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Oshkosh Corporation (symbol: OSK) is a renowned manufacturer and marketer specializing in access equipment, specialty vehicles, and truck bodies serving primary markets such as defense, concrete placement, refuse hauling, access equipment, and fire & emergency services. The company's leading brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Jerr-Dan, CON-E-CO, and London, each a leader in their respective industries.
Founded over a century ago, Oshkosh has built a solid reputation as a top producer of access equipment and specialty vehicles. JLG is celebrated for its diverse product portfolio, including JLG® aerial work platforms and SkyTrak® and Lull® telehandlers. The Pierce® brand positions Oshkosh as North America's foremost fire truck manufacturer. The company's defense vehicles are widely utilized, making it a global leader in this category.
Oshkosh's McNeilus® concrete mixers are the preferred choice among concrete producers, and its refuse collection bodies dominate the market. Jerr-Dan, another significant brand, is a top name in towing and recovery equipment. Additionally, CON-E-CO is a leading U.S. manufacturer of concrete batch plants, while London is Canada's preeminent concrete mixer manufacturer.
In recent years, Oshkosh has focused on innovation and sustainability, as seen in its US Postal Service contract to electrify postal vehicles. Despite losing the JLTV recompete for the U.S. Department of Defense, the company remains a pivotal player in the defense segment, accounting for 22% of its revenue. The access equipment segment contributes 52% of revenue, while the vocational segment, covering concrete mixers and refuse collection bodies, accounts for 27%.
Oshkosh's financial performance has been robust, generating $9.6 billion in revenue in 2023. The company continues to pursue strategic partnerships and projects that enhance its market position and meet evolving customer needs.
Oshkosh Corporation (NYSE: OSK) reported second quarter net income of $26.9 million ($0.41/share), down from $213.9 million ($3.07/share) YoY. Sales dropped 6.5% to $2.07 billion, influenced by reduced Defense segment sales and supply chain issues. Operating income plummeted 65.9% to $69.4 million due to increased material costs and labor inefficiencies. As a result, the company revised fiscal 2022 EPS guidance to approximately $3.25, down from previous expectations of $5.00-$6.00. The Board declared a quarterly dividend of $0.37 per share, payable on August 29, 2022.
Oshkosh Corporation (NYSE: OSK) will release its second-quarter 2022 financial results on July 28, 2022, with a live webcast starting at 9:00 a.m. ET. Interested investors are encouraged to join the webcast via oshkoshcorp.com. The company, headquartered in Wisconsin, produces mission-critical equipment operating in over 150 countries with approximately 15,000 employees. This financial update aims to inform shareholders and potential investors of the company’s current market position.
Oshkosh Corporation (NYSE:OSK) has finalized the acquisition of Maxi-Métal Inc., a leading manufacturer of custom fire apparatus and utility vehicles in Canada. This strategic move aims to enhance Oshkosh's Fire & Emergency segment by leveraging MAXIMETAL's expertise to expand sales and distribution capabilities through Pierce's North American dealer network. Founded in 1983, MAXIMETAL will retain its brand identity, team, and facilities, thus strengthening Oshkosh's position in the Canadian market.
Oshkosh Corporation (NYSE: OSK) has announced its commitment to establish science-based targets to reduce greenhouse gas emissions across its operations. The company aims to develop and publish these targets within the next 24 months, aligning with the Science Based Targets initiative (SBTi). Oshkosh has been recognized for its sustainability efforts, being listed on the Dow Jones Sustainability World Index and named one of Barron’s 100 Most Sustainable Companies. CEO John C. Pfeifer emphasized the company's role in promoting a sustainable future.
Oshkosh Corporation (NYSE: OSK) will present at Stifel’s 2022 Cross Sector Insight Conference on June 7, 2022, starting at 10:55 am ET. The event will be accessible via webcast on the company's website.
Oshkosh, headquartered in Wisconsin, employs approximately 15,000 team members globally, providing mission-critical vehicles and equipment in over 150 countries. Key brands include JLG®, Pierce®, and Oshkosh® Defense. For more details, visit oshkoshcorp.com.
Oshkosh Corporation (NYSE: OSK) held an Investor Day unveiling a robust financial outlook aimed at generating revenues of $10-$11 billion by 2025 and doubling adjusted EPS to $11-$13. The company is increasing share repurchase authorization by 8 million shares, now totaling 12 million. Key strategies emphasize innovation in electrification and autonomy while committing to science-based climate targets. Oshkosh plans disciplined capital allocation and aims for a 10%-10.7% operating income margin and 20%-23% return on invested capital, underlining confidence in growth and shareholder value.
Oshkosh Corporation (NYSE:OSK) announced the appointment of retired General David Perkins to its Board of Directors, effective May 3, 2022. With this addition, the board will consist of ten members. General Perkins brings extensive military leadership experience, having served 38 years in various positions, including overseeing the U.S. Army's Training and Doctrine Command. His expertise in strategy and operations is expected to enhance Oshkosh's focus on strategic innovation and growth, as stated by Chairman Stephen D. Newlin.
McNeilus Truck and Manufacturing, a subsidiary of Oshkosh Corporation (NYSE: OSK), will showcase its latest refuse collection vehicle innovations at Waste Expo from May 9-12 in Las Vegas. The exhibit will feature advancements such as the Meridian™ Front Loader and enhancements to the Zero Radius™ Automated Side Loader. Additionally, McNeilus has rebranded its replacement parts business into Street Smart Parts™ and McNeilus® Genuine Parts to support a wide range of refuse vehicle models. This event underscores McNeilus's commitment to industry evolution and customer support.
Oshkosh Corporation (NYSE: OSK) reported a fiscal 2022 Q1 net loss of $2.1 million ($0.03 per diluted share), down from a net income of $99.6 million ($1.44 per diluted share) in Q1 2021. Consolidated sales increased 3% to $1.95 billion, while operating income dropped 79.2% to $29.3 million due to rising material and logistics costs. The company reduced its fiscal 2022 EPS outlook to $4.75-$5.75, citing inflation and supply chain disruptions. A cash dividend of $0.37 per share was declared, payable on May 27, 2022.
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