Latest news with #Oshkosh
Car and Driver
12 hours ago
- Automotive
- Car and Driver
USPS EV Trucks Are Still Funny-Looking, Now Harder to Kill Off
A new ruling by the U.S. Senate parliamentarian requires a supermajority to scrap existing U.S. Postal Service EV plans. There are 7200 EVs in the USPS fleet, with new replacements for the old fleet coming in at a split of 50/50 for EV and combustion power. The Oshkosh Next Gen delivery van has polarizing styling, but the mail carriers love it. The battle over the U.S. Postal Service's electrification plans had a new front drawn recently, with U.S. Senate parliamentarian Elizabeth MacDonough declaring that a supermajority vote would be required to scrap existing EVs and charging infrastructure. Currently, the USPS has purchased 7200 EVs and spent $500 million on charging infrastructure, and the tax and spending bill before Congress had been looking to overturn the electrification mandate set under the Biden administration. That mandate laid out provisions for a minimum of 45,000 electric delivery vans, with an additional 10,000 Ford E-Transit vans ordered on top of that figure. The USPS fleet of 160,000 delivery vehicles has been being replaced with a near 50/50 split between EVs and combustion-powered machines, and by next year the replacements would be all EVs. The original Grumman LLV delivery vans used by the USPS were an improvement over the buckboard Jeep DJs they replaced, but that replacement dates back to the 1970s. The Oshkosh Next Generation Delivery Vehicles might look like background traffic in a Pixar film, but they are a huge improvement for comfort and safety, and already beloved by mail carriers. Caleb Miller | Car and Driver Politics aside, electrification of mail delivery is one of the more easily planned fleet rollouts. A fire truck, ambulance, or other emergency service vehicle may service a particular area, but it doesn't have a set route. A mail carrier van runs the same path several times a week, so fleet managers can plot out service, charging times, and so on. Further, with all that stopping and starting, battery regeneration saves wear on brakes. Canada Post Canada Post's Morgan Olson C250e electric delivery truck. North of the border, Canada Post has been replacing and supplementing its fleet of hybrid Ford Transit vans with the Morgan Olson C250 (above). Available as the all-electric C250e, with a battery-powered driveline sourced from Rivian, this conventional step van isn't as radical-looking as the USPS Next Gen machine, but it serves the same purpose and is based on the same pragmatic reasoning. With a supermajority requirement in place, the USPS fleet replacement rules will likely generate further legislation around timelines, with more debate to be had. The USPS points out that simply canceling contracts, mothballing existing vehicles, and ripping up infrastructure would create considerable waste, some $1.5 billion lost. Scott Olson via Getty Grumman LLV trucks are outdated. Meanwhile, the era of the Grumman LLV simply can't persist. Especially in these hot summer months, the vans are too hot, too hard on mail carriers, and are built to 1970s safety standards. Whether pure battery EV, hybrid, or small-displacement combustion power, neither rain nor heat nor gloom of night nor political wrangling will stay the USPS fleet from its much needed modernization. Brendan McAleer Contributing Editor Brendan McAleer is a freelance writer and photographer based in North Vancouver, B.C., Canada. He grew up splitting his knuckles on British automobiles, came of age in the golden era of Japanese sport-compact performance, and began writing about cars and people in 2008. His particular interest is the intersection between humanity and machinery, whether it is the racing career of Walter Cronkite or Japanese animator Hayao Miyazaki's half-century obsession with the Citroën 2CV. He has taught both of his young daughters how to shift a manual transmission and is grateful for the excuse they provide to be perpetually buying Hot Wheels. Read full bio
Yahoo
3 days ago
- Business
- Yahoo
The 5 Most Interesting Analyst Questions From Oshkosh's Q1 Earnings Call
Oshkosh's first quarter results fell below Wall Street's expectations, with revenue and non-GAAP profit both missing consensus estimates. Management attributed the underperformance primarily to softer market conditions in the Access equipment segment, where North American sales declined, and to higher operating expenses. CEO John Pfeifer noted that pricing power and improved operations in Vocational vehicles partially offset these challenges, but persistent headwinds in Access weighed on overall results. On the call, executives highlighted 'solid progress' in ramping up Defense segment production, but expressed caution over the impact of recently announced tariffs on key components and supply chain costs. Is now the time to buy OSK? Find out in our full research report (it's free). Revenue: $2.31 billion vs analyst estimates of $2.42 billion (9.1% year-on-year decline, 4.5% miss) Adjusted EPS: $1.92 vs analyst expectations of $2.04 (5.8% miss) Adjusted EBITDA: $245.4 million vs analyst estimates of $249.9 million (10.6% margin, 1.8% miss) Operating Margin: 7.6%, down from 10.2% in the same quarter last year Backlog: $14.55 billion at quarter end, down 11% year on year Market Capitalization: $7.12 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Stephen Volkmann (Jefferies) asked whether Oshkosh could offset new tariff costs through pricing, as it had in past cycles. CEO John Pfeifer explained their approach is to minimize passing costs to customers and focus on supply chain mitigation, noting the current demand environment is less robust than during previous inflationary periods. Mig Dobre (Baird) pressed for clarity on which countries and components are most exposed to tariffs. CFO Matt Field clarified that the Access segment is most affected due to its global supply chain, particularly from China, while Vocational and Defense are more U.S.-centric. Jamie Cook (Truist) questioned how much of the tariff impact and mitigation would fall on the Access segment. Field confirmed that most direct tariff costs would affect Access, with cost-saving efforts spread more broadly across the company. Chad Dillard (Bernstein) inquired about the timing and composition of mitigation actions. Field said most impact and mitigation would occur in the second half of the year, with a mix of cost controls and price adjustments, while Pfeifer stressed ongoing supply chain reorganization as a longer-term solution. Kyle Menges (Citi) asked about weaknesses in telehandler sales and the impact of losing a major contract. Pfeifer acknowledged some impact but emphasized that Oshkosh's market share in telehandlers continues to grow and that Q1 is not indicative of full-year segment health. In the coming quarters, our team will be watching (1) the effectiveness of Oshkosh's tariff mitigation measures and whether cost reductions offset expected earnings headwinds, (2) the pace at which NGDV production ramps to full rate for the U.S. Postal Service, and (3) trends in Access equipment demand, especially as private construction markets remain sluggish. The ability to sustain Vocational segment momentum and manage evolving supply chain risks will also be important markers. Oshkosh currently trades at $110.54, up from $88.34 just before the earnings. Is the company at an inflection point that warrants a buy or sell? Find out in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
3 days ago
- Automotive
- Business Wire
The Netherlands MoD Signs Agreement for Oshkosh Dutch Expeditionary Vehicle (DXPV)
OSHKOSH, Wis.--(BUSINESS WIRE)--Oshkosh Defense Europe B.V. together with Oshkosh Defense, LLC, an Oshkosh Corporation [NYSE: OSK] business, announced today the signing of a significant agreement with the Netherlands Ministry of Defense (MoD) for the procurement of 150 Dutch Expeditionary Patrol Vehicles (DXPV), known as the 'Kaaiman.' 'This agreement reflects the continued global interest in the Oshkosh JLTV platform and reinforces our role as the only Original Equipment Manufacturer (OEM) authorized to offer it to international customers through Direct Commercial Sales.' The signing ceremony, held on June 25, 2025, in Doorn, Netherlands, marks a key milestone in the Netherlands' ongoing modernization of its expeditionary capabilities and highlights Oshkosh's continued position as the trusted choice for international allies. The Oshkosh DXPV is derived from the proven Oshkosh Joint Light Tactical Vehicle (JLTV) platform. It brings together decades of engineering expertise and operational excellence, offering the Dutch Marines a next-generation solution tailored for modern missions and expeditionary operations. The vehicle delivers unmatched off-road mobility, high speed, and seamless interoperability with NATO forces to support the Netherlands' success in diverse and challenging environments. 'We are honored to work alongside the Royal Netherlands Marine Corps in delivering the Kaaiman,' said Pat Williams, Chief Programs Officer at Oshkosh Defense. 'This agreement reflects the continued global interest in the Oshkosh JLTV platform and reinforces our role as the only Original Equipment Manufacturer (OEM) authorized to offer it to international customers through Direct Commercial Sales.' With this agreement, the Netherlands joins a growing list of international partners selecting the tested and fielded JLTV platform to strengthen their ground forces. The DXPV will enhance the mobility, survivability, and effectiveness of the Dutch Marines, providing mission readiness in both joint and allied operations. About Oshkosh Defense Oshkosh Defense is a global leader in the design, production and sustainment of best-in-class military vehicles, technology solutions and mobility systems. Oshkosh develops and applies emerging technologies that advance safety and mission success. Setting the industry standard for sustaining fleet readiness, Oshkosh ensures every solution is supported worldwide throughout its entire life cycle. Oshkosh Defense, LLC is an Oshkosh Corporation business [NYSE: OSK]. Learn more about Oshkosh Defense at About Oshkosh Corporation At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people's lives. Oshkosh products can be found in more than 150 countries under the brands of JLG ®, Pierce ®, MAXIMETAL, Oshkosh ® S-Series™, Oshkosh ® Defense, McNeilus ®, IMT ®, Jerr-Dan ®, Frontline™ Communications, Oshkosh ® Airport Products, Oshkosh AeroTech™ and Pratt Miller. For more information, visit ®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies. Forward Looking Statements This news release contains statements that the Company believes to be 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company's future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as 'may,' 'will,' 'expect,' 'intend,' 'estimate,' 'anticipate,' 'believe,' 'should,' 'project' or 'plan' or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions, and other factors, some of which are beyond the Company's control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include risks related to the Company's ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company's filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news release. Investors should be aware that the Company may not update such information until the Company's next quarterly earnings conference call, if at all.
Business Insider
4 days ago
- Business
- Business Insider
Citi Keeps Their Buy Rating on Oshkosh (OSK)
Citi analyst Kyle Menges maintained a Buy rating on Oshkosh (OSK – Research Report) today and set a price target of $130.00. The company's shares closed today at $108.67. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Menges is a 3-star analyst with an average return of 4.6% and a 65.45% success rate. Menges covers the Industrials sector, focusing on stocks such as Cummins, Deere, and Oshkosh. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oshkosh with a $116.92 average price target. OSK market cap is currently $7.02B and has a P/E ratio of 11.65.
Travel Weekly
4 days ago
- Business
- Travel Weekly
Fox World Travel
2024 sales: $704.4 million Previous ranking: 32 Employees: 339 full-time, 5 part-time 2150 S. Washburn St. Oshkosh, WI 54904 Phone: (920) 236-8000 Website $704.4 million32339 full-time, 5 part-time2150 S. Washburn WI 54904Phone: (920) 236-8000 Executives EXECUTIVE CHAIRMAN: David Juedes CEO: Chip Juedes COO: Beth Marino CHIEF INFORMATION OFFICER: Sam Hilgendorf CHIEF CULTURE OFFICER: Audra Mead CFO: Megan Pruno COMPANY FACTS * Privately held. * David and Chip Juedes are majority shareholders. * Owns Fox Meetings and Incentives, Fox Group Vacations. * Sells directly to consumers. * Sales: 92% business, 7% leisure, 1% meetings and incentives. * A BCD Travel affiliate and a member of Signature Travel Network. DEVELOPMENTS * Introduced assistant, Colby AI, to enhance service delivery by automating routine tasks, enabling agents to focus on high-value client interactions. * Added industry veteran Tim Fleming as a strategic growth advisor and expanded the business travel sales team to strengthen the company's national presence and expertise. * Defined itself as a "beacon of stability" amid the challenges of the fluctuating travel landscape. * Earned awards, including Top Workplaces' Culture Excellence Award and a Gold Stevie Award for sales and customer service, and inclusion on Inc. magazine's list of fastest-growing companies in the Midwest. LOOKING AHEAD * Planning to expand VIP services with tiers of premium service to Fox travelers. * Releasing Fox Connect, its centralized travel management portal, integrating essential services for travelers and travel managers, enhancing productivity and optimizing travel programs. The portal offers experiences tailored to individual user roles and access levels. * Integrating Fox Connect into Colby AI for access to data, personalized insights and streamlined reporting. * Releasing its Prevent Trafficking Toolkit and Sustainability Plan, exemplifying its focus on social responsibility. * Company has a positive outlook for 2025 but acknowledges current uncertainty facing businesses and consumers. * In-person group gatherings continue to see strong booking trends.
