Oshkosh Truck Stock Price, News & Analysis

Oshkosh Corporation (NYSE: OSK) will present at the Raymond James 42nd Annual Institutional Investors Virtual Conference on March 3, 2021, with the presentation starting at 4:40 p.m. EST. Interested parties can access the live webcast by visiting www.oshkoshcorp.com at least 15 minutes prior to the event. As a leader in mission-critical vehicles and essential equipment, Oshkosh employs over 14,000 individuals globally, offering products in 150 countries under multiple renowned brands.

The U.S. Postal Service has awarded Oshkosh Defense an indefinite delivery, indefinite quantity (IDIQ) contract to produce the Next Generation Delivery Vehicle (NGDV), marking USPS's first large-scale fleet procurement in over 30 years. The contract involves delivering between 50,000 and 165,000 vehicles over a decade. Oshkosh is set to receive $482 million to initiate engineering efforts and production preparations. The vehicles will include zero-emission battery electric and low-emission internal combustion options, contributing to a more sustainable USPS fleet.

Oshkosh Corporation (NYSE: OSK) announced its participation in Citi’s 2021 Global Industrials Virtual Conference on February 17, 2021, starting at 3:30 p.m. EST. The presentation will be available via webcast, with access instructions provided on their website. Oshkosh is committed to producing innovative equipment that supports communities worldwide, employing over 14,000 people globally. Their products are distributed across 150 countries under various brands, including JLG®, Pierce®, and Oshkosh® Defense. For more details, visit oshkoshcorp.com.

Oshkosh Corporation (NYSE: OSK) has announced a strategic investment of $25 million in Microvast, a leader in battery technology for electric vehicles. This investment aligns with Oshkosh’s commitment to electrification and technology advancement. The partnership is expected to enhance product development for commercial and specialty electric vehicles. Oshkosh has been active in the electric sector since the 1990s and continues to innovate across its business segments. The investment includes a joint development agreement for future battery collaboration with Microvast.

Oshkosh Corporation (NYSE: OSK) reported first quarter fiscal 2021 net income of $69.5 million ($1.01 per diluted share), down from $75.7 million ($1.10 per diluted share) in fiscal 2020. Adjusted net income was $77.9 million ($1.13 per diluted share). Consolidated net sales fell by 7.0% to $1.58 billion, influenced by lower Access Equipment and Commercial segment sales. The Defense segment saw a 10.0% sales increase to $550.3 million. The company declared a quarterly dividend of $0.33 per share, payable on February 26, 2021.

Oshkosh Corporation (NYSE: OSK) will host its 2021 annual shareholders’ meeting virtually on February 2 at 8:00 a.m. CST. The meeting will include remarks from CEO Wilson Jones and COO John Pfeifer, accessible via webcast on the Oshkosh website. Oshkosh, based in Wisconsin, employs over 14,000 people and delivers mission-critical equipment in more than 150 countries. Their brands include JLG®, Pierce®, and Oshkosh® Defense. For more details, visit oshkoshcorp.com.

Oshkosh Corporation (NYSE:OSK) has completed the acquisition of Pratt Miller for a cash-free, debt-free purchase price of $115 million. This acquisition aims to enhance Oshkosh's capabilities in artificial intelligence, robotics, autonomous systems, and electrification, positioning it for future growth. Pratt Miller will retain its identity and continue its partnership with General Motors in motorsports. The acquisition is expected to provide immediate access to additional engineering expertise, enhancing product performance.