Oshkosh Corp Files 8-K on Results of Operations & Financial Condition
Ticker: OSK · Form: 8-K · Filed: Jan 30, 2024 · CIK: 775158
Complexity: simple
Sentiment: neutral
Topics: financial-results, 8-K, corporate-filing
TL;DR
**Oshkosh Corp just dropped an 8-K with fresh financials, so get ready for potential market moves.**
AI Summary
Oshkosh Corporation filed an 8-K on January 30, 2024, to report its results of operations and financial condition, along with financial statements and exhibits. This filing, under SEC File Number 001-31371, indicates that the company is providing updated financial information to the public. For investors, this matters because it offers a transparent look into the company's recent financial performance, which can influence stock valuation and future investment decisions.
Why It Matters
This filing provides investors with crucial, up-to-date financial information, enabling them to assess Oshkosh Corporation's health and make informed decisions about buying, holding, or selling its stock.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results, which is standard practice and generally does not introduce new risks.
Analyst Insight
Investors should review the detailed financial statements and results of operations once they are fully available to understand the company's performance and potential implications for its stock price.
Key Numbers
- 001-31371 — SEC File Number (identifies Oshkosh Corporation's registration with the SEC)
- 39-0520270 — IRS Employer Identification No. (identifies Oshkosh Corporation for tax purposes)
- 1917 Four Wheel Drive — Business Address (principal executive offices of Oshkosh Corporation)
- 920-502-3400 — Business Phone (contact number for Oshkosh Corporation)
Key Players & Entities
- Oshkosh Corporation (company) — the registrant filing the 8-K
- Wisconsin (location) — state of incorporation for Oshkosh Corporation
- New York Stock Exchange (company) — exchange where Oshkosh Corporation's Common Stock is registered
- OSK (ticker) — trading symbol for Oshkosh Corporation
FAQ
What is the primary purpose of this 8-K filing by Oshkosh Corporation?
The primary purpose of this 8-K filing, dated January 30, 2024, is to report on the company's "Results of Operations and Financial Condition" and to provide "Financial Statements and Exhibits" as per Item Information.
On what date was the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 30, 2024, as stated in the 'Date of Report' section.
What is the trading symbol and the exchange where Oshkosh Corporation's common stock is registered?
Oshkosh Corporation's Common Stock ($0.01 par value) trades under the symbol 'OSK' and is registered on the New York Stock Exchange.
Is Oshkosh Corporation considered an 'emerging growth company' according to this filing?
No, the filing indicates with a checked box '☐' next to 'Emerging growth company' that Oshkosh Corporation is not an emerging growth company as defined by Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
What is the state of incorporation for Oshkosh Corporation?
Oshkosh Corporation's state of incorporation is Wisconsin, as specified in the filing.
Filing Stats: 4,524 words · 18 min read · ~15 pages · Grade level 13.8 · Accepted 2024-01-30 08:05:57
Key Financial Figures
- $0.01 — nge on which registered Common Stock ($0.01 par value) OSK New York Stock Excha
- $710.7 million — ave recorded deferred contract costs of $710.7 million that primarily relate to the NGDV progr
- $1 billion — domestic JLTV contract is approximately $1 billion at December 31, 2023 and production is
- $130 m — ets in which we compete. While we spent $130 million, $113 million and $103 million fo
- $113 million — e compete. While we spent $130 million, $113 million and $103 million for research and devel
- $103 million — we spent $130 million, $113 million and $103 million for research and development in 2023, 2
Filing Documents
- osk-20240130.htm (8-K) — 139KB
- osk-ex99_1.htm (EX-99.1) — 864KB
- img97721342_0.jpg (GRAPHIC) — 53KB
- img97721342_1.jpg (GRAPHIC) — 6KB
- 0000950170-24-008537.txt ( ) — 1248KB
- osk-20240130.xsd (EX-101.SCH) — 25KB
- osk-20240130_htm.xml (XML) — 4KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On January 30, 2024, Oshkosh Corporation (the "Company") issued a news release (the "News Release") announcing its earnings for its fourth quarter and year ended December 31, 2023. A copy of such news release is furnished as Exhibit 99.1 and is incorporated by reference herein. On January 30, 2024, the Company is holding a conference call in connection with the Company's announcement of its earnings for its fourth quarter and year ended December 31, 2023. An audio replay of such conference call and the related question and answer session along with a December 31, 2023 slide presentation utilized during the call will be available for at least twelve months on the Company's website at www.oshkoshcorp.com . The information, including, without limitation, all forward-looking statements, contained in the News Release and related slide presentation on the Company's website (the "Slide Presentation") or provided in the conference call and related question and answer session speaks only as of January 30, 2024. The Company assumes no obligation, and disclaims any obligation, to update information contained in the News Release and the Slide Presentation or provided in the conference call and related question and answer session. Investors should be aware that the Company may not update such information until the Company's next quarterly earnings conference call, if at all. The News Release and the Slide Presentation contain, and representatives of the Company may make during the conference call and the related question and answer session, statements that the Company believes to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in the News Release and the Slide Presentation or made during the conference call and related question and answer session, including, without limitation, statements reg
RISK FACTORS
RISK FACTORS Business and Operational Risks Our markets are highly cyclical. Declines in these markets could have a material adverse effect on our operating performance. The access equipment market is highly cyclical and impacted (i) by the strength of economies in general and customers' perceptions concerning the timing of economic cycles, (ii) by residential and non-residential construction spending, including mega projects, (iii) by the ability of rental companies to obtain third-party financing to purchase revenue generating assets, (iv) by capital expenditures of rental companies in general, including the rate at which they replace aged rental equipment, which is impacted in part by historical purchase levels, (v) by the timing of regulatory standard changes, and (vi) by other factors, including oil and gas related activity. Fire apparatus markets are cyclical later in an economic cycle and are impacted by the economy generally and by municipal tax receipts and capital expenditures. Refuse collection vehicle markets are also cyclical and impacted by the strength of economies in general, by municipal tax receipts and by the size and timing of capital expenditures, including replacement demand, by large waste haulers. Air transportation equipment markets are also cyclical and impacted the rates of expansion, consolidation and replacement of equipment within the air transportation equipment markets which in turn are driven by the global demand for air transportation services. If demand for our products is lower than what we or the market expect, due to a recession or other factors, then there could be an adverse effect on our net sales, financial condition, profitability and/or cash flows. 2 Our performance under the United States Postal Service (USPS) contract may not be what we expect. In February 2021, the USPS selected us to build its Next Generation Delivery Vehicle (NGDV). The indefinite delivery/indefinite quantity (IDIQ) contract allows for the