OSHKOSH $OSK (-6.64%) is a global industrial technology company focused on the development of innovative specialty vehicles and equipment. Oshkosh reported its Q4 quarterly figures this week and exceeded all expectations. Perhaps of interest to some of you.
Annual results
The company reported net sales of USD 10.76 billion for 2024 (2023: USD 9.66 billion) and net income of
net profit of USD 681.4 million (2023: USD 598.0 million) or USD 10.35 per diluted share (2023: USD 9.08).
Adjusted1 net income for 2024 amounted to USD 772.7 million (2023: USD 657.2 million)
or USD 11.74 per diluted share (2023: USD 9.98).
Expectations for 2025
The Company announced its 2025 diluted earnings per share estimate of approximately USD 10.30 and its adjusted1 earnings per share estimate of approximately USD 11.00 on projected net sales of approximately USD 10.6 billion.
Dividend announcement
The Company's Board of Directors today announced a quarterly cash dividend of $0.51 per common share. The dividend represents an increase of 11 percent over the previous dividend and will be paid on March 3, 2025 to shareholders of record as of February 17, 2025.
Repurchase of ordinary shares - The company has in the fourth quarter of 2024 repurchased 494,069 ordinary shares for USD 50.4 million.
