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Strong Defense Results Can’t Offset Commercial Woes At Oshkosh

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Oshkosh Truck Corp. [OSK] yesterday swung to a net operating loss in its second quarter due to the ongoing global recession despite a strong performance from the company's military truck business. Operating losses were $17.7 million versus operating income of $72.6 million a year ago as sales plummeted 27 percent to $1.3 billion from $1.8 billion due to a precipitous drop in demand worldwide for access equipment and cement trucks due to severe weakness in the construction markets. Revenues were…

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