Welcome to our dedicated page for Oshkosh Truck news (Ticker: OSK), a resource for investors and traders seeking the latest updates and insights on Oshkosh Truck stock.
Oshkosh Corporation reports recurring developments in purpose-built vehicles, equipment and services across Access, Vocational and Transport markets. Company news commonly covers earnings results, segment demand, sales mix, price-cost conditions, production activity and outlook commentary tied to aerial work platforms, fire apparatus, refuse and recycling vehicles, airport equipment, defense vehicles and postal transportation programs.
Oshkosh updates also feature its operating brands and businesses, including JLG, Pierce, McNeilus, Oshkosh Airport Products, Oshkosh AeroTech, Oshkosh Defense and Pratt Miller. Recurring themes include defense mobility and sustainment systems, JLTV-based platforms, advanced manufacturing support, connected-vehicle technology and refuse-contamination detection developed for municipal and commercial waste operations.
Oshkosh Corporation (NYSE: OSK) reported strong fiscal 2023 first quarter results, achieving sales of $2.27 billion, a 17% increase year-over-year. The company posted net income of $88.5 million or $1.34 per diluted share, a substantial recovery from a loss in the prior year. Adjusted earnings were $104.6 million, or $1.59 per share. A record backlog of $15 billion was noted, driven by high demand for access products, with an order volume of $1.2 billion. Operating income saw a remarkable 311.3% rise to $130.8 million, while the company raised its fiscal 2023 guidance, projecting adjusted EPS in the range of $6.00 and net sales around $8.65 billion. A quarterly cash dividend of $0.41 per share was also declared.
Oshkosh Corporation (NYSE: OSK) will exhibit at the Advanced Clean Transportation (ACT) Expo in Anaheim, California, from May 1-4, 2023. This event is the largest in the U.S. focused on advanced transportation technologies. With nearly 30 years of experience in electrification, Oshkosh will showcase several battery-electric vehicles, including the Pierce® Volterra™ fire truck and the world's first all-electric scissor lift, the JLG® DaVinci™. Attendees can experience a mixed reality presentation of North America’s first fully integrated zero-emission electric refuse collection vehicle. Additionally, senior vice president Nader Nasr will lead a session on zero-emission refuse trucks on May 3, from 1-2:15 p.m. PDT.
Oshkosh Corporation (NYSE: OSK) has announced a strategic investment in Baraja Pty, Ltd., an Australian startup specializing in advanced LiDAR solutions. This investment aligns with Oshkosh's commitment to enhancing product safety and autonomy features.
The partnership aims to develop high-performance LiDAR technologies capable of meeting the demands of harsh environments, using unique solid-state scanning optics. This technology is designed to facilitate Level 4 autonomous driving, making Oshkosh products safer and more efficient.
Oshkosh emphasizes that it is investing strategically to be a market leader in innovative safety features, ensuring reliability and enhanced functionality of its product offerings.
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.
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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.
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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.