.5pp

Returns & leverage

See full

Return on equity13.3%-2.0pp

Debt / equity0.3×-0.1×

Current ratio1.6×-0.1×

Where this comes from

Reported directly by Oshkosh in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Oshkosh’s 10-Q, filed July 31, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Oshkosh's defense — goodwill impairment?: Oshkosh (OSK) reported defense — goodwill impairment of $38.7M in Q2 2024.
What does defense — goodwill impairment mean?: The specific loss recorded when the value of goodwill is written down.
How do you interpret defense — goodwill impairment?: An increase indicates a significant failure to realize the expected synergies or value from past acquisitions.
How does defense — goodwill impairment compare across companies?: Standard accounting metric; frequent goodwill impairments are a negative signal regarding management's M&A strategy.