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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.
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.
Oshkosh Corporation (NYSE: OSK) has announced a strategic partnership and investment in Carnegie Foundry, a robotics and AI venture studio, to enhance innovation in autonomy and robotics. This collaboration builds on Carnegie Foundry's ties with the National Robotics Engineering Center at Carnegie Mellon University. The partnership is designed to benefit various frontline workers by improving autonomous technology, aiming to increase productivity and reduce costs.
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