30
Jul
15:20
Oshkosh profits shrink by half due to Covid-19
Heavy equipment supplier and plate consumer OshKosh Corporation saw its profits drop by more than half on-year in the fiscal third quarter, Kallanish finds.
Oshkosh earned $80.2 million in the quarter ended 30 June on sales of $1.58 billion, down from a profit of $191.9m on sales of $2.39 billion in fiscal Q3 2019.
Oshkosh blames a -61% dip in access equipment sales for the majority of the decline, “...as the Covid-19 pandemic significantly impa…
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Very good overview of the weekly steel market.
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