OSHKOSH, WI (WTAQ) - The Oshkosh Corporation has raised its earnings forecast for the current fiscal year, in the wake of stronger sales for its construction equipment.
The company now expects to make between $2.80 and $3.05 a share, up from its previous range of $2.35 to $2.60.
Oshkosh reported a successful fiscal first quarter, with a net profit of $46.5 million from October through December. That’s up from almost $39 million the year before.
Earnings rose from 43 cents a share to 51 cents.
The growth comes despite a reduction in sales of the famous Oshkosh military vehicles. Those sales were down over 6 percent in the last quarter, as the Pentagon scales back the war in the Middle East.