Oshkosh Corporation (OSK) Bundle
A Brief History of Oshkosh Corporation (OSK)
Foundation and Early Years
Foundation and Early Years
Oshkosh Corporation was founded in 1917 in Oshkosh, Wisconsin, primarily focusing on manufacturing motor trucks. The company initially produced the 1918 Model 1, which was a revolutionary all-wheel drive vehicle.
Expansion and Diversification
During the 1930s, the company expanded its product offerings to include specialized vehicles for the military and fire departments. By 1951, Oshkosh introduced its first fire truck, which greatly enhanced its market presence.
Public Offering and Growth
Oshkosh Corporation went public in 1990, trading its shares on the New York Stock Exchange under the ticker symbol OSK.
Mergers and Acquisitions
In 2010, Oshkosh acquired JLG Industries, a leading manufacturer of aerial work platforms, for approximately $3.2 billion. This acquisition significantly diversified its product line.
Financial Performance
As of fiscal year 2022, Oshkosh Corporation reported revenues of $8.3 billion, with a net income of $330 million. The company’s earnings per share stood at $4.10.
| Year | Revenue (in billions) | Net Income (in millions) | Earnings Per Share |
|---|---|---|---|
| 2022 | $8.3 | $330 | $4.10 |
| 2021 | $7.0 | $618 | $7.72 |
| 2020 | $7.6 | $213 | $2.65 |
| 2019 | $8.2 | $350 | $4.31 |
Recent Developments
In 2023, Oshkosh announced a strategic partnership with electric vehicle manufacturers, investing approximately $500 million to develop electric and hybrid vehicle technologies.
Market Position
Oshkosh Corporation is recognized as a leading manufacturer in multiple sectors, including defense, fire and emergency, and access equipment. The company's market capitalization as of October 2023 was approximately $5.3 billion.
Global Operations
Oshkosh operates in over 20 countries and employs more than 15,000 people worldwide, showcasing its significant global footprint and diversified capabilities.
Sustainability Initiatives
The company has committed to reducing greenhouse gas emissions by 50% by 2030 and aims to achieve net-zero emissions by 2050, aligning with global sustainability targets.
Conclusion of Highlights
- Founded in 1917
- Acquired JLG Industries for $3.2 billion in 2010
- Fiscal year 2022 revenue of $8.3 billion
- Market capitalization of approximately $5.3 billion
- Global operations in over 20 countries
A Who Owns Oshkosh Corporation (OSK)
Current Ownership Structure
Current Ownership Structure
As of October 2023, Oshkosh Corporation (OSK) has a diversified ownership structure. The major shareholders include institutional investors, mutual funds, and individual stakeholders. The following table provides a breakdown of the ownership percentages held by key stakeholders:
| Shareholder Type | Ownership Percentage | Number of Shares |
|---|---|---|
| Institutional Investors | 81.3% | 38,450,000 |
| Mutual Funds | 24.8% | 11,700,000 |
| Vanguard Group | 8.5% | 4,020,000 |
| BlackRock, Inc. | 6.9% | 3,200,000 |
| Individual Investors | 18.7% | 8,840,000 |
Major Institutional Shareholders
The following table enumerates the top institutional shareholders of Oshkosh Corporation, highlighting their respective holdings:
| Institution | Shares Owned | Ownership Percentage |
|---|---|---|
| Vanguard Group | 4,020,000 | 8.5% |
| BlackRock, Inc. | 3,200,000 | 6.9% |
| State Street Corporation | 2,750,000 | 5.8% |
| Wellington Management Group | 2,300,000 | 4.9% |
| Invesco Ltd. | 1,850,000 | 3.9% |
Insider Ownership
Insider ownership plays a significant role in the governance of Oshkosh Corporation. The following table illustrates the percentage of shares held by key executives and board members:
| Name | Title | Shares Owned | Ownership Percentage |
|---|---|---|---|
| Wilson Jones | President & CEO | 150,000 | 0.3% |
| David W. Rusch | Chief Financial Officer | 75,000 | 0.15% |
| Marsha L. Williams | Board Member | 50,000 | 0.1% |
| John S. Heller | Board Member | 30,000 | 0.06% |
| Laura S. Gallo | Board Member | 25,000 | 0.05% |
Market Capitalization
As of October 2023, Oshkosh Corporation’s market capitalization is approximately $5.5 billion.
Stock Performance
The following table displays Oshkosh Corporation's stock performance metrics:
| Metric | Value |
|---|---|
| Current Stock Price | $85.50 |
| 52-Week High | $90.30 |
| 52-Week Low | $72.15 |
| P/E Ratio | 17.4 |
| Dividend Yield | 1.5% |
Recent Changes in Ownership
In the last fiscal year, Oshkosh Corporation has seen changes in the ownership landscape:
- Vanguard increased its stake by 2%.
- BlackRock reduced its holdings by 1%.
- Several individual investors have gained interest, increasing their collective holdings by 1.5%.
Summary of Financial Performance
Oshkosh Corporation's financials for the fiscal year ended September 2023 are as follows:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $8.2 billion |
| Net Income | $600 million |
| Total Assets | $7.1 billion |
| Total Liabilities | $3.5 billion |
| Shareholder Equity | $3.6 billion |
Oshkosh Corporation (OSK) Mission Statement
Core Mission Statement
The mission of Oshkosh Corporation is to deliver innovative solutions that enhance the safety, productivity, and sustainability of their customers' operations. This aligns with their commitment to providing quality products across diverse industries.
Financial Overview
For the fiscal year 2022, Oshkosh Corporation reported total net sales of $8.23 billion. The breakdown of sales by segment was:
| Segment | Net Sales (in billion USD) | Percentage of Total Sales |
|---|---|---|
| Access Equipment | 3.2 | 38% |
| Defense | 2.5 | 30% |
| Fire & Emergency | 1.6 | 19% |
| Commercial | 0.9 | 11% |
Strategic Goals
- Enhancing Innovation: Invest in new technologies to improve product offerings and operational efficiency.
- Global Expansion: Increase market presence internationally, particularly in emerging markets.
- Sustainable Practices: Commit to reducing the environmental impact of products and operations.
- Customer Relationships: Strengthen partnerships through superior customer service and support.
Workforce Engagement
As of 2023, Oshkosh Corporation employs approximately 15,000 employees worldwide, focusing on fostering a diverse and inclusive workplace environment.
Sales Performance Trends
In the last five years, Oshkosh’s revenue growth trajectory has shown an average increase of 8% annually, reflecting strong demand in defense and access equipment markets.
Commitment to Safety
The company has invested over $2 million in enhancing workplace safety programs and initiatives in the last fiscal year, resulting in a 15% decrease in workplace accidents.
Future Projections
For the fiscal year 2023, Oshkosh Corporation projects net sales to range from $8.5 billion to $9 billion, driven by anticipated growth in both the Defense and Access Equipment segments.
How Oshkosh Corporation (OSK) Works
Overview of Oshkosh Corporation
Oshkosh Corporation, headquartered in Oshkosh, Wisconsin, operates as a leading manufacturer of specialty vehicles and vehicle bodies. The company serves various sectors including defense, fire and emergency, access equipment, and commercial. As of 2023, Oshkosh Corporation has recorded revenues of approximately $8.6 billion.
Business Segments
- Access Equipment
- Defense
- Fire & Emergency
- Commercial
Financial Performance
In the fiscal year 2022, Oshkosh reported the following key financial metrics:
| Metric | Amount |
|---|---|
| Revenue | $8.6 billion |
| Net Income | $328 million |
| Operating Income | $405 million |
| EBITDA | $760 million |
| Total Assets | $5.3 billion |
| Total Liabilities | $3.2 billion |
| Equity | $2.1 billion |
Market Position
Oshkosh Corporation holds a strong position in several market segments. The company’s market share in the Access Equipment segment stands at around 20%, while its Defense vehicles contribute significantly to military procurement contracts worth approximately $4 billion as of fiscal year 2023.
Research and Development
Oshkosh invests heavily in research and development to innovate and improve its product offerings. In 2022, the R&D expenditure was approximately $130 million, focusing on advancements in electric vehicles and autonomous systems.
Workforce and Employment
As of 2023, Oshkosh employs approximately 14,000 individuals across its various manufacturing facilities and offices. The company is committed to workforce development, providing training programs that incurred costs of about $3 million in 2022.
Global Presence
Oshkosh Corporation operates in over 25 countries through a network of manufacturing, assembly, and service operations. It has key markets in North America, Europe, and Asia-Pacific, contributing to approximately 60% of its total revenue.
Sustainability Efforts
The company is also focused on sustainability initiatives, aiming to reduce greenhouse gas emissions by 25% by 2025. Investments in sustainable practices were estimated at around $50 million in 2022.
Recent Developments
In early 2023, Oshkosh announced a new contract to deliver tactical vehicles for the U.S. Army, valued at approximately $1.2 billion. This contract showcases Oshkosh's role as a key player in defense logistics and manufacturing.
How Oshkosh Corporation (OSK) Makes Money
Business Segments
Oshkosh Corporation operates through several key business segments that generate revenue. These segments include:
- Access Equipment - This segment provides aerial work platforms and telehandlers.
- Defense - Supplies military vehicles and services.
- Fire & Emergency - Manufactures fire trucks and emergency response equipment.
- Commercial - Focuses on specialty vehicles and vehicle bodies.
Financial Performance (FY 2022)
In fiscal year 2022, Oshkosh Corporation reported the following financial results:
| Metric | Amount (in USD million) |
|---|---|
| Total Revenue | 8,188 |
| Net Income | 432 |
| Gross Profit | 1,658 |
| Operating Income | 663 |
Revenue Breakdown by Segment (FY 2022)
The following is a breakdown of revenue generated by each segment for FY 2022:
| Segment | Revenue (in USD million) |
|---|---|
| Access Equipment | 3,209 |
| Defense | 2,593 |
| Fire & Emergency | 1,390 |
| Commercial | 996 |
Key Customers
Oshkosh serves a diverse range of customers:
- Government - Including military and public safety departments.
- Private Sector - Construction and industrial sectors.
- Municipalities - Local governments purchasing fire and emergency vehicles.
Recent Acquisitions
Oshkosh has engaged in strategic acquisitions to bolster its market position:
- Acquired JLG Industries, enhancing its access equipment segment.
- Pursued other acquisitions to expand its portfolio in specialized vehicles.
Market Trends
Several market trends impact Oshkosh's revenue streams:
- Increased Infrastructure Spending - Government initiatives boost demand for construction vehicles.
- Defense Budget Increases - Growing military expenditures enhance defense vehicle sales.
- Environmental Regulations - Demand for cleaner technologies influences product development.
Future Projections
Analysts project the following for Oshkosh Corporation in the upcoming years:
| Year | Projected Revenue (in USD million) |
|---|---|
| 2023 | 8,500 |
| 2024 | 9,000 |
| 2025 | 9,500 |
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