Welcome to our dedicated page for Oshkosh news (Ticker: OSK), a resource for investors and traders seeking the latest updates and insights on Oshkosh stock.
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.
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.
Oshkosh Corporation (NYSE: OSK) will present at the Deutsche Bank Industrials Conference 2021 on Wednesday, November 17, 2021, at 12:00 p.m. ET. The virtual presentation, accessible via investors.oshkoshcorp.com, invites stakeholders to learn more about the company's innovative mission-critical vehicles. Oshkosh employs around 15,000 team members globally and serves over 150 countries with its diverse brands.
Oshkosh Corporation (NYSE: OSK) reported a 15.6% revenue increase for Q4 FY 2021, totaling $2.06 billion. However, net income declined to $89.7 million ($1.30 per share), down from $100 million ($1.46) in Q4 FY 2020. Despite strong performance in the Access Equipment segment, operating income fell 18.2% to $104.2 million due to rising material costs. The company announced a 12% dividend increase to $0.37 per share. For FY 2021, net sales reached $7.74 billion, with diluted EPS rising to $6.83. Guidance for Q1 FY 2022 remains uncertain due to ongoing supply chain issues.
Oshkosh Corporation (NYSE: OSK) will release its fourth quarter and full year financial results for fiscal year 2021 on October 28, 2021. A live webcast discussing these results will begin at 9:30 a.m. ET on the same day. Investors are encouraged to access the webcast via oshkoshcorp.com at least 15 minutes beforehand. The company employs over 14,000 team members globally and is known for its innovative and mission-critical equipment that serves various industries worldwide.
Oshkosh Corporation (NYSE: OSK) announced a change in its fiscal year to align with customer practices, transitioning to a calendar year starting January 1, 2022. The company reported anticipated fourth-quarter fiscal 2021 revenues of approximately $2.05 billion and diluted EPS between $1.10 and $1.15, reflecting challenges from supply chain disruptions and material cost inflation. Although facing near-term pressures, Oshkosh remains optimistic about strong demand and significant program wins in its Defense segment.
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