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Oshkosh's Third-Quarter Income Nearly Doubles


kscarbel
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Transport Topics / July 30, 2013

Oshkosh Corp.’s fiscal third-quarter income nearly doubled on higher access-equipment sales.

Net income rose to $148.4 million from $77.1 million a year ago, the specialty truck maker said.

Earnings per share rose to $1.67 from 84 cents, and sales for the fiscal quarter ended June 30 rose 2.1% to $2.2 billion.

Oshkosh’s access-equipment division sales rose 15.6% to $941.5 million on replacement demand in North America.

Commercial segment sales rose 10.5% to $194.7 million on higher demand in the concrete-mixer market.

Defense sales declined 8.2% to $879.6 million, and fire and emergency segment sales declined 11% to $204.3 million.

The company boosted its full-year earnings outlook to a range of $3.60 to $3.70 per share from a range of $2.90 to $3.15.

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OTC is once of the few remaining US companies that continues to grow & thrive regardless of the rest of the nation. In their history of buyouts & acquisitions, every addition has dramatically increased the global position for OTC to continue to grow. Also, each of the acquisitions have shared in the growth their respective brands.

Richard Mark

Owner / Master Model Maker

Industrial Model Design
Ap40rocktruck

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Even though the numbers above say otherwise their defense segment is what has kept them alive this long, every HET, HEMMTT, PLS,etc in the US and other countries inventory is built by OshKosh and they just sold a bunch of new M1070 HETs to the Army as of this year. Of course they're powered by an Acert Cat nownot the tried and proven Detroit 8V92 so they'll be back in for rebuild real soon.

"Any Society that would give up a little LIBERTY to gain a little SECURITY will Deserve Neither and LOSE BOTH" -Benjamin Franklin

"If your gonna be STUPID, you gotta be TOUGH"

"You cant always get what you want, but if you try sometimes you get what you need"

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