AeroTech

Oshkosh Corporation Reports 2023 Fourth Quarter and Full Year Results

Retrieved on: 
Tuesday, January 30, 2024

Adjusted1 net income was $169.4 million, or $2.56 per diluted share, for the fourth quarter of 2023 compared to $107.4 million, or $1.63 per diluted share, for the fourth quarter of 2022.

Key Points: 
  • Adjusted1 net income was $169.4 million, or $2.56 per diluted share, for the fourth quarter of 2023 compared to $107.4 million, or $1.63 per diluted share, for the fourth quarter of 2022.
  • Adjusted1 operating income in the fourth quarter of 2023 was $239.9 million, or 9.7 percent of sales, compared to $155.6 million, or 7.1 percent of sales, in the fourth quarter of 2022.
  • “Oshkosh Corporation delivered a strong fourth quarter to cap off a very successful year for our company, highlighted by full year 2023 revenues of $9.7 billion and adjusted earnings per share of $9.98.
  • Miscellaneous, net - Miscellaneous income, net in the fourth quarter of 2023 was $0.6 million compared to miscellaneous expense, net of $32.0 million in the fourth quarter of 2022.

Oshkosh Corporation Reports Fiscal 2023 Third Quarter Results

Retrieved on: 
Thursday, October 26, 2023

Adjusted1 net income was $200.6 million, or $3.04 per diluted share, for the third quarter of fiscal 2023 compared to $75.9 million, or $1.15 per diluted share, for the third quarter of fiscal 2022.

Key Points: 
  • Adjusted1 net income was $200.6 million, or $3.04 per diluted share, for the third quarter of fiscal 2023 compared to $75.9 million, or $1.15 per diluted share, for the third quarter of fiscal 2022.
  • Consolidated operating income in the third quarter of fiscal 2023 increased 118.9 percent to $256.5 million, or 10.2 percent of sales, compared to $117.2 million, or 5.7 percent of sales, in the third quarter of fiscal 2022.
  • Adjusted1 operating income in the third quarter of fiscal 2023 was $276.3 million, or 11.0 percent of sales, compared to $126.9 million, or 6.1 percent of sales, in the third quarter of fiscal 2022.
  • The Company will host a conference call at 9:00 a.m. EDT this morning to discuss its third quarter results and its fiscal 2023 outlook.

Universal Hydrogen Announces Collaboration with JBT AeroTech and Unveils Plan to Bring Hydrogen Power to Airport Ground Support Equipment

Retrieved on: 
Wednesday, October 25, 2023

The H2AmpCartTM will be a hydrogen fuel cell-powered mobile battery charger for existing electrified airport GSE.

Key Points: 
  • The H2AmpCartTM will be a hydrogen fuel cell-powered mobile battery charger for existing electrified airport GSE.
  • JBT AeroTech has been a pioneer and leader in the development of electric GSE.
  • To this partnership, Universal Hydrogen brings its modular hydrogen delivery system, initially conceived for hydrogen aircraft, but also directly applicable to ground equipment.
  • “Collaborating with Universal Hydrogen to rapidly bring this modular hydrogen fuel-cell powered charger to market enables us to help our customers accelerate their conversion to electric power GSE.”

Oshkosh Corporation Reports Fiscal 2023 Second Quarter Results

Retrieved on: 
Tuesday, August 1, 2023

Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, today reported fiscal 2023 second quarter net income of $175.0 million, or $2.67 per diluted share, compared to net income of $32.1 million, or $0.49 per diluted share, for the second quarter of fiscal 2022.

Key Points: 
  • Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, today reported fiscal 2023 second quarter net income of $175.0 million, or $2.67 per diluted share, compared to net income of $32.1 million, or $0.49 per diluted share, for the second quarter of fiscal 2022.
  • Consolidated operating income in the second quarter of fiscal 2023 increased 207.9 percent to $234.9 million, or 9.7 percent of sales, compared to $76.3 million, or 3.7 percent of sales, in the second quarter of fiscal 2022.
  • Access segment operating income in the second quarter of fiscal 2023 increased 191.2 percent to $211.7 million, or 15.9 percent of sales, compared to $72.7 million, or 7.4 percent of sales, in the second quarter of fiscal 2022.
  • Defense segment operating income in the second quarter of fiscal 2023 increased 65.8 percent to $6.3 million, or 1.3 percent of sales, compared to $3.8 million, or 0.7 percent of sales, in the second quarter of fiscal 2022.

JBT Corporation Announces Second Quarter 2023 Earnings Release and Conference Call Schedule

Retrieved on: 
Wednesday, July 19, 2023

JBT Corporation (NYSE: JBT) will report second quarter 2023 financial results after the market closes on Tuesday, August 1, 2023.

Key Points: 
  • JBT Corporation (NYSE: JBT) will report second quarter 2023 financial results after the market closes on Tuesday, August 1, 2023.
  • Please register in advance to participate in the conference call: Conference Call Registration
    Upon registering for the conference call, participants will receive dial-in information, as well as a unique registrant and conference ID that they will use to access the event.
  • JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry.
  • JBT Corporation employs approximately 7,200 people worldwide and operates sales, service, manufacturing and sourcing operations in more than 25 countries.

JBT Corporation Announces Definitive Agreement to Sell its AeroTech Business

Retrieved on: 
Tuesday, May 30, 2023

JBT Corporation (NYSE: JBT) today announced that it has entered into a definitive agreement to sell its AeroTech business to Oshkosh Corporation (NYSE: OSK) in an all-cash transaction valued at $800 million, subject to customary post-closing items.

Key Points: 
  • JBT Corporation (NYSE: JBT) today announced that it has entered into a definitive agreement to sell its AeroTech business to Oshkosh Corporation (NYSE: OSK) in an all-cash transaction valued at $800 million, subject to customary post-closing items.
  • JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry.
  • JBT also sells critical equipment and services to domestic and international air transportation customers through its AeroTech segment.
  • JBT Corporation employs approximately 7,200 people worldwide and operates sales, service, manufacturing and sourcing operations in more than 25 countries.

Oshkosh Corporation to Acquire AeroTech Business from JBT Corporation, Adding Market Leader in Attractive Air Transportation Support Sector

Retrieved on: 
Tuesday, May 30, 2023

Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, today announced that it has entered into a definitive agreement to acquire the AeroTech business (“AeroTech”) from JBT Corporation (NYSE: JBT) in an $800 million all-cash transaction.

Key Points: 
  • Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, today announced that it has entered into a definitive agreement to acquire the AeroTech business (“AeroTech”) from JBT Corporation (NYSE: JBT) in an $800 million all-cash transaction.
  • With AeroTech, Oshkosh will enter the attractive air transportation support market, which is in the early stages of an investment cycle and supported by secular tailwinds related to increasing air travel demand, commercial airline investments and infrastructure improvement.
  • Advance.’ business strategy as we enter the attractive air transportation support space with a market-leading portfolio of purpose-built products and comprehensive service offerings.
  • Broadens end markets: AeroTech is a market leader in the air transportation support sector with significant growth tailwinds resulting from increasing air travel demand and infrastructure spending.

JBT Corporation Declares Quarterly Dividend

Retrieved on: 
Friday, May 12, 2023

JBT Corporation (NYSE: JBT) announced that on May 12, 2023, its Board of Directors declared a quarterly cash dividend of $0.10 per share of outstanding common stock.

Key Points: 
  • JBT Corporation (NYSE: JBT) announced that on May 12, 2023, its Board of Directors declared a quarterly cash dividend of $0.10 per share of outstanding common stock.
  • The dividend will be payable on June 8, 2023, to stockholders of record at the close of business on May 25, 2023.
  • JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry.
  • JBT Corporation employs approximately 7,200 people worldwide and operates sales, service, manufacturing, and sourcing operations in more than 25 countries.

JBT Releases 2022 Environmental, Social, and Governance (ESG) Report

Retrieved on: 
Monday, April 17, 2023

The success of our customers and stakeholders is directly linked to the responsible use of the world’s precious resources.

Key Points: 
  • The success of our customers and stakeholders is directly linked to the responsible use of the world’s precious resources.
  • In 2022, more than 70 percent of JBT’s product and services revenue stemmed from equipment that delivers environmental benefits.
  • JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry.
  • JBT Corporation employs approximately 7,200 people worldwide and operates sales, service, manufacturing, and sourcing operations in more than 25 countries.

JBT Corporation Announces First Quarter 2023 Earnings Release and Conference Call Schedule

Retrieved on: 
Wednesday, April 12, 2023

JBT Corporation (NYSE: JBT) will report first quarter 2023 financial results after the market closes on Tuesday, April 25, 2023.

Key Points: 
  • JBT Corporation (NYSE: JBT) will report first quarter 2023 financial results after the market closes on Tuesday, April 25, 2023.
  • Please register in advance to participate in the conference call: Conference Call Registration
    Upon registering for the conference call, participants will receive dial-in information, as well as a unique registrant and conference ID that they will use to access the event.
  • JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry.
  • JBT Corporation employs approximately 7,200 people worldwide and operates sales, service, manufacturing and sourcing operations in more than 25 countries.