OSHKOSH CORPORATION Reports Second Quarter Earnings Results for FY 2023
August 6, 2023
🌥️Earnings Overview
For the second quarter of Fiscal Year 2023, OSHKOSH CORPORATION ($NYSE:OSK) reported total revenue of USD 2413.1 million, which was a 16.8% increase from the same period last year. Net income for the quarter amounted to USD 175.0 million, a USD 148.1 million increase from the same quarter of the previous year.
Market Price
On Tuesday, OSHKOSH CORPORATION reported its second quarter earnings results for fiscal year 2023. The news drove the company’s stock to open at $99.0 and close at $101.4. The impressive results were attributed to a number of factors, including increased demand for its products and services, enhanced innovation and productivity initiatives, and cost-saving measures implemented by the company. Looking ahead, OSHKOSH CORPORATION is optimistic about its upcoming earnings report.
The company is confident that it will continue to see sustained growth through its cost-saving initiatives and proactive investments in new technology and products. The company also believes that it is well-positioned to capitalize on the expected recovery in consumer spending and economic activity over the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Oshkosh Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 8.95k | 405.5 | 4.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Oshkosh Corporation. More…
| Operations | Investing | Financing |
| 577.6 | -456.6 | -168.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Oshkosh Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.04k | 4.65k | 52.02 |
Key Ratios Snapshot
Some of the financial key ratios for Oshkosh Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.5% | -3.2% | 6.9% |
| FCF Margin | ROE | ROA |
| 3.1% | 11.7% | 4.8% |
Analysis
GoodWhale has conducted an extensive analysis of OSHKOSH CORPORATION‘s fundamentals, and we’ve determined that the company is a medium risk investment when considering financial and business aspects. Our Risk Rating system takes into account a variety of factors like financial statements, ownership structure, and management team experience. We suggest that potential investors become registered users on our platform to gain access to in-depth analytical information about OSHKOSH CORPORATION’s business and financial areas. By exploring the Potential Risks section, investors can gain a better understanding of the company’s overall risk profile. At GoodWhale, we strive to provide our users with the most up-to-date data and analysis of market fundamentals to help them make informed investment decisions. With the help of our Risk Rating system, investors can get a better idea of how OSHKOSH CORPORATION may perform in the future. More…
Peers
The company has a strong competitive position in the market, with a wide range of products and a strong brand.
However, the company faces competition from a number of other companies, including PACCAR Inc, Tadano Ltd, and Wacker Neuson SE.
– PACCAR Inc ($NASDAQ:PCAR)
PACCAR Inc is a global technology leader in the design, manufacture and customer support of high-performance, energy-efficient diesel engines and electric vehicles. The company’s products are used in a variety of applications including trucking, construction, mining, agriculture, logging and other commercial and industrial applications. PACCAR Inc also provides financial services through its subsidiary, PACCAR Financial Corporation, which offers financing for the purchase of PACCAR products and services.
– Tadano Ltd ($TSE:6395)
Tadano Ltd is a Japanese multinational corporation that manufactures and sells construction machinery, cranes, and other equipment. The company has a market cap of 114.35B as of 2022 and a return on equity of 3.54%. Tadano is a leading manufacturer of construction machinery and cranes, and has a strong global presence. The company’s products are used in a variety of industries including construction, mining, forestry, and material handling.
– Wacker Neuson SE ($OTCPK:WKRCF)
Wacker Neuson SE is a German company that manufactures construction equipment. The company has a market capitalization of 979.39 million as of 2022 and a return on equity of 9.24%. The company’s products include excavators, loaders, and pavers.
Summary
Investors in OSHKOSH CORPORATION were presented with positive news as the company reported strong financial results for the second quarter of Fiscal Year 2023. Total revenue for the period was reported at USD 2413.1 million, a 16.8% year-on-year increase, and net income was reported to have grown by USD 148.1 million from the same quarter of the previous year to USD 175.0 million. These results were reflected in a favorable stock price increase on the same day. With such strong financial performance, it is reasonable to expect that OSHKOSH CORPORATION will continue to be a profitable investment for investors in the future.
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