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Oshkosh, Franklin Financial, Mid Penn report quarterly earnings

By - Last modified: April 30, 2013 at 11:11 AM

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 result beat analysts’ expectations of 89 cents per diluted share, according to Yahoo Finance.

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.

Oshkosh, based in Oshkosh, Wis., makes heavy-duty specialty and military vehicles. Its shares trade on the New York Stock Exchange under the ticker symbol OSK.

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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.

Mid Penn, based in Millersburg, is the parent company of Mid Penn Bank. Its shares trade on the Nasdaq under the ticker symbol MPB.

Write to the Editorial Department at editorial@cpbj.com

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