Oshkosh’s 1Q Income Rises to $46.2 Million

Oshkosh Corp.

Oshkosh Corp.’s first-quarter income rose to $46.2 million from $38.9 million a year ago, the specialty truck maker said Friday.

Earnings per share rose to 51 cents from 43 cents, and sales for the fiscal quarter ended Dec. 31 fell 6.1% to $1.76 billion on lower defense sales.

Oshkosh reported higher sales in all non-defense segments, particularly its access-equipment division, where sales rose 15.1% to $581.2 million.

Commercial segment sales rose 3.3% to $177.3 million on higher demand in the concrete-mixer market.

In December, investor Carl Icahn dropped his bid for Oshkosh after failing to receive enough shareholder support.


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