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Oshkosh Corporation (NYSE: OSK) is a globally recognized manufacturer and marketer of specialty vehicles, access equipment, and truck bodies, serving a diverse array of industries and markets. Founded with a focus on innovation and durability, the company has become a trusted partner for customers in defense, construction, refuse hauling, concrete placement, and emergency services. With a broad portfolio of industry-leading brands, Oshkosh has established itself as a key player in its respective markets, leveraging decades of expertise to deliver reliable and high-performing products.
Core Business Segments
Oshkosh operates through three primary business segments: Access Equipment, Vocational Vehicles, and Defense. Each segment serves a distinct market, enabling the company to maintain a balanced revenue stream and reduce exposure to market-specific risks.
Access Equipment
The Access Equipment segment, anchored by the JLG brand, is a global leader in manufacturing aerial work platforms and telehandlers. These products are essential for construction, maintenance, and industrial applications, offering safe and efficient solutions for working at height. JLG’s diverse product portfolio, including brands like SkyTrak® and Lull®, has positioned Oshkosh as a top choice for construction firms and industrial operators worldwide.
Vocational Vehicles
The Vocational Vehicles segment encompasses a range of specialized truck bodies and equipment designed for concrete placement, refuse collection, and emergency response. Key brands include McNeilus, a world leader in concrete mixers and refuse collection bodies, and Pierce, North America’s leading fire truck manufacturer. Additional brands such as Jerr-Dan, Con-E-Co, and London further expand Oshkosh’s footprint in niche markets, addressing critical infrastructure and municipal needs.
Defense
Oshkosh’s Defense segment plays a pivotal role in manufacturing tactical military vehicles, including the Joint Light Tactical Vehicle (JLTV) for the U.S. Department of Defense. Known for their durability, mobility, and advanced technology, Oshkosh’s defense vehicles are trusted by armed forces worldwide. This segment benefits from long-term government contracts and a reputation for delivering mission-critical solutions.
Competitive Positioning
Oshkosh differentiates itself through its robust brand portfolio, innovative engineering, and deep industry expertise. Its brands are often market leaders in their respective categories, such as JLG in access equipment and Pierce in fire trucks. The company’s ability to address diverse market needs—from municipal services to military operations—underscores its strategic versatility. Additionally, Oshkosh’s commitment to quality and innovation has earned it a reputation for producing reliable, high-performing vehicles and equipment.
Market Relevance
Oshkosh operates in industries that are critical to global infrastructure, public safety, and defense. Its products support essential activities such as construction, waste management, and emergency response, making the company a vital contributor to modern society. The diversity of its end markets, combined with its strong brand equity, positions Oshkosh as a resilient and adaptable player in the industrial manufacturing sector.
Operational Excellence
Oshkosh’s success is underpinned by its focus on operational excellence, customer-centric innovation, and strategic market positioning. The company invests heavily in research and development to maintain its competitive edge, while its global manufacturing footprint ensures efficient production and distribution. By aligning its operations with customer needs, Oshkosh continues to deliver value across its diverse portfolio of products and services.
Conclusion
In summary, Oshkosh Corporation is a multifaceted industrial manufacturer with a strong presence in access equipment, specialty vehicles, and defense markets. Its diverse product offerings, market-leading brands, and commitment to innovation make it a key player in industries that are essential to public safety, infrastructure development, and national defense. Through its balanced business model and strategic focus, Oshkosh remains a trusted partner for customers worldwide.
McNeilus Truck and Manufacturing, a subsidiary of Oshkosh Corporation (NYSE: OSK), has been awarded the Constructech Top Product award for its FLEX Controls™ system, marking its sixth consecutive win. This award recognizes exceptional technology in the construction industry. The FLEX Controls system enhances efficiency and user experience in concrete mixer trucks, offering features that reduce operational costs by up to 5%. The award highlights McNeilus's commitment to innovation and customer involvement in product development.
McNeilus Truck and Manufacturing, part of Oshkosh Corporation (NYSE:OSK), has acquired the CartSeeker™ curbside automation product from Eagle Vision Systems and Waterloo Controls. This acquisition enhances McNeilus' focus on refuse collection vehicle automation, aligning with its innovation strategy. The patented AI-based technology automates waste cart identification and truck operations, potentially improving efficiency and performance in refuse collection.
Oshkosh Corporation (NYSE: OSK) will present at the Raymond James 43rd Annual Institutional Investors Conference on March 8, 2022, starting at 8:05 a.m. EST. The event will be webcast, and interested parties can access it via www.oshkoshcorp.com 15 minutes before the start time. Based in Wisconsin, Oshkosh employs around 15,000 team members globally and provides innovative mission-critical equipment across more than 150 countries.
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.
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