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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 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.
Oshkosh Defense, an Oshkosh business, has received a $27.3 million order from the U.S. Army Contracting Command – Detroit Arsenal for 57 Medium Equipment Trailers (MET). The MET trailers are designed to transport combat vehicles up to 60 tons and meet European Highway Road Network Accessibility requirements for payloads up to 45 tons. The six-axle drop deck trailer can navigate under four-meter overpasses and features a hydraulically adjustable suspension. This order, executed with partner Broshuis B.V., falls under a five-year Indefinite Delivery/Indefinite Quantity (IDIQ) production contract awarded in November 2023. The MET trailers will be used to transport Bradley Fighting Vehicles, Armored Multi-Purpose Vehicles, Paladins, and Field Artillery Ammunition Support Vehicles.
Oshkosh (NYSE: OSK) announced a leadership transition with Michael Pack, current CFO, appointed as President of the Vocational segment. Pack succeeds Jim Johnson, who is retiring effective June 30, 2024. A search for a new CFO is underway. Pack has been with Oshkosh for 18 years and has played significant roles in the Fire & Emergency and Commercial segments. CEO John Pfeifer expressed confidence in Pack's ability to lead the Vocational segment, highlighting strong momentum, demand, and innovative product pipelines such as the Volterra electric vehicles.
Oshkosh Defense, a division of Oshkosh (NYSE: OSK), has announced a $108.9 million order from the U.S. Army for additional Family of Medium Tactical Vehicles A2 (FMTV A2) and trailers. This order supports both U.S. Army modernization initiatives and Foreign Military Sales to international partners. The FMTV A2 boasts improved armor protection, enhanced drivetrain, and upgraded suspension systems, offering increased payload capacity and mobility. This partnership underscores Oshkosh Defense's commitment to providing advanced tactical vehicles to U.S. and allied forces globally.
Oshkosh (NYSE: OSK) will be participating in Deutsche Bank’s 15th Annual Global Industrials, Materials & Building Products Conference. This event is scheduled for June 5, 2024, at 2:00 p.m. EDT and will include a fireside chat. The event will be webcast, accessible via the company's website. Oshkosh is known for its innovative, mission-critical equipment used globally, and employs approximately 17,000 people. The company operates under various brands such as JLG®, Pierce®, and Oshkosh® Defense, and serves over 150 countries.
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