Oshkosh Corporation reports recurring developments in purpose-built vehicles, equipment and services across Access, Vocational and Transport markets. Company news commonly covers earnings results, segment demand, sales mix, price-cost conditions, production activity and outlook commentary tied to aerial work platforms, fire apparatus, refuse and recycling vehicles, airport equipment, defense vehicles and postal transportation programs.
Oshkosh updates also feature its operating brands and businesses, including JLG, Pierce, McNeilus, Oshkosh Airport Products, Oshkosh AeroTech, Oshkosh Defense and Pratt Miller. Recurring themes include defense mobility and sustainment systems, JLTV-based platforms, advanced manufacturing support, connected-vehicle technology and refuse-contamination detection developed for municipal and commercial waste operations.
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Oshkosh Corporation (NYSE: OSK) reported strong fiscal 2023 first quarter results, achieving sales of $2.27 billion, a 17% increase year-over-year. The company posted net income of $88.5 million or $1.34 per diluted share, a substantial recovery from a loss in the prior year. Adjusted earnings were $104.6 million, or $1.59 per share. A record backlog of $15 billion was noted, driven by high demand for access products, with an order volume of $1.2 billion. Operating income saw a remarkable 311.3% rise to $130.8 million, while the company raised its fiscal 2023 guidance, projecting adjusted EPS in the range of $6.00 and net sales around $8.65 billion. A quarterly cash dividend of $0.41 per share was also declared.