Oshkosh beats on top and bottom lines; raises FY19 EPS guidance (83.57)
- Reports Q3 (Jun) earnings of $2.72 per share, excluding non-recurring items, $0.35 better than the S&P Capital IQ Consensus of $2.37; revenues rose 10.0% year/year to $2.39 bln vs the $2.29 bln S&P Capital IQ Consensus.
- Co sees FY19 EPS of 7.90-8.10, excluding non-recurring items, vs. $7.68 S&P Capital IQ Consensus. The Company now expects its fiscal 2019 consolidated operating income to be in the range of $760 million to $775 million, an increase from the Company's most recent estimate range of $725 million to $755 million. The expected improvement in consolidated operating income reflects expected improved performance in the access equipment and fire & emergency segments.