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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 take part in a fireside chat at Citi’s 2022 Global Industrial Tech and Mobility Conference on February 23, 2022, starting at 1:00 pm ET. The event will be webcast, and interested participants can access it via www.oshkoshcorp.com at least 15 minutes beforehand.
Oshkosh, headquartered in Wisconsin, employs approximately 15,000 team members globally and offers mission-critical vehicles and equipment across over 150 countries.
United States Steel (NYSE:X) and Carnegie Foundry announced a strategic investment partnership aimed at enhancing industrial automation through advanced robotics and AI. This collaboration seeks to innovate solutions for a robust supply chain and emphasizes U. S. Steel's commitment to its Best for All℠ strategy. Carnegie Foundry plans to use the investment to accelerate its automation technologies in various sectors, aligning closely with U. S. Steel's operational goals. Both companies will also join the Carnegie Foundry Board, reinforcing their collaboration.
Oshkosh Corporation (NYSE: OSK) reported a net income of $6.2 million for Q1 FY2022, down from $69.5 million a year prior. Despite a 13.7% increase in consolidated net sales to $1.79 billion, operating income fell 81.2% to $18.0 million due to rising material costs and unfavorable contract adjustments. The company repurchased 1.4 million shares for $150 million and declared a quarterly dividend of $0.37 per share. For FY2022, Oshkosh expects diluted EPS between $5.75 and $6.75, with net sales projected between $8.0 billion and $8.5 billion.
Oshkosh Defense has introduced the first-ever silent drive hybrid-electric Joint Light Tactical Vehicle (JLTV), known as the eJLTV, designed for the U.S. Army and U.S. Marine Corps. This vehicle maintains the fundamental performance and protection of the JLTV while enhancing silent operation, fuel efficiency (over 20%), and exportable power capabilities. Notably, the eJLTV can recharge its battery in just 30 minutes, addressing electrification challenges in tactical vehicles. The U.S. Army plans to recompete the JLTV program with a $6.5 billion contract for 15,468 vehicles expected in September 2022.
McNeilus Truck and Manufacturing, a subsidiary of Oshkosh Corporation (NYSE:OSK), is revitalizing its parts business with a new focus on competitor parts for all makes and models of vehicles. This includes the launch of Street Smart Parts, which provides high-quality replacement parts and is designed to support customers with supply chain challenges. Both Street Smart Parts and McNeilus Genuine Parts offer 24/7 online ordering and lifecycle support, ensuring customer fleets remain operational.
Oshkosh Corporation (NYSE: OSK) will release its financial results for the Stub Period ending December 31, 2021, on January 26, 2022, at 9:00 a.m. ET. This reporting is part of a transition to a new fiscal year that aligns with the calendar year, effective January 1, 2022. The results will be discussed in a live webcast accessible through the company's investor relations website, with slides available on the morning of the event.
McNeilus Truck and Manufacturing, part of Oshkosh Corporation (NYSE:OSK), will donate a FLEX Controls™ Standard Mixer at the World of Concrete show from January 18-20 in Las Vegas. The mixer will be auctioned to support students pursuing concrete management degrees, with bidding on January 19 at 1:00 PM. The FLEX Controls™ Standard Mixer features innovative technology such as varying pump options and operator assurance features. The previous year's auction raised $1.15 million for educational programs.
Oshkosh Corporation (NYSE:OSK) has appointed Jay Iyengar as Executive Vice President and Chief Technology and Strategic Sourcing Officer. With over 30 years of experience across automotive and aerospace sectors, Iyengar will steer Oshkosh's technology strategy and global sourcing initiatives to enhance next-generation technologies. John Pfeifer, President and CEO, expressed enthusiasm for Iyengar's leadership in driving innovation and positioning the company for long-term growth. Oshkosh remains committed to creating mission-critical vehicles and equipment for diverse global markets.
Oshkosh Corporation (NYSE: OSK) will present at the Credit Suisse 9th Annual Industrials Conference on Wednesday, December 1, 2021, starting at 12:10 p.m. ET. The presentation will be available via webcast for investors, requiring access at least 15 minutes prior to the event. Headquartered in Wisconsin, Oshkosh employs around 15,000 individuals globally and offers mission-critical equipment in over 150 countries under various brands. For more information, visit oshkoshcorp.com.
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