Oshkosh Truck Corporation has reported second quarter net income up 59.2% to $22.5 million, or $0.62 per share, on sales of $518.2 million for the quarter ended March 31, 2004. This compares with net income of $14.1 million, or $0.40 per share, on sales of $453.4 million for last year’s second quarter.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Oshkosh also increased its sales and earnings per share estimates for the full year ending September 30, 2004 to $2.085 billion and $2.90 per share, respectively.
Sales increased 14.3% in the second quarter. Operating income increased 43.9% to $35.1 million, or 6.8% of sales, compared to $24.4 million, or 5.4% of sales, in the prior year’s second quarter.
Defence sales increased 28.8% to $168.1 million for the quarter, largely due to higher heavy-payload truck sales to the US Department of Defence and international customers and higher parts sales as a result of the conflicts in Iraq and Afghanistan which more than offset a $32.2 million decrease in MTVR contract sales as the production rate on this contract declined in advance of contract expiration in fiscal 2005.
Commercial sales increased 19.4%, to $217.8 million, for the quarter on strong order intake in the US markets. Operating income decreased 17.1% to $9.4 million, or 4.3% of sales, compared to 6.2% of sales in the prior year quarter.

US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataOshkosh said that net income increased 105.3% to $52.2 million, or $1.46 per share, for the first six months of fiscal 2004 on sales of $1,011.4 million compared to $25.4 million, or $0.73 per share, for the first six months of fiscal 2003 on sales of $879.7 million.
Operating income increased 82.8% to $81.8 million, or 8.1% of sales, in the first six months of fiscal 2004 compared to $44.7 million, or 5.1% of sales, in the first six months of fiscal 2003.