Oshkosh cruises past estimates; Swift down on quarterly income
A manufacturer and a trucking company with midstate operations reported quarterly earnings this week.
Wisconsin-based Oshkosh Corp., the heavy truck and equipment manufacturer and parent firm of JLG Industries Inc., today reported fiscal 2014 first-quarter net income of $54.9 million, or 63 cents per diluted share, compared with $46.3 million, or 51 cents per diluted share, in the first quarter of fiscal 2013.
Analysts had expected 33 cents, according to Yahoo Finance.
The company’s board of directors also declared a quarterly cash dividend of 15 cents per share. That is payable on Feb. 27 to shareholders of record as of Feb. 13.
Arizona-based Swift Transportation Co., the nation’s largest truckload provider, reported its fourth quarter and annual figures on Monday.
Swift, which has a transportation terminal on Route 72 in Lebanon County, posted fourth-quarter net income of $45.3 million, or 32 cents per diluted share, compared with $54.7 million, or 39 cents per diluted share, in the final quarter of 2012.
For the year, Swift reported net income of $155.4 million, or $1.09 per diluted share, compared with $140.1 million, or $1 per diluted share, in 2012.