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Plunging Defense Sales Send Oshkosh’s Earnings Down In Fourth Quarter

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Hampered by decline in its military truck business, Oshkosh Truck Corp. [OSK] yesterday reported a steep drop in its net income and lower sales in its fourth quarter and its earnings forecast for 2014 was below consensus expectations. Net income dove 57 percent to $35.7 million, 40 cents earnings per share (EPS), from $83.7 million (91 cents EPS) a year ago. Excluding various charges in the current quarter and a year ago, adjusted earnings were $43.6 million (49 cents EPS),…

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