Oshkosh, with defense drop, PPL and Exelon report quarterly earnings
Wisconsin-based Oshkosh Corp., with a midstate presence, reported today a large sales decrease in its defense segment and lower quarterly net income compared with the same period last year.
The specialty truck and truck body and access equipment maker said fiscal fourth-quarter net income attributable to the company was about $36.3 million, or 41 cents per diluted share, compared with about $78.9 million, or 86 cents per diluted share, in the year-ago period.
Defense segment sales decreased about 46.1 percent in the quarter, according to Oshkosh, but access equipment, fire and emergency, and commercial segments all saw sales increases.
The firm also said that now is the appropriate time to reinstate a dividend and announced a quarterly cash dividend of 15 cents per share payable on Dec. 2 to shareholders of record Nov. 18.
Allentown-based PPL Corp. reported today third-quarter net income attributable to PPL shareowners of about $410 million, or 62 cents per diluted share, compared with about $355 million, or 61 cents per diluted share, in the year-ago period.
The firm’s Pennsylvania regulated segment, which consists of the delivery operations of PPL Electric Utilities that includes parts of the midstate, saw an earnings increase from ongoing operations of 2 cents per share for the quarter, according to a news release.
Illinois-based Exelon Corp., with nuclear generation assets in the midstate, reported Wednesday third-quarter net income of about $738 million, or 86 cents per diluted share, compared with about $296 million, or 35 cents per diluted share, in the year-ago period.