Oshkosh Corp. Updates 2015 Fiscal Estimates | Construction News

Oshkosh Corporation, parent company of aerial work platform and telehandler manufacturer JLG, has updated its EPS estimates for the third quarter and full year fiscal 2015.

The company expects that EPS for the third quarter of fiscal 2015 will approximate the adjusted EPS reported in the third quarter of fiscal 2014.

Previously, the company believed EPS for the third quarter of fiscal 2015 would be above EPS for the third quarter of fiscal 2014.

The company reported adjusted EPS of $1.23 for the third quarter of fiscal 2014.

Oshkosh noted that sales and earnings for the third quarter of fiscal 2015, principally in its access equipment segment, have been impacted by several factors including severe weather conditions that continued into the third fiscal quarter, potential rental industry consolidation and, to a lesser extent, new product launch delays.

The company is also updating its full year 2015 adjusted EPS estimate range to $3.75 to $4.00, reduced from its

most recent expectation of $4.00 to $4.25. The company reported adjusted1 EPS of $3.62 for the full year fiscal 2014.