Oshkosh Reports Strong Q4 Sales and Earnings
Oshkosh, the Wisconsin-based commercial vehicle manufacturer, has announced impressive sales and earnings for the fourth quarter. The company attributes its success to price increases and has also provided optimistic sales guidance for the upcoming year.
Q4 Financial Performance
Oshkosh reported a profit of $150.8 million, or $2.28 per share, compared to $75.1 million, or $1.14 per share, in the same period last year. After adjusting for amortization and other one-time costs, earnings were $2.56 per share, surpassing analysts' expectations of $2.24 per share.
Moreover, sales increased by approximately 12% to $2.47 billion, primarily driven by price increases and a $192 million boost from acquisitions. Analysts had anticipated sales of $2.46 billion.
Optimistic 2024 Outlook
Looking ahead, Oshkosh has set ambitious targets for 2024. The company aims to achieve earnings of $9.45 per share, with adjusted earnings of $10.25 per share. Analysts had predicted adjusted earnings of $10.28 per share for the same year.
Oshkosh also projects sales of about $10.4 billion for 2024, surpassing analysts' expectations of $10.07 billion.
For more information, please contact Will Feuer (Email Address).
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