Oshkosh Corp - Company Profile
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Business Description
Oshkosh Corp (Oshkosh) is a provider of mission-critical vehicles and equipment for various industries including defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company offers products under various major brands such as JLG, Pierce, IMT, Frontline, Oshkosh Defense, McNeilus, Jerr-Dan, Oshkosh Airport Products, CON-E-CO, and London. The company operates through three reportable business segments: Access, Defense and Vocational.
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R&D Overview
Oshkosh Corp's R&D initiatives include the development of advanced products such as vehicle design, simulation, software, and electronics. The company has recently launched several innovative products including an electric fire truck and fully integrated electric refuse collection vehicle, the all-electric scissor lift, and two-way fleet management and communication platform. It also focuses on development of technologies such as Command Zone, a multiplexed electronics system that operates and diagnoses all major vehicle systems; Side-Roll Protection system, an industry first and represents a quantum leap forward in firefighter safety; Remote Diagnostics, which enables the ability to diagnose a vehicle via modem using a laptop or PDA, offering the ultimate service support; TAK-4, an independent suspension that delivers a ride that's up to three times smoother than a straight-axle design; and Unmanned Ground Vehicle Technology that uses autonomous navigation to get the job done without putting anyone in harm's way. In FY2024, the company spent US$133.6 million on R&D, which as a percentage of revenue, stood at 1.38% and grew 17.8% YoY.
Business Segments
Overview
Operates through JLG, a designer and manufacturer of aerial work platforms and tele-handlers used in industrial, construction, institutional and general maintenance applications. It also offers a range of parts and accessories such as technical support and training, and reconditioning services. It also operates Jerr-Dan brand, a provider of towing and recovery equipment in the US. Major customers include construction contractors, equipment rental companies, manufacturing companies and home improvement centers. Key products include aerial work platforms, telehandlers, towing and recovery equipment, carriers, wreckers and service parts and accessories. In FY2024, the company incurred a capital expenditure of US$112.3 million.
Performance
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Overview
Involved in the design, manufacture and selling of severe-duty, heavy, medium and light payload, military tactical wheeled vehicles and related services to DoD. It manufactures vehicles that perform a range of demanding tasks including missile systems, ammunition, hauling tanks, fuel, troops and cargo for combat units. Key products include heavy expanded mobility tactical trucks, heavy equipment transporters, palletized load systems, logistic vehicle system replacement, medium tactical vehicle replacement and mine resistant ambush protected-all terrain vehicle. Continue to diversify into other areas of the US and international defense vehicle markets through expansion of applications, uses and vehicle body styles of its existing tactical truck lines and aftermarket product and service offerings. In FY2024, the company incurred a capital expenditure of US$141.4 million.
Performance
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Overview
It includes the Pierce, McNeilus, Maxi-Metal, AeroTech, IMT, Oshkosh S-Series and Frontline Communications businesses. The Pierce and Maxi-Metal businesses design, manufacture and commercials and custom fire apparatus. The segment comprises aircraft rescue and firefighting (ARFF) vehicles under the Oshkosh brand, Frontline Communications-branded simulators, command vehicles and other communication vehicles. McNeilus business designs and manufactures refuse collection vehicles and components. IMT designs and manufactures field service vehicles and truck-mounted cranes. In FY2023, the Company acquired JBT AeroTech, which designs and manufactures airport ground support equipment and gate equipment and provides airport services to commercial airports and airlines. Oshkosh S-Series business designs and manufactures front discharge concrete mixer vehicles. The segment sales are made primarily to municipal and commercial customers in the Americas. In FY2024, the company incurred a capital expenditure of US$73 million.
Performance
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Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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