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) 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.
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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.
Oshkosh Corporation (NYSE: OSK) reported second quarter net income of $26.9 million ($0.41/share), down from $213.9 million ($3.07/share) YoY. Sales dropped 6.5% to $2.07 billion, influenced by reduced Defense segment sales and supply chain issues. Operating income plummeted 65.9% to $69.4 million due to increased material costs and labor inefficiencies. As a result, the company revised fiscal 2022 EPS guidance to approximately $3.25, down from previous expectations of $5.00-$6.00. The Board declared a quarterly dividend of $0.37 per share, payable on August 29, 2022.
Oshkosh Corporation (NYSE: OSK) will release its second-quarter 2022 financial results on July 28, 2022, with a live webcast starting at 9:00 a.m. ET. Interested investors are encouraged to join the webcast via oshkoshcorp.com. The company, headquartered in Wisconsin, produces mission-critical equipment operating in over 150 countries with approximately 15,000 employees. This financial update aims to inform shareholders and potential investors of the company’s current market position.
Oshkosh Corporation (NYSE:OSK) has finalized the acquisition of Maxi-Métal Inc., a leading manufacturer of custom fire apparatus and utility vehicles in Canada. This strategic move aims to enhance Oshkosh's Fire & Emergency segment by leveraging MAXIMETAL's expertise to expand sales and distribution capabilities through Pierce's North American dealer network. Founded in 1983, MAXIMETAL will retain its brand identity, team, and facilities, thus strengthening Oshkosh's position in the Canadian market.