Oshkosh, Franklin Financial, Mid Penn report quarterly earnings
A manufacturer and two banks with midstate operations are reporting results this week for the first three months of 2013.
Oshkosh Corp. today reported net income of $85.4 million, or 96 cents per diluted share, for the quarter, the second quarter of the company’s fiscal year. That compares with net income of $42.8 million, or 47 cents per diluted share, in the same quarter of 2012.
The company’s access equipment segment includes JLG Industries Inc., which has a plant in Cumberland County. The segment’s quarterly sales were up 7.5 percent, to $817.4 million, and its operating income was up 38.9 percent to $95 million, the company said.
Oshkosh raised its earnings guidance for the full fiscal year to between $2.90 and $3.15 per share. The estimate excludes first-quarter costs related to a stock offer “and threatened proxy contest,” Oshkosh said.
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Franklin Financial Services Corp. on Monday reported net income of $1.55 million, or 38 cents per diluted share, for the first quarter of 2013, compared with net income of $1.37 million, or 34 cents per diluted share, in the first quarter of 2012.
Franklin Financial, based in Chambersburg, is the parent company of F&M Trust Co., which has eight midstate branches, according to the Federal Deposit Insurance Corp. Its shares trade over the counter under the ticker symbol FRAF.
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Mid Penn Bancorp Inc. on Monday reported net income of $624,000, or 18 cents per diluted share, compared with net income of $1 million, or 29 cents per diluted share, in the first quarter of 2012.