Oshkosh reports 1Q profit of $56.4M

Freeman Staff

Jan. 26, 2018

OSHKOSH  Oshkosh Corp. (OSK) on Thursday reported fiscal first-quarter profit of $56.4 million.

The Oshkosh-based company said it had net income of 74 cents per share. Earnings, adjusted for one-time gains and costs, came to 84 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.

The heavy vehicle manufacturer for the military, emergency and commercial companies posted revenue of $1.59 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $1.45 billion.

Oshkosh expects full-year earnings in the range of $5 to $5.45 per share.

Oshkosh shares have climbed slightly more than 2 percent since the beginning of the year. The stock has increased 31 percent in the last 12 months.