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) announced the retirement of CEO Wilson R. Jones effective April 2, 2021, after over 15 years with the company. John C. Pfeifer, the current President and COO, will succeed him. Under Jones, the company experienced significant growth and fostered a 'People First' culture. Pfeifer is recognized for his leadership during key strategic initiatives and the pandemic response, bringing over 25 years of experience in management. The transition aims to sustain innovation and value creation for stakeholders.
Oshkosh Corporation (NYSE: OSK) reported Q4 fiscal 2020 net income of $100 million, or $1.46 per diluted share, down from $150 million, or $2.17 per share in Q4 fiscal 2019. Consolidated net sales decreased 18.7% to $1.78 billion, driven by a 39% decline in the Access Equipment segment due to COVID-19. Adjusted net income was $89.3 million, or $1.30 per diluted share. Despite challenges, the Defense segment saw a 6.4% sales increase. A quarterly cash dividend of $0.33 was declared, marking a 10% increase from the prior dividend.
Oshkosh Corporation (NYSE:OSK) will announce its fiscal year 2020 fourth quarter and full year financial results on October 29, 2020, at 9:00 a.m. EDT. Investors are encouraged to join the live webcast available on the company's website. Oshkosh is a leader in mission-critical vehicles and equipment, employing over 15,000 people worldwide and serving customers in over 150 countries. The company emphasizes its commitment to innovation and operational excellence across its various brands, including Oshkosh Defense and JLG.
Oshkosh Defense, a subsidiary of Oshkosh Corporation (NYSE: OSK), has secured a contract from the Belgium Ministry of Defence for 322 Command and Liaison Vehicles (CLVs). The vehicles are based on the Joint Light Tactical Vehicle (JLTV) platform currently used by the U.S. military. This marks Oshkosh's first large direct commercial sale of JLTV-based vehicles. The CLV aims to enhance Belgian military capabilities with advanced protection and interoperability with NATO allies.