Oshkosh Truck Stock Price, News & Analysis

Oshkosh (NYSE: OSK) reported Q3 2024 results with net sales of $2.74 billion, up 9.2% year-over-year. Net income was $180.3 million, or $2.75 per diluted share, compared to $183.7 million, or $2.79 per share in Q3 2023. Adjusted earnings were $2.93 per share. The company updated its 2024 guidance, lowering expectations to approximately $10.00 EPS and $11.35 adjusted EPS, with projected net sales of $10.6 billion due to softening in the North American access equipment market. The board declared a quarterly dividend of $0.46 per share.

Oshkosh (NYSE: OSK) has announced that it will release its third quarter 2024 financial results on Wednesday, October 30, 2024. The company will discuss these results during a live webcast starting at 9:30 a.m. EDT on the same day. Investors can access the webcast at investors.oshkoshcorp.com approximately 15 minutes before the event. Presentation slides will be available on the website on the morning of October 30.

Oshkosh , headquartered in Wisconsin, is a leading innovator of purpose-built vehicles and equipment. The company employs over 18,000 team members worldwide and its products are found in more than 150 countries under various brand names including JLG®, Pierce®, MAXIMETAL, Oshkosh® Defense, McNeilus®, and others.

Oshkosh Defense, an Oshkosh [NYSE: OSK] business, is showcasing advanced technology at the AUSA 2024 annual meeting in Washington, D.C. The company is exhibiting two key systems:

1. ROGUE-Fires: An unmanned ground vehicle for the U.S. Marine Corps, capable of supporting Ground-Based Anti-Ship Missile operations and performing distributed logistics. Oshkosh began low-rate initial production in October 2023.

2. Stryker Double V Hull with 30mm Medium Caliber Weapon System (MCWS): A lethality solution for Stryker Brigade Combat Teams, now integrated with a Javelin anti-tank guided missile launcher. Over 100 systems have been delivered, with fielding expected in early 2025.

The MCWS completed Follow-on Operational Test and Evaluation in May 2024, incorporating soldier feedback into its design. Oshkosh Defense leadership will be available to discuss their entire portfolio at AUSA 2024 in booth #7027.

Oshkosh (NYSE: OSK) has been recognized as one of the World's Most Trustworthy Companies of 2024 by Newsweek, ranking No. 3 in the USA in the Vehicles & Components Services category. This recognition highlights Oshkosh's commitment to responsible development of purpose-built vehicles, equipment, and technologies.

The evaluation, conducted in partnership with Statista, considered companies with revenues over $500 million USD across 23 industries in 20 countries. Companies were rated on customer trust, investor trust, and employee trust. Oshkosh has also received other notable recognitions, including being named one of America's Most Responsible Companies and one of the World's Most Ethical Companies for the ninth consecutive year.

Headquartered in Wisconsin, Oshkosh employs over 18,000 team members worldwide and produces innovative, mission-critical equipment for everyday heroes. Their products can be found in more than 150 countries under various brand names.

Oshkosh (NYSE: OSK) has secured an order for 100 McNeilus® Volterra™ ZSL™ electric refuse and recycling collection vehicles from Republic Services, Inc. (NYSE: RSG). This follows a successful initial deployment and reinforces Republic Services' commitment to sustainability. The order supports Republic's goal of having electric vehicles comprise half of its new truck purchases over the next five years and aims to reduce greenhouse gas emissions by 35% by 2030.

The Volterra eRCV is the industry's first fully integrated electric refuse vehicle, designed to operate a full day's route on a single charge. It features advanced safety systems, including 360-degree cameras and automated braking. The vehicles will be deployed across multiple states, contributing to Republic Services' environmental initiatives while offering operational efficiency and driver comfort.

Oshkosh (NYSE: OSK) has announced that the Science Based Targets initiative (SBTi) has validated its science-based greenhouse gas (GHG) emissions reduction targets. The company commits to near-term targets of reducing absolute scope 1 and 2 GHG emissions by 57.7% by 2033 from a 2021 base year and reducing absolute scope 3 GHG emissions by 32.5% by 2033 from a 2022 base year. Long-term targets include reducing absolute scope 1 and 2 GHG emissions by 90% by 2050 and scope 3 GHG emissions by 90% by 2050.

Oshkosh's strategy focuses on energy reduction, increased use of renewable energy, and value chain collaboration. The company has been recognized for its sustainability efforts, including being named one of USA Today's Climate Leaders 2024 and inclusion in the Dow Jones Sustainability World Index for five consecutive years.

Oshkosh Defense, a subsidiary of Oshkosh (NYSE: OSK), has received a $72.9 million order from the U.S. Army for additional Family of Medium Tactical Vehicles (FMTV) A2. This marks the fourth FMTV A2 order in 2024, following a $108.9 million order in May. The FMTV A2 is important for the Army's modernization strategy and mission readiness, known for its versatility and reliability in various terrains.

To date, Oshkosh has received orders for 2,677 FMTV A2s, with initial fielding planned for Q4 2024. The company emphasizes its commitment to engineering innovation and manufacturing expertise in designing vehicles that adapt to dynamic mission demands and surpass performance requirements.

Oshkosh (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, will participate in the annual Jefferies Industrials Conference. The company's president and CEO, John Pfeifer, will present in a fireside chat scheduled for September 4, 2024, at 3:05 p.m. EDT. A live webcast of the presentation will be available on the company's website, with a replay accessible approximately 2 hours after the event.

Oshkosh , headquartered in Wisconsin, employs over 18,000 team members worldwide and operates in more than 150 countries. The company manufactures innovative, mission-critical equipment under various brands, including JLG®, Pierce®, Oshkosh® Defense, and McNeilus®, among others. Oshkosh's products serve everyday heroes and advance communities globally.

Oshkosh Defense, a subsidiary of Oshkosh (NYSE: OSK), has been awarded a $1.54 billion contract by the U.S. Army for the Family of Heavy Tactical Vehicles (FHTV) V program. This five-year contract allows Oshkosh to continue delivering new and recapitalized Heavy Tactical Vehicles and associated trailers until 2031.

The FHTV fleet includes the Heavy Expanded Mobility Tactical Truck (HEMTT A4), Palletized Load System (PLS A1), PLS Trailer, and Heavy Equipment Transporter (HET A1). Oshkosh plans to integrate enhanced capabilities into the fleet through targeted upgrades, focusing on modernization, extended vehicle life, and reduced operating costs. These upgrades may include drive-by-wire capability, Condition Based Maintenance, electrification, and fuel efficiency improvements.