Oshkosh Corp. [OSK] posted sharply lower earnings on a modest decline in sales due to weak access equipment sales in the North American and European construction markets, partially offset by improved operating results in the Fire & Emergency and Defense segments. Net income was down 37 percent to $53.6 million, 72 cents earnings per share (EPS), compared to $85.4 million ($1.14 EPS) a year ago. Sales fell over 5 percent to $1.8 billion from $1.9 billion. Oshkosh's Access Equipment segment,…
Slowing Economy Crimps Fourth Quarter Earnings At Oshkosh
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