Oshkosh withdraws fiscal 2020 financial expectations

By Marjorie Censer / March 23, 2020 at 9:03 PM

Joint Light Tactical Vehicle manufacturer Oshkosh said today that while it is suspending access equipment production in North America next week, its defense segment is still working.

"While COVID-19 is also impacting our Defense, Fire & Emergency and Commercial segments, we continue to use [Centers for Disease Control and Prevention] recommended safety procedures across the Company and production continues in those segments at this time," Wilson Jones, Oshkosh's chief executive, said in a statement.

Oshkosh said the company expects coronavirus to affect its financial results, "but the magnitude and timing of the impact is uncertain."

"In addition, production at any of the Company's facilities may be further impacted as a result of possible government, market or Company actions due to COVID-19," the company continued. "For these reasons, Oshkosh is withdrawing its fiscal 2020 financial expectations. The Company plans to provide an update for the remainder of fiscal 2020 when it announces fiscal 2020 second quarter results."