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.
Oshkosh Defense, a subsidiary of Oshkosh Corporation (NYSE: OSK), will establish a facility in Spartanburg, South Carolina, to manufacture the USPS Next Generation Delivery Vehicle (NGDV). This initiative is set to create over 1,000 jobs locally. The USPS awarded Oshkosh a multi-billion-dollar contract in February 2021, allowing the delivery of up to 165,000 vehicles over ten years. These vehicles will modernize an aging fleet, featuring both zero-emission battery electric and low-emission internal combustion engine models, with production starting in summer 2023.
Oshkosh Corporation (NYSE: OSK) has launched its Volterra™ electric vehicle platform, debuting two new trucks designed for the Fire & Emergency segment. This initiative marks a significant step in the company's ongoing electrification efforts, dating back to the mid-1990s. The first Pierce® Volterra zero-emissions fire truck is now in service with the City of Madison, Wisconsin, becoming North America's first electric fire apparatus. Oshkosh aims to meet the demands for environmentally responsible solutions without sacrificing performance and safety. The Striker® hybrid ARFF vehicle will also be showcased at U.S. airports.
Oshkosh Corporation has launched the Volterra platform of electric fire and emergency vehicles, starting with North America's first electric fire truck now operational in Madison, Wisconsin. The zero-emissions pumper is designed for enhanced performance and sustainability, featuring a powerful electric drivetrain, advanced safety features, and custom configuration options that meet fire department needs. The initiative aligns with global green initiatives and aims to reduce emissions while providing high operational functionality.
The U.S. Army Contracting Command has awarded Oshkosh Defense, a subsidiary of Oshkosh Corporation (NYSE: OSK), a contract worth $942.9 million to integrate a 30MM Medium Caliber Weapon System onto Stryker Double V Hull Infantry Carrier Vehicles. This upgrade aims to enhance the precision lethality capabilities of the Army’s Stryker Brigade Combat Team. The contract includes technical support and logistics for three Stryker Brigade Combat Teams and follows rigorous testing of systems at Aberdeen Test Center.
Oshkosh Corporation (NYSE: OSK) announced the appointment of Douglas L. Davis to its Board of Directors, effective July 1, 2021. This increase brings the board to 11 members. Davis has extensive experience in technology, having served as Senior Vice President at Intel Corporation, where he led the Automated Driving Group. His background in autonomous applications is expected to enhance Oshkosh's innovative capabilities and growth. Davis also holds board positions at Verra Mobility Corporation and Digital Aerolus.
Oshkosh Corporation (NYSE: OSK) announced its participation in two virtual investor conferences: the Bernstein's 37th Annual Strategic Decisions Conference on June 3 at 1:30 p.m. EDT and the Stifel 2021 Virtual Cross Sector Insight Conference on June 10 at 3:20 p.m. EDT. Webcasts will be accessible on the Oshkosh Corporation website, starting 15 minutes before each event. Headquartered in Wisconsin, Oshkosh employs over 14,000 individuals globally, providing essential equipment used in over 150 countries.
Oshkosh Corporation (NYSE: OSK) announced its participation in the Goldman Sachs Industrials and Materials Conference 2021, scheduled for May 12, 2021. The virtual presentation will begin at 2:40 p.m. EDT and will be available via webcast on the company's website. Oshkosh is a leading manufacturer of mission-critical vehicles and employs over 14,000 people globally, serving customers in over 150 countries. The company continues to focus on innovation, supporting essential services worldwide.
Oshkosh Corporation (NYSE: OSK) reported strong fiscal 2021 second quarter results, with net income of $99.6 million ($1.44 per diluted share), up from $68.6 million ($0.99 per diluted share) year-over-year. Consolidated net sales increased 5.1% to $1.89 billion, driven by the Access Equipment and Fire & Emergency segments. The company reinstated guidance, forecasting annual revenues of $7.75 billion to $7.95 billion, with diluted EPS expectations ranging from $6.10 to $6.60. A quarterly dividend of $0.33 per share was also declared, payable May 28, 2021.
FAQ
What is the current stock price of Oshkosh (OSK)?
What is the market cap of Oshkosh (OSK)?
What does Oshkosh Corporation do?
What are some of Oshkosh's major brands?
Which segment of Oshkosh generates the most revenue?
What recent projects is Oshkosh involved in?
How did Oshkosh perform financially in 2023?
Who uses Oshkosh's products?
What differentiates JLG products?
Why is Oshkosh a significant player in the defense market?
What is a key focus area for Oshkosh's future projects?
What are some leading products under the McNeilus brand?
