Oshkosh Truck Stock Price, News & Analysis

McNeilus Truck and Manufacturing, part of Oshkosh Corporation (NYSE:OSK), has acquired the CartSeeker™ curbside automation product from Eagle Vision Systems and Waterloo Controls. This acquisition enhances McNeilus' focus on refuse collection vehicle automation, aligning with its innovation strategy. The patented AI-based technology automates waste cart identification and truck operations, potentially improving efficiency and performance in refuse collection.

Oshkosh Corporation (NYSE: OSK) will present at the Raymond James 43rd Annual Institutional Investors Conference on March 8, 2022, starting at 8:05 a.m. EST. The event will be webcast, and interested parties can access it via www.oshkoshcorp.com 15 minutes before the start time. Based in Wisconsin, Oshkosh employs around 15,000 team members globally and provides innovative mission-critical equipment across more than 150 countries.

Oshkosh Corporation (NYSE: OSK) will take part in a fireside chat at Citi’s 2022 Global Industrial Tech and Mobility Conference on February 23, 2022, starting at 1:00 pm ET. The event will be webcast, and interested participants can access it via www.oshkoshcorp.com at least 15 minutes beforehand.

Oshkosh, headquartered in Wisconsin, employs approximately 15,000 team members globally and offers mission-critical vehicles and equipment across over 150 countries.

United States Steel (NYSE:X) and Carnegie Foundry announced a strategic investment partnership aimed at enhancing industrial automation through advanced robotics and AI. This collaboration seeks to innovate solutions for a robust supply chain and emphasizes U. S. Steel's commitment to its Best for All℠ strategy. Carnegie Foundry plans to use the investment to accelerate its automation technologies in various sectors, aligning closely with U. S. Steel's operational goals. Both companies will also join the Carnegie Foundry Board, reinforcing their collaboration.

Oshkosh Corporation (NYSE: OSK) reported a net income of $6.2 million for Q1 FY2022, down from $69.5 million a year prior. Despite a 13.7% increase in consolidated net sales to $1.79 billion, operating income fell 81.2% to $18.0 million due to rising material costs and unfavorable contract adjustments. The company repurchased 1.4 million shares for $150 million and declared a quarterly dividend of $0.37 per share. For FY2022, Oshkosh expects diluted EPS between $5.75 and $6.75, with net sales projected between $8.0 billion and $8.5 billion.

Oshkosh Defense has introduced the first-ever silent drive hybrid-electric Joint Light Tactical Vehicle (JLTV), known as the eJLTV, designed for the U.S. Army and U.S. Marine Corps. This vehicle maintains the fundamental performance and protection of the JLTV while enhancing silent operation, fuel efficiency (over 20%), and exportable power capabilities. Notably, the eJLTV can recharge its battery in just 30 minutes, addressing electrification challenges in tactical vehicles. The U.S. Army plans to recompete the JLTV program with a $6.5 billion contract for 15,468 vehicles expected in September 2022.

McNeilus Truck and Manufacturing, a subsidiary of Oshkosh Corporation (NYSE:OSK), is revitalizing its parts business with a new focus on competitor parts for all makes and models of vehicles. This includes the launch of Street Smart Parts, which provides high-quality replacement parts and is designed to support customers with supply chain challenges. Both Street Smart Parts and McNeilus Genuine Parts offer 24/7 online ordering and lifecycle support, ensuring customer fleets remain operational.

Oshkosh Corporation (NYSE: OSK) will release its financial results for the Stub Period ending December 31, 2021, on January 26, 2022, at 9:00 a.m. ET. This reporting is part of a transition to a new fiscal year that aligns with the calendar year, effective January 1, 2022. The results will be discussed in a live webcast accessible through the company's investor relations website, with slides available on the morning of the event.