Oshkosh Truck Stock Price, News & Analysis

Oshkosh (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, has announced it will release its second quarter 2024 financial results on Wednesday, July 31, 2024. The company will discuss these results during a live webcast at 9:00 a.m. EDT on the same day. Investors can access the webcast at investors.oshkoshcorp.com approximately 15 minutes before the event, with presentation slides available on the morning of July 31.

Oshkosh , headquartered in Wisconsin, employs nearly 17,000 team members worldwide and produces innovative, mission-critical equipment for everyday heroes. The company's products are available in over 150 countries under various brand names, including JLG®, Pierce®, Oshkosh® Defense, and McNeilus®.

Oshkosh Defense, a subsidiary of Oshkosh (NYSE: OSK), has secured orders worth $231.9 million from the U.S. Army Contracting Command – Detroit Arsenal for modernized heavy tactical vehicles. The orders include the production of HEMTT A4 tankers, cargos, wreckers, load handling systems, Common Bridge Transports, and Palletized Load System A1s. Oshkosh will also integrate advanced capabilities into the PLS A1 fleet through recapitalization, extending vehicle life and reducing operating costs. Oshkosh Defense has produced over 50,000 heavy tactical vehicles for the U.S. Military and allies, emphasizing reliability and versatility.

Pat Williams, chief programs officer at Oshkosh Defense, highlighted the importance of the company’s long-standing partnership with the U.S. Army, focusing on modernizing fleet capabilities to support future combat environments. Oshkosh’s commitment to providing durable and flexible heavy tactical vehicles is evident in its continued collaboration with the U.S. Army.

Oshkosh (NYSE: OSK) has published its 11th annual sustainability report, showcasing its commitment to innovation and sustainable practices. The company has introduced several electrified products across various sectors, including construction, fire and emergency, airport ground support, and defense. Key highlights include the McNeilus® Volterra™ ZSL™ zero-emission recycling vehicle, the Pierce® Volterra™ zero-emission fire truck, and the Oshkosh® Striker® Volterra™ ARFF vehicle.

In 2023, Oshkosh manufactured and sold 46,152 electric or hybrid units, reduced GHG emissions by 14.5%, diverted 87.8% of waste from landfills, and recycled or reused 86.1% of non-hazardous waste. The company also contributed $2.6 million and 21,320 volunteer hours to local communities. Recognized for its ethical and sustainable practices, Oshkosh has been listed on the Dow Jones Sustainability World Index and other notable accolades.

Oshkosh Defense, an Oshkosh business, has received a $27.3 million order from the U.S. Army Contracting Command – Detroit Arsenal for 57 Medium Equipment Trailers (MET). The MET trailers are designed to transport combat vehicles up to 60 tons and meet European Highway Road Network Accessibility requirements for payloads up to 45 tons. The six-axle drop deck trailer can navigate under four-meter overpasses and features a hydraulically adjustable suspension. This order, executed with partner Broshuis B.V., falls under a five-year Indefinite Delivery/Indefinite Quantity (IDIQ) production contract awarded in November 2023. The MET trailers will be used to transport Bradley Fighting Vehicles, Armored Multi-Purpose Vehicles, Paladins, and Field Artillery Ammunition Support Vehicles.

Oshkosh (NYSE: OSK) announced a leadership transition with Michael Pack, current CFO, appointed as President of the Vocational segment. Pack succeeds Jim Johnson, who is retiring effective June 30, 2024. A search for a new CFO is underway. Pack has been with Oshkosh for 18 years and has played significant roles in the Fire & Emergency and Commercial segments. CEO John Pfeifer expressed confidence in Pack's ability to lead the Vocational segment, highlighting strong momentum, demand, and innovative product pipelines such as the Volterra electric vehicles.

Oshkosh Defense, a division of Oshkosh (NYSE: OSK), has announced a $108.9 million order from the U.S. Army for additional Family of Medium Tactical Vehicles A2 (FMTV A2) and trailers. This order supports both U.S. Army modernization initiatives and Foreign Military Sales to international partners. The FMTV A2 boasts improved armor protection, enhanced drivetrain, and upgraded suspension systems, offering increased payload capacity and mobility. This partnership underscores Oshkosh Defense's commitment to providing advanced tactical vehicles to U.S. and allied forces globally.

Oshkosh (NYSE: OSK) will be participating in Deutsche Bank’s 15th Annual Global Industrials, Materials & Building Products Conference. This event is scheduled for June 5, 2024, at 2:00 p.m. EDT and will include a fireside chat. The event will be webcast, accessible via the company's website. Oshkosh is known for its innovative, mission-critical equipment used globally, and employs approximately 17,000 people. The company operates under various brands such as JLG®, Pierce®, and Oshkosh® Defense, and serves over 150 countries.

Oshkosh (NYSE: OSK) will showcase its latest electrified vehicles at the 2024 ACT Expo in Las Vegas from May 20-23. The company will feature the Next Generation Delivery Vehicle (NGDV) for the USPS and the McNeilus® Volterra™ ZSL™, North America's first fully integrated electric refuse and recycling collection vehicle. The NGDV emphasizes innovation and reliability, while the Volterra ZSL™ focuses on ergonomics and cost efficiency. Oshkosh will also display a high voltage power distribution unit developed by its Pratt Miller business unit, designed to enhance EV system safety and efficiency. Oshkosh aims to lead in electrifying commercial fleet vehicles, enhancing sustainability and performance.

Oshkosh , a leading provider of mission-critical vehicles and equipment, announced the acquisition of AUSA, a manufacturer of wheeled dumpers and forklifts. The acquisition will expand Oshkosh's product portfolio and market reach, strengthening the partnership with JLG. AUSA's high-quality products will complement JLG's offerings, enhancing the Access segment's equipment portfolio. The acquisition aligns with Oshkosh's growth strategy, with AUSA reporting sales of approximately $132 million euros in 2023. The transaction is expected to close within 90 days.