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.

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R&D Overview

Oshkosh focuses its research and development on speciality trucks and improvements to truck body. The company focuses on development of technologies such as ProPulse, an unmatched hybrid electric drive system that improves fuel economy, reduces emissions and improves life cycle costs; 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 fire fighter 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 FY2022, the company spent US$113.4 million which as a percentage of total revenue of the company stood at 1.4%.

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 FY2022, the company incurred a capital expenditure of US$66.7 million.

Performance

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Overview

Designs and manufactures rear and front discharge concrete mixers, portable and stationary concrete batch plants, refuse collection vehicles and vehicle components to ready-mix companies and municipal and commercial waste haulers; and sell field service vehicles and truck-mounted cranes to construction, mining, and other companies. In FY2022, the company incurred a capital expenditure of US$11.4 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 truck, heavy equipment transporter, palletized load system, 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 FY2022, the company incurred a capital expenditure of US$168.2 million.

Performance

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Overview

Operates through Pierce, a designer and manufacturer of fire apparatus assembled on custom chassis. It serves domestic municipal customers, the DoD, airports, universities and large industrial companies. Designs and manufactures custom and commercial firefighting vehicles and equipment, snow removal vehicles, aircraft rescue and firefighting vehicles, simulators and other emergency vehicles to airports, fire departments and other governmental units worldwide; sells broadcast vehicles to broadcasters and television stations. Key products include pumpers, aerial platform, ladder and tiller trucks, light-, medium- and heavy-duty rescue vehicles, tankers, wildland rough terrain response vehicles, bomb squad vehicles, mobile command and control centers, hazardous materials control vehicles and other emergency response vehicles. In FY2022, the company incurred a capital expenditure of US$30.8 million.

Performance

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Geographical Segments

Performance

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Performance

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Performance

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