Oshkosh’s 1Q Income Rises to $46.2 Million
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.
