Jan. 27 Roundup: Oshkosh, Caterpillar Earnings Decline
Specialty truck maker Oshkosh Corp. reported its fiscal first-quarter profit declined from a year ago, and Caterpillar Inc. said its fourth-quarter income fell.
Oshkosh's net income was $34.7 million, or 43 cents per share, down from $54.9 million, or 63 cents, a year earlier.
Revenue for the quarter ended Dec. 31 was $1.35 billion, down 11.6% from the same period last year, the company said Jan. 27.
The Oshkosh, Wisconsin-based company's commercial segment sales rose 9.1% to $210.2 million, while access equipment sales gained 7.2% to $716.7 million.
Fire and emergency sales fell 15.6% to $167 million, and defense sales plunged $44.1% to $269.3 million.
John Sommers II for TTOshkosh reaffirmed its projected fiscal-year 2015 adjusted earnings of $4 to $4.25 per share and sales of $6.5 billion to $6.6 billion.
Caterpillar reported its fourth-quarter net income declined to $757 million, from $1.03 billion a year earlier.
Earnings per share for the Peoria, Ill.-based company declined to $1.23 per share, compared with $1.54 a year earlier. Revenue declined to $14.24 billion from $14.4 billion a year earlier.
Caterpillar said it expects full-year 2015 earnings per share of about $4.60 per share, or $4.75 per share excluding restructuring costs.
