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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 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.
Oshkosh Corporation (NYSE: OSK) will release its fiscal year 2022 fourth quarter and full year financial results on January 31, 2023, at 9:30 a.m. EST. A live webcast will discuss the results, accessible via oshkoshcorp.com.
Oshkosh is a leading manufacturer of mission-critical vehicles and essential equipment, employing approximately 15,000 people worldwide. The company serves customers in over 150 countries under renowned brands like JLG®, Pierce®, and Oshkosh® Defense.
Oshkosh Corporation (NYSE:OSK) has been recognized for the second consecutive year as one of the Best Places to Work in IT by Foundry’s Computerworld. This accolade reflects the company's commitment to fostering a People First culture and supporting employee growth. In addition to this honor, Oshkosh has received several awards, including the inaugural Forrester’s Technology Strategy Impact Award and recognition as one of the World’s Most Ethical Companies. Oshkosh's innovative approach in providing mission-critical vehicles further reinforces its industry leadership.
Oshkosh Corporation's Oshkosh Defense announced a significant $543 million contract from the U.S. Army for the Joint Light Tactical Vehicle (JLTV) Family. This order supports multiple branches, including the U.S. Marine Corps, U.S. Air Force, and U.S. Navy. Since winning the JLTV contract in 2015, Oshkosh has delivered over 18,500 vehicles and secured 125 patents related to JLTV technologies. The company is well-positioned for future contracts, according to Vice President George Mansfield.
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