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 Corporation (NYSE: OSK) is set to release its first quarter 2023 financial results on April 27, 2023, at 9:30 a.m. EDT. The release will be followed by a live webcast accessible through oshkoshcorp.com. Investors are encouraged to log in about 15 minutes prior to the event. Oshkosh is headquartered in Wisconsin and employs around 15,000 staff globally, focusing on creating innovative, mission-critical equipment.
Its products are distributed in over 150 countries through various well-known brands including JLG®, Pierce®, and Oshkosh® Defense. The company aims to support everyday heroes and advance communities worldwide.
Oshkosh Defense, a subsidiary of Oshkosh Corporation (NYSE:OSK), has filed a formal bid protest with the U.S. Government Accountability Office (GAO) concerning the U.S. Army's recent award decision for the Joint Light Tactical Vehicle (JLTV) Follow-On Contract. This protest, initiated on March 6, 2023, follows significant concerns raised by Oshkosh regarding the evaluation of proposals. The company asserts that the government's assessment failed to properly consider the financial and operational capabilities necessary to select the best value solution. As the original designer of the JLTV platform, Oshkosh claims its experience and production capabilities are unmatched.
Oshkosh Corporation (NYSE: OSK) will engage in a fireside chat at the Raymond James 2023 Institutional Investors Conference on March 7, 2023, starting at 9:50 a.m. EST. The event will be available via webcast, accessible through their official site. Oshkosh is a leader in manufacturing purpose-built vehicles and equipment, with a global workforce of approximately 15,000. The company operates in over 150 countries, offering brands such as JLG®, Pierce®, and Oshkosh® Defense. For detailed information, interested participants can visit oshkoshcorp.com.
Oshkosh Corporation (NYSE: OSK) has launched North America’s first fully integrated electric refuse collection vehicle, marking a significant innovation in the refuse industry. This vehicle, designed from the ground up, eliminates the need for a third-party chassis and leverages Oshkosh's nearly 30 years of electrification expertise. Equipped with advanced lithium-ion batteries, it promises zero emissions and a full day’s refuse collection on a single charge. Manufacturing will occur at several Oshkosh facilities, with prototype testing in 2023 and customer deliveries starting in 2024. This move aligns with the company's 'Innovate. Serve. Advance.' growth strategy, emphasizing sustainability and safety.
McNeilus Truck and Manufacturing, a subsidiary of Oshkosh Corporation (NYSE: OSK), is leading advancements in the refuse industry through electrification technology and autonomous solutions. The company has ramped up production on its state-of-the-art manufacturing line, which employs Industry 4.0 technologies like autonomous robotics and a cloud-based manufacturing execution system. McNeilus also expanded its Fleet Solutions program, featuring a new inspection building aimed at improving delivery times and product quality. The company continues to invest in innovation, robotic processes, and a centralized inventory hub, reinforcing its commitment to delivering excellence.
Oshkosh Corporation (NYSE: OSK), known for its mission-critical vehicles and equipment, will participate in a fireside chat at Citi's 2023 Global Industrial Tech and Mobility Conference. The event is set for February 22, 2023, at 1:50 p.m. EST and will be webcast live. Interested parties can access the webcast through the Oshkosh website. Headquartered in Wisconsin, Oshkosh Corporation employs around 15,000 individuals and serves customers in over 150 countries with brands including JLG®, Pierce®, and Oshkosh® Defense.
Oshkosh Corporation (NYSE: OSK) reported fourth quarter sales of $2.20 billion, marking a 23% increase year-over-year. The company achieved a record backlog exceeding $14 billion and reported diluted earnings per share (EPS) of $1.14, with adjusted EPS of $1.60. For fiscal 2022, net income was $173.9 million, with diluted EPS of $2.63. The company anticipates fiscal 2023 EPS in the range of $5.50 and announced an 11% increase in its quarterly cash dividend to $0.41. Oshkosh is forming a new Vocational segment and divesting its rear discharge concrete mixer business.
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