Oshkosh Increases 2017 Estimated EPS Range - Quick Facts

(RTTNews) - Oshkosh Corporation (OSK) increased its expectations for fiscal 2017 earnings per share to be in a range of $3.80 to $3.90 on an adjusted basis. The company expects 2017 net sales of approximately $6.75 billion. In April, the company projected its 2017 adjusted earnings per share in the range of $3.20 to $3.50, on projected net sales of $6.6 billion to $6.7 billion.

Excluding charges, third-quarter adjusted net income was $139.8 million, or $1.84 per share. Consolidated net sales in the third quarter were $2.04 billion, an increase of 16.6 percent. All segments reported increased sales, led by the defense segment.

The company's Board declared a quarterly cash dividend of $0.21 per share of Common Stock. The dividend will be payable on September 1, 2017, to shareholders of record as of August 18, 2017.