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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) will release its third quarter 2022 financial results on October 27, 2022, at 9:30 a.m. EDT. The results will be discussed in a live webcast accessible via their website. Oshkosh is renowned for its innovative mission-critical vehicles and essential equipment, employing around 15,000 individuals globally. The company serves over 150 countries under various brands, including JLG®, Oshkosh® Defense, and McNeilus®.
Oshkosh Corporation (NYSE: OSK) announces the retirement of John Bryant, President of Oshkosh Defense, effective November 1, 2022. Tim Bleck, previously Vice President of Finance for the Defense segment, will succeed him. Bryant will support the transition until June 30, 2023. Under Bryant's leadership, Oshkosh Defense secured significant program wins and expanded into new markets. Bleck, with extensive experience in defense and financial strategy, aims to drive growth and deliver value to shareholders.
Oshkosh Corporation (NYSE:OSK) announces a collaboration with SSAB to prototype fossil-free steel applications in McNeilus refuse collection vehicles. This initiative marks the first use of this sustainable steel in the U.S., aiming to create advanced, environmentally friendly vehicles. Both companies emphasize their commitment to sustainability and reducing emissions. SSAB plans to deliver commercial-scale fossil-free steel by 2026, leveraging hydrogen and renewable energy to minimize carbon output in steel production.
Oshkosh Corporation (NYSE: OSK) will participate in Morgan Stanley’s 10th Annual Laguna Conference on September 15, 2022, starting at 5:35 p.m. EDT. The event will be webcast, and interested participants can access it here.
Oshkosh employs around 15,000 people globally and offers critical equipment used in over 150 countries, with brands like JLG® and Oshkosh® Defense.
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.
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