8-1-13 New Revenue For Oshkosh Corp

Wisconsin’s maker of military vehicles finds another way to make money. The Oshkosh Corporation cites strong sales of commercial construction lifts, in reporting a quarterly profit of 148-million dollars. That’s 1.67-a-share for the company’s fiscal third-quarter from April-through-June, up from 84-cents a share at the same time a year ago. Sales were up by just over two-percent, to two-point-two billion dollars. Oshkosh has been losing defense business as the wars in Iraq and Afghanistan have been winding down. The company says its sales of aerial construction platforms, scissor lifts, and tele-handlers grew by over 15-and-a-half percent in the last quarter. The firm says the demand was caused by higher activity from builders and leasing companies. Oshkosh says it now expects its full-year earnings to be 3.60-to-3.70 a share, up from its previous estimate of 2.90-to-3.15.