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) will participate in a fireside chat at Credit Suisse’s 10th Annual Global Industrials Conference on November 30, 2022. The discussion will begin at 8:45 a.m. EST and will be available via webcast. Interested participants can access the webcast through the Oshkosh Corporation website 15 minutes prior to the event.
The company, based in Wisconsin, specializes in mission-critical vehicles and employs around 15,000 team members globally, focusing on making a positive impact in communities worldwide.
Oshkosh Corporation (NYSE: OSK) has announced its agreement to acquire Hinowa S.p.A., a manufacturer of track-based aerial work platforms and lift trucks. This acquisition aims to enhance Oshkosh's electrification capabilities and broaden its product portfolio, particularly in Europe. The strategic move follows a successful 12-year partnership with JLG, a subsidiary of Oshkosh. The transaction is expected to close within 90 days, pending customary conditions.
Oshkosh Corporation (NYSE: OSK) has been awarded Forrester’s 2022 Technology Strategy Impact Award for its successful technology strategy focused on customer-centric operations. This recognition highlights Oshkosh's commitment to digital transformation and enhancing technology capabilities, which have resulted in the automation of over 100,000 annual work hours and improved cybersecurity. The award was announced at Forrester’s Technology & Innovation North America Event in Austin, Texas. The company aims to adapt to evolving technology demands and accelerate growth.
Oshkosh Corporation (NYSE: OSK) reported Q3 fiscal 2022 sales of $2.07 billion, up 0.2% year-over-year. Net income decreased to $59.3 million ($0.90 per share), down from $89.7 million ($1.30 per share) in Q3 2021. Adjusted EPS was $1.00. The company declared a quarterly cash dividend of $0.37 per share. Supply chain disruptions were noted as a key challenge, leading to an estimated revenue shortfall of $130 million. Despite this, the Access Equipment segment saw 23% revenue growth.
Oshkosh Corporation (NYSE: OSK) will release its third quarter 2022 financial results on October 27, 2022, at 9:30 a.m. EDT. The results will be discussed in a live webcast accessible via their website. Oshkosh is renowned for its innovative mission-critical vehicles and essential equipment, employing around 15,000 individuals globally. The company serves over 150 countries under various brands, including JLG®, Oshkosh® Defense, and McNeilus®.
Oshkosh Corporation (NYSE: OSK) announces the retirement of John Bryant, President of Oshkosh Defense, effective November 1, 2022. Tim Bleck, previously Vice President of Finance for the Defense segment, will succeed him. Bryant will support the transition until June 30, 2023. Under Bryant's leadership, Oshkosh Defense secured significant program wins and expanded into new markets. Bleck, with extensive experience in defense and financial strategy, aims to drive growth and deliver value to shareholders.
Oshkosh Corporation (NYSE:OSK) announces a collaboration with SSAB to prototype fossil-free steel applications in McNeilus refuse collection vehicles. This initiative marks the first use of this sustainable steel in the U.S., aiming to create advanced, environmentally friendly vehicles. Both companies emphasize their commitment to sustainability and reducing emissions. SSAB plans to deliver commercial-scale fossil-free steel by 2026, leveraging hydrogen and renewable energy to minimize carbon output in steel production.
Oshkosh Corporation (NYSE: OSK) will participate in Morgan Stanley’s 10th Annual Laguna Conference on September 15, 2022, starting at 5:35 p.m. EDT. The event will be webcast, and interested participants can access it here.
Oshkosh employs around 15,000 people globally and offers critical equipment used in over 150 countries, with brands like JLG® and Oshkosh® Defense.
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