(Image courtesy the Oshkosh Corporation)
First quarter sales were up for Oshkosh Corporation, though the company finished the first three-months of 2022 with a net loss. Oshkosh Corporation reported a $2.1 million dollar first quarter loss. The factors contributing to the loss include higher material and logistics costs and higher manufacturing costs, due in part to parts shortages and labor challenges. Consolidated sales in the first quarter of fiscal 2022 increased three percent to $1.95 billion largely as a result of improved pricing and increased product content. Sales volume was relatively flat as increased shipments for access equipment in North America were offset by lower sales volumes in the Defense, Fire and Emergency and Commercial segments.
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