Oshkosh Truck Corporation (OSK)

[Investorman]

Those fire trucks must be moving....

Oshkosh reported net income of $46.2 million, or $0.51 per share, a year-over-year gain of 18.6 percent, and smashing expectations by nearly 20 cents. Revenues decreased 6.31 percent to $1.76 billion, but still came in slightly ahead of expectations. Consolidated operating income grew to 4.6 percent of sales, or $80.6 million, compared to 4 percent of sales a year ago.

“Our strong first quarter performance and other positive developments, give us confidence to raise our full-year outlook for adjusted diluted earnings per share to a range of $2.80 to $3.05,” Szews added.

Oshkosh’s access equipment segment and its fire and emergency segment performed the strongest last quarter. Access equipment grew its sales 15.1 percent, while fire and emergency grew 20.7 percent. While economic headwinds may have buffeted the company in the past, it’s clear that Oshkosh is seeing tremendous success as a result of recovering conditions combined with leaner, more efficient operations.