Oshkosh Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2016; Revises Earnings Guidance for the Fiscal 2017
income was primarily the result of improved performance in the access equipment, defense and fire & emergency segments, offset in part by the impact of lower sales volume and lower commercial segment performance.
The company lowered its fiscal 2017 diluted earnings per share estimate range to $2.50 to $2.90 on operating income of $347 million to $387 million. Excluding expected access equipment segment restructuring-related charges, the company reaffirmed its fiscal 2017 adjusted diluted earnings per share estimate range of $3.00 to $3.40 on projected net sales of $6.5 billion to $6.7 billion and adjusted operating income of $390 million to $430 million.