OshKosh Corporation (OSK - $94.65 – NYSE) (OSK, Financial) is a leading manufacturer of specialty trucks for commercial and government uses. Its shares rose sharply on the heels of solid calendar third quarter earnings. More important than the third quarter results was the outlook the company provided for its fiscal year 2020. This was generally in line with expectations and much better than investors had feared. The Street had become concerned about an expected soft patch for the company’s Access Equipment (scissor lifts, telehandlers) segment. It seems at this point that this softness will be manageable within the overall results of the company.
From Keeley Asset Management's Keeley Mid Cap Dividend Value Fund fourth-quarter 2019 shareholder letter.
