Oshkosh Reports 1Q Net Loss of $20 Million
Jan 29, 2009 9:56 AM
Oshkosh Corporation today reported fiscal 2009 first-quarter net sales of $1.39 billion and a net loss of $20.6 million, or $0.28 per share. These results compare with earnings per share of $0.50 on net sales of $1.50 billion and net income of $37.3 million for the first quarter of fiscal 2008.
“We are obviously disappointed in the overall performance we are reporting today. It has been widely reported that global manufacturing orders and activity fell sharply in November and December 2008. Certain of our businesses shared this experience, which led to our weak performance in our first quarter. Fortunately, our defense, fire apparatus and domestic refuse collection vehicle businesses continued to report solid results,” commented Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer.
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