Oshkosh Guides FY19 Earnings Above View, Boosts Dividend - Quick Facts

(RTTNews) - Oshkosh Corp. (OSK) on Thursday initiated fiscal 2018 guidance for earnings in a range of $6.50 to $7.25 per share on projected net sales between $7.85 billion and $8.15 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $6.49 per share on net sales of $8.03 billion for the year. Analysts' estimates typically exclude special items.

Further, the Company's Board of Directors today declared a 12.5 percent higher quarterly cash dividend of $0.27 per share of Common Stock, payable on December 3, 2018, to shareholders of record as of November 19, 2018.

For the fourth quarter, the company reported net income of $151.3 million or $2.05 per share, higher than $93.5 million, or $1.23 per share in the prior-year quarter. Adjusted net income was $132.4 million or $1.80 per share, compared to last year's $104.8 million, or $1.38 per share.

Consolidated net sales increased 4.8 percent to $2.06 billion on strong demand for access equipment offset in part by expected lower defense segment sales.

Street was looking for earnings of $1.45 per share on net sales of $1.98 billion for the quarter.