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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 (NYSE: OSK) has secured an order for 100 McNeilus® Volterra™ ZSL™ electric refuse and recycling collection vehicles from Republic Services, Inc. (NYSE: RSG). This follows a successful initial deployment and reinforces Republic Services' commitment to sustainability. The order supports Republic's goal of having electric vehicles comprise half of its new truck purchases over the next five years and aims to reduce greenhouse gas emissions by 35% by 2030.
The Volterra eRCV is the industry's first fully integrated electric refuse vehicle, designed to operate a full day's route on a single charge. It features advanced safety systems, including 360-degree cameras and automated braking. The vehicles will be deployed across multiple states, contributing to Republic Services' environmental initiatives while offering operational efficiency and driver comfort.
Oshkosh (NYSE: OSK) has announced that the Science Based Targets initiative (SBTi) has validated its science-based greenhouse gas (GHG) emissions reduction targets. The company commits to near-term targets of reducing absolute scope 1 and 2 GHG emissions by 57.7% by 2033 from a 2021 base year and reducing absolute scope 3 GHG emissions by 32.5% by 2033 from a 2022 base year. Long-term targets include reducing absolute scope 1 and 2 GHG emissions by 90% by 2050 and scope 3 GHG emissions by 90% by 2050.
Oshkosh's strategy focuses on energy reduction, increased use of renewable energy, and value chain collaboration. The company has been recognized for its sustainability efforts, including being named one of USA Today's Climate Leaders 2024 and inclusion in the Dow Jones Sustainability World Index for five consecutive years.
Oshkosh Defense, a subsidiary of Oshkosh (NYSE: OSK), has received a $72.9 million order from the U.S. Army for additional Family of Medium Tactical Vehicles (FMTV) A2. This marks the fourth FMTV A2 order in 2024, following a $108.9 million order in May. The FMTV A2 is important for the Army's modernization strategy and mission readiness, known for its versatility and reliability in various terrains.
To date, Oshkosh has received orders for 2,677 FMTV A2s, with initial fielding planned for Q4 2024. The company emphasizes its commitment to engineering innovation and manufacturing expertise in designing vehicles that adapt to dynamic mission demands and surpass performance requirements.
Oshkosh (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, will participate in the annual Jefferies Industrials Conference. The company's president and CEO, John Pfeifer, will present in a fireside chat scheduled for September 4, 2024, at 3:05 p.m. EDT. A live webcast of the presentation will be available on the company's website, with a replay accessible approximately 2 hours after the event.
Oshkosh , headquartered in Wisconsin, employs over 18,000 team members worldwide and operates in more than 150 countries. The company manufactures innovative, mission-critical equipment under various brands, including JLG®, Pierce®, Oshkosh® Defense, and McNeilus®, among others. Oshkosh's products serve everyday heroes and advance communities globally.
Oshkosh Defense, a subsidiary of Oshkosh (NYSE: OSK), has been awarded a $1.54 billion contract by the U.S. Army for the Family of Heavy Tactical Vehicles (FHTV) V program. This five-year contract allows Oshkosh to continue delivering new and recapitalized Heavy Tactical Vehicles and associated trailers until 2031.
The FHTV fleet includes the Heavy Expanded Mobility Tactical Truck (HEMTT A4), Palletized Load System (PLS A1), PLS Trailer, and Heavy Equipment Transporter (HET A1). Oshkosh plans to integrate enhanced capabilities into the fleet through targeted upgrades, focusing on modernization, extended vehicle life, and reduced operating costs. These upgrades may include drive-by-wire capability, Condition Based Maintenance, electrification, and fuel efficiency improvements.
Oshkosh (NYSE: OSK) reported strong Q2 2024 results with sales of $2.85 billion, up 18% year-over-year. The company's adjusted earnings per share reached $3.34, a significant increase from $2.74 in Q2 2023. Key highlights include:
- Net income of $168.6 million, or $2.56 per diluted share
- Adjusted net income of $219.8 million
- Consolidated operating income increased 11.1% to $260.9 million
- Adjusted operating income rose 36.1% to $328.2 million
Oshkosh updated its 2024 guidance, raising adjusted EPS expectations to $11.75. The company also declared a quarterly cash dividend of $0.46 per share.
Oshkosh (NYSE: OSK) has appointed William (Bill) Burns, CEO of Zebra Technologies (NASDAQ: ZBRA), to its Board of Directors effective July 23, 2024. Burns, 57, brings over 30 years of technology sector experience to Oshkosh's now 11-member board. His background includes leadership roles at Zebra Technologies, Embrane, and Spirent Communications.
Stephen D. Newlin, Oshkosh's board chairman, praised Burns as a growth-minded leader who will contribute valuable technology and innovation perspectives aligned with the company's strategic priorities. Burns holds an MBA from Temple University and serves as a director for Zebra Technologies.
Oshkosh , an industrial technology company with approximately 17,000 employees worldwide, produces mission-critical equipment for various sectors under brands including JLG, Pierce, and Oshkosh Defense.
Oshkosh (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, has announced it will release its second quarter 2024 financial results on Wednesday, July 31, 2024. The company will discuss these results during a live webcast at 9:00 a.m. EDT on the same day. Investors can access the webcast at investors.oshkoshcorp.com approximately 15 minutes before the event, with presentation slides available on the morning of July 31.
Oshkosh , headquartered in Wisconsin, employs nearly 17,000 team members worldwide and produces innovative, mission-critical equipment for everyday heroes. The company's products are available in over 150 countries under various brand names, including JLG®, Pierce®, Oshkosh® Defense, and McNeilus®.
Oshkosh Defense, a subsidiary of Oshkosh (NYSE: OSK), has secured orders worth $231.9 million from the U.S. Army Contracting Command – Detroit Arsenal for modernized heavy tactical vehicles. The orders include the production of HEMTT A4 tankers, cargos, wreckers, load handling systems, Common Bridge Transports, and Palletized Load System A1s. Oshkosh will also integrate advanced capabilities into the PLS A1 fleet through recapitalization, extending vehicle life and reducing operating costs. Oshkosh Defense has produced over 50,000 heavy tactical vehicles for the U.S. Military and allies, emphasizing reliability and versatility.
Pat Williams, chief programs officer at Oshkosh Defense, highlighted the importance of the company’s long-standing partnership with the U.S. Army, focusing on modernizing fleet capabilities to support future combat environments. Oshkosh’s commitment to providing durable and flexible heavy tactical vehicles is evident in its continued collaboration with the U.S. Army.
Oshkosh (NYSE: OSK) has published its 11th annual sustainability report, showcasing its commitment to innovation and sustainable practices. The company has introduced several electrified products across various sectors, including construction, fire and emergency, airport ground support, and defense. Key highlights include the McNeilus® Volterra™ ZSL™ zero-emission recycling vehicle, the Pierce® Volterra™ zero-emission fire truck, and the Oshkosh® Striker® Volterra™ ARFF vehicle.
In 2023, Oshkosh manufactured and sold 46,152 electric or hybrid units, reduced GHG emissions by 14.5%, diverted 87.8% of waste from landfills, and recycled or reused 86.1% of non-hazardous waste. The company also contributed $2.6 million and 21,320 volunteer hours to local communities. Recognized for its ethical and sustainable practices, Oshkosh has been listed on the Dow Jones Sustainability World Index and other notable accolades.
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