Oshkosh tops Street 4Q forecasts

Associated Press

Nov. 1, 2017

OSHKOSH  Oshkosh Corp. (OSK) on Tuesday reported fiscal fourth-quarter profit of $93.5 million.

On a per-share basis, the Oshkosh, Wisconsin-based company said it had net income of $1.23. Earnings, adjusted for restructuring costs, came to $1.38 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.

The heavy vehicle manufacturer for the military, emergency and commercial companies posted revenue of $1.96 billion in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $1.88 billion.

For the year, the company reported profit of $285.6 million, or $3.77 per share. Revenue was reported as $6.83 billion.

Oshkosh expects full-year earnings in the range of $4.25 to $4.65 per share, with revenue in the range of $6.9 billion to $7.1 billion.

Oshkosh shares have risen 39 percent since the beginning of the year. The stock has increased 69 percent in the last 12 months.