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.
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McNeilus Truck and Manufacturing, a subsidiary of Oshkosh Corporation (NYSE: OSK), has been awarded the Constructech Top Product award for its FLEX Controls™ system, marking its sixth consecutive win. This award recognizes exceptional technology in the construction industry. The FLEX Controls system enhances efficiency and user experience in concrete mixer trucks, offering features that reduce operational costs by up to 5%. The award highlights McNeilus's commitment to innovation and customer involvement in product development.
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.
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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.