Powerpack

Unlock full stockrow access for only $9.90/month and boost yourself as an investor.

  • Full quarterly history

    Every quarter and TTM period we hold, not just the last 12.

  • Analyst estimates

    Three years of forward estimates and dividend forecasts.

  • Unlimited screener

    All results, unlimited saved screens, email when a screen changes.

  • Unlimited Excel

    Full workbooks and screener exports.

  • Unlimited follows

See Powerpack
Screener Weekly Summary Pricing

Oshkosh Corporation OSK

Industrials  —  Farm & Heavy Construction Machinery
132.75 2.58 1.98% as of 25 Sep
Market cap
$8.0B
P/E
15.1×
Dividend Champion (10y)
Growth Flags show if company had growth for consecutive years
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Oshkosh Corporation (OSK) Business Profile

Updated before January 2025

Company Overview

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer, and marketer of specialty vehicles and vehicle bodies. Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has grown into a global powerhouse in the specialty vehicle industry. Initially established as the Wisconsin Duplex Auto Company, Oshkosh Corporation has a rich history of innovation, particularly in the development of all-wheel-drive systems for heavy-duty vehicles. Over the years, the company has expanded its product portfolio and global footprint, serving customers in over 150 countries.

The company is led by a seasoned executive team, with John C. Pfeifer serving as the President and Chief Executive Officer. Under his leadership, Oshkosh Corporation has continued to focus on innovation, operational excellence, and customer-centric solutions. The company’s leadership team is committed to driving sustainable growth and maintaining its position as a market leader in the specialty vehicle industry.

Core Business Segments

Oshkosh Corporation operates through four primary business segments, each catering to specific market needs:

1. Access Equipment

This segment focuses on the design and manufacture of aerial work platforms and telehandlers. Key products include:

  • JLG Aerial Work Platforms: Used in construction, maintenance, and industrial applications.
  • Telehandlers: Versatile machines designed for material handling in construction and agricultural settings.

2. Defense

The Defense segment provides tactical wheeled vehicles and related services to military and government customers. Key offerings include:

  • Joint Light Tactical Vehicle (JLTV): A next-generation light tactical vehicle designed for superior mobility, protection, and performance.
  • Heavy Expanded Mobility Tactical Truck (HEMTT): A highly durable and versatile military vehicle.
  • Services: Maintenance, training, and logistics support for military fleets.

3. Fire & Emergency

This segment specializes in manufacturing fire apparatus and emergency vehicles. Key products include:

  • Pierce Fire Trucks: Custom and commercial fire trucks tailored to meet the needs of fire departments.
  • Airport Rescue and Firefighting (ARFF) Vehicles: Designed for rapid response in airport emergencies.
  • Ambulances: High-quality emergency medical vehicles.

4. Commercial

The Commercial segment focuses on manufacturing refuse collection vehicles, concrete mixers, and other specialty vehicles. Key products include:

  • McNeilus Refuse Trucks: Industry-leading garbage collection vehicles.
  • Concrete Mixers: Durable and efficient mixers for construction projects.
  • Snow Removal Equipment: High-performance snowplows and related equipment.

Business Model

Oshkosh Corporation’s business model revolves around delivering high-quality, innovative products and services that meet the unique needs of its customers. The company generates revenue through the sale of vehicles, aftermarket parts, and services. Key aspects of its business model include:

  • Customer-Centric Approach: Oshkosh works closely with its customers to develop tailored solutions that address specific challenges.
  • Innovation: The company invests heavily in research and development to stay ahead of industry trends and deliver cutting-edge products.
  • Aftermarket Services: Oshkosh provides comprehensive maintenance, repair, and training services to ensure the longevity and performance of its products.
  • Global Reach: With operations in over 150 countries, Oshkosh leverages its global footprint to serve a diverse customer base.

Strategic Direction

Oshkosh Corporation is focused on driving long-term growth through strategic initiatives, including:

  • Sustainability Goals: The company is committed to reducing its environmental impact by developing eco-friendly products and adopting sustainable manufacturing practices.
  • Expansion into New Markets: Oshkosh is exploring opportunities in emerging markets and adjacent industries to diversify its revenue streams.
  • Digital Transformation: The company is leveraging digital technologies to enhance product performance, improve customer experiences, and streamline operations.
  • Innovation in Electrification: Oshkosh is investing in electric and hybrid vehicle technologies to meet the growing demand for sustainable transportation solutions.

Competitive Landscape

Oshkosh Corporation operates in highly competitive markets, facing competition from both established players and new entrants. Key competitors include:

  • Terex Corporation: Competes in the access equipment segment.
  • Navistar Defense: A rival in the defense vehicle market.
  • Rosenbauer: A competitor in the fire and emergency vehicle segment.
  • Heil Environmental: Competes in the refuse collection vehicle market.

Despite the competition, Oshkosh differentiates itself through its strong brand reputation, innovative products, and customer-focused approach.

Risk Factors

Oshkosh Corporation faces several risks that could impact its business operations and financial performance, including:

  • Market Dependence: The company’s revenue is heavily reliant on government contracts and specific industries, making it vulnerable to economic downturns and budget cuts.
  • Supply Chain Disruptions: Global supply chain challenges, including material shortages and transportation delays, could affect production schedules and increase costs.
  • Regulatory Compliance: Oshkosh must adhere to stringent regulations in the defense and automotive industries, which could result in increased compliance costs.
  • Technological Disruption: Rapid advancements in technology could render some of Oshkosh’s products obsolete if the company fails to innovate.

Recent Developments

Oshkosh Corporation has made significant strides in recent years, including:

  • Electrification Initiatives: The company has introduced electric and hybrid versions of its vehicles, including the electric refuse truck and hybrid fire apparatus.
  • Strategic Acquisitions: Oshkosh has acquired several companies to strengthen its product portfolio and expand its market presence.
  • Global Expansion: The company has increased its footprint in emerging markets, particularly in Asia and South America.
  • COVID-19 Response: Oshkosh adapted its operations to ensure business continuity during the pandemic, including implementing safety measures and leveraging digital tools.

Investment Considerations

Investors considering Oshkosh Corporation should weigh the following factors:

Strengths:

  • Strong brand reputation and market leadership.
  • Diversified product portfolio catering to multiple industries.
  • Commitment to innovation and sustainability.
  • Robust financial performance and global presence.

Risks:

  • Dependence on government contracts and specific industries.
  • Exposure to supply chain disruptions and material cost fluctuations.
  • Regulatory and compliance challenges.
  • Competitive pressures from established players and new entrants.

Conclusion

Oshkosh Corporation is a global leader in the specialty vehicle industry, known for its innovative products and customer-centric approach. With a strong focus on sustainability, digital transformation, and market expansion, the company is well-positioned for future growth. However, investors should carefully consider the risks associated with market dependence and supply chain challenges. Overall, Oshkosh Corporation remains a compelling player in the specialty vehicle market, with significant opportunities for long-term success.