Oshkosh Trims FY21 Adj. EPS Outlook; Declares Dividend - Quick Facts

(RTTNews) - While reporting financial results for the third quarter on Thursday, Oshkosh Corp. (OSK) trimmed its adjusted earnings guidance for the full-year 2021, reflecting the ongoing supply chain-related challenges. The company also declared a quarterly cash dividend.

For fiscal 2021, the company now projects earnings in a range of $7.15 to $7.30 per share and adjusted earnings in a range of $6.35 to $6.50 per share.

Previously, the company expected projects earnings in a range of $6.10 to $6.60 per share and adjusted earnings in a range of $6.35 to $6.85 per share on projected net sales between $7.75 billion and $7.95 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $6.84 per share on net sales of $7.88 billion for the year. Analysts' estimates typically exclude special items.

Further, the Company's Board of Directors today declared a quarterly cash dividend of $0.33 per share of Common Stock, payable on August 30, 2021, to shareholders of record as of August 16, 2021.

"Demand is strong across the markets where we compete, and we remain confident in the outlook for these markets. In particular, we are pleased with growing demand for access equipment, which we believe will remain strong for the foreseeable future," said John Pfeifer, president and CEO.