Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Oshkosh Q2 Profit Down - Quick Facts

RELATED NEWS
Trade OSK now with 

Oshkosh Corp. (OSK: Quote) reported second quarter net income attributable to the company of $37.3 million, or $0.41 per share, compared to $67.9 million, or $0.74 per share, in the second quarter of fiscal 2011.

Results for the second quarter of fiscal 2012 included after-tax charges of $0.02 per share related to the proxy contest in connection with the Company's 2012 annual shareholders' meeting and $0.02 per share related to the Company's exit from its U.S. mobile medical trailer product line and workforce reductions at Pierce.

Consolidated net sales in the second quarter of fiscal 2012 were $2.08 billion, an increase of 18.9 percent compared to the prior year second quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.26 per share on revenues of $1.81 billion for the quarter. Analysts' estimates typically exclude special items.

The company increased its outlook for fiscal 2012 primarily due to stronger than expected orders and sales in the access equipment segment in the second quarter of fiscal 2012. The Company now expects sales in the access equipment segment will be 35 percent to 40 percent higher in fiscal 2012 compared to fiscal 2011 with operating income margins of 7.5 percent to 8.0 percent in the segment.

In addition, the company has reduced expectations for the fire & emergency segment's operating income to approximately breakeven as a result of second quarter results in this segment.

Register
To receive FREE breaking news email alerts for Oshkosh Corporation and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Stocks moved sharply lower over the course of the trading day on Wednesday, adding to the modest weakness seen in the two previous sessions. With the losses on the day, the major averages fell to their lowest closing levels in over a month. Democrats have climbed into the lead on a generic ballot, according to the results of a new CNN/ORC International poll, although the results may not be as positive for the party as they first appear. With spending on private and public construction both showing notable decreases, the Commerce Department released a report on Wednesday showing an unexpected drop in U.S. construction spending in the month of August.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.