Oshkosh Truck Corporation has reported third quarter net income up 26.5% to $US30.6 million, or $0.85 per share, on sales of $599.8 million for the quarter ended June 30, 2004.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
This compares with net income of $24.2 million, or $0.69 per share, on sales of $538.2 million for last year’s third quarter. As a result of strong third quarter earnings, Oshkosh increased its earnings per share estimate for the full year ending September 30, 2004 from $2.90 to $3.00 per share.
Sales increased 11.5% in the third quarter. Operating income increased 20.2% to $49.2 million, or 8.2% of sales, compared to $40.9 million, or 7.6% of sales, in the prior year’s third quarter.
The company also reported that net income increased 66.9% to $82.8 million, or $2.30 per share, for the first nine months of fiscal 2004 on sales of $1,611.2 million compared to $49.6 million, or $1.42 per share, for the first nine months of fiscal 2003 on sales of $1,417.9 million.
Operating income increased 52.9% to $131.0 million, or 8.1% of sales, in the first nine months of fiscal 2004 compared to $85.6 million, or 6.0% of sales, in the first nine months of fiscal 2003.
