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What: Shares of specialty vehicles manufacturer Oshkosh
So what: Revenue rose 8% to $2.18 billion, higher than the $2.06 billion analysts had expected. Earnings per share of $0.82 were also a surprise, crushing the $0.53-per-share benchmark analysts had set.
The company also said that full-year earnings per share would be between $1.90 and $2.05, well above the $1.84 average estimate from analysts.
Now what: The only blemish was weakness in the fire and emergency equipment business, which is understandable considering the pinch local budgets are under. Other than that the company sees strong results ahead and thinks it is out in front of an economic recovery. With shares trading at about 11 times 2012 earnings I think these results can help push the stock higher in the future as well.
Interested in more info on Oshkosh? Add it to your watchlist by clicking here.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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