Oshkosh Trims FY21 Adj. EPS Outlook; Declares Dividend - Quick Facts

While reporting financial results for the third quarter on Thursday, Oshkosh Corp. (OSK) trimmed its adjusted earnings guidance for the full-year 2021, reflecting the ongoing supply chain-related challenges. The company also declared a quarterly cash dividend.

For fiscal 2021, the company now projects earnings in a range of $7.15 to $7.30 per share and adjusted earnings in a range of $6.35 to $6.50 per share.

Previously, the company expected projects earnings in a range of $6.10 to $6.60 per share and adjusted earnings in a range of $6.35 to $6.85 per share on projected net sales between $7.75 billion and $7.95 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $6.84 per share on net sales of $7.88 billion for the year. Analysts' estimates typically exclude special items.

Further, the Company's Board of Directors today declared a quarterly cash dividend of $0.33 per share of Common Stock, payable on August 30, 2021, to shareholders of record as of August 16, 2021.

"Demand is strong across the markets where we compete, and we remain confident in the outlook for these markets. In particular, we are pleased with growing demand for access equipment, which we believe will remain strong for the foreseeable future," said John Pfeifer, president and CEO.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Oilfield services company Schlumberger Ltd. reported Friday a profit for the fourth quarter that surged 61 percent from last year, reflecting 13 percent higher revenues amid growth across all segments and regions. Both adjusted earnings per share and quarterly revenues topped analysts' estimates. Twitter Inc. has launched a new feature to allow some users of its Blue subscriber service to keep non-fungible tokens or NFTs as their profile pictures. Twitter Blue is now available in the US, Canada, Australia, and New Zealand. NFT is a crypto token, which is non-fungible, meaning that it can neither be transferred like money nor replaced with something else. Frozen Food Development is recalling specific lots of Lidl branded 12-ounce packages of Frozen Chopped Spinach citing the potential to be contaminated with Listeria monocytogenes, the U.S. Food and Drug Administration said. The product comes in 12-ounce poly bags, and items included in the recall are marked with lot # R17742 or R17963 on the back of the poly bag with a best by date of 09/10/23.
Follow RTT