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Sep 30, 2020
Oshkosh Q4 2020 Earnings Report
Oshkosh reported strong Q4 2020 results amidst the global pandemic and announced a 10 percent increase in the quarterly cash dividend.
Key Takeaways
Oshkosh Corporation reported a decrease in net sales by 18.7 percent to $1.78 billion and a decrease in operating income by 37.3 percent to $127.4 million compared to the fourth quarter of fiscal 2019. Despite the challenges posed by the COVID-19 pandemic, the company's adjusted diluted earnings per share was $1.30.
Oshkosh team members delivered strong results in the face of adversity and global uncertainty caused by the COVID-19 pandemic.
Rental company customers continued to limit their spending on new capital equipment, which impacted sales in the fourth quarter.
Defense and Fire & Emergency segments provide a solid foundation to offset the impact of lower sales in the Access Equipment segment.
Oshkosh received a contract from the Belgium Ministry of Defence for more than 300 Joint Light Tactical Vehicles (JLTV).
Oshkosh
Oshkosh
Oshkosh Revenue by Segment
Revenue by Segment
Access Equipment Revenue
CapyFin.comDefense Revenue
CapyFin.com Forward Guidance
While the company is not providing a quantitative outlook for fiscal 2021 due to uncertainty in the access equipment and some commercial markets, they are staying close to customers and will respond to opportunities that arise. The company is confident in the long-term potential of its end markets and will continue to rely on its People First culture.
Revenue & Expenses
Visualization of income flow from segment revenue to net income