Oshkosh's Third-Quarter Income Nearly Doubles
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.