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Oshkosh Sees Q2 Income Boost


Oshkosh Sees Q2 Income Boost
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May 12, 2021
JLG parent Oshkosh has reported fiscal 2021 second quarter net income of $99.6 million, or $1.44 per diluted share, compared to $68.6 million, or $0.99 per diluted share, in the second quarter of fiscal 2020.
Results for the second quarter of fiscal 2021 included after-tax charges of $2.5 million associated with restructuring actions in the Access Equipment segment and $0.2 million associated with business acquisition costs in the Defense segment.
Results for the second quarter of fiscal 2020 included an after-tax charge of $6.5 million associated with debt extinguishment costs incurred in connection with the refinancing of the company’s senior notes and a valuation allowance on deferred tax assets in Europe of $11.4 million. Excluding these charges, adjusted net income was $102.3 million, or $1.48 per diluted share, and $86.5 million, or $1.25 per ....

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Oshkosh Corp (OSK) Q2 2021 Earnings Call Transcript


Operator
Greetings, and welcome to the Oshkosh Corporation Fiscal 2021 Second Quarter Results Conference Call. [Operator Instructions]
It is now my pleasure to introduce your host, Pat Davidson, Senior Vice President of Investor Relations for Oshkosh Corporation. Thank you, sir. You may begin.
Patrick Davidson
Senior Vice President, Investor Relations
Good morning, and thanks for joining us. Earlier today, we published our second quarter 2021 results. A copy of the release is available on our website at oshkoshcorp.com. Today s call is being webcast and is accompanied by a slide presentation, which includes a reconciliation of GAAP to non-GAAP financial measures that we will use during this call and is also available on our website. The audio replay and slide presentation will be available on our website for approximately 12 months. Please refer now to slide two of that presentation. Our remarks that follow, including answers to your questions, contain state ....

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