OSK - Oshkosh: Execution Remains On Track
2024-06-12 17:17:51 ET
Summary
- Oshkosh Corporation shows strong operating momentum, with good fundamentals and a growing backlog into 2024.
- The company split activities across three segments, with revenues driven by the access segment, aerial work platforms, and defense segment.
- With Oshkosh's operating momentum being decent and bolt-on M&A being pursued, amidst very reasonable valuations, I expected a re-rating over time.
At the start of the year, I believed that shares of Oshkosh Corporation ( OSK ) were looking good into 2024. The company enjoyed solid operating momentum, allowing shares to surpass the $100 mark, with the fundamentals looking good into 2024, backed up by a growing backlog....
Oshkosh: Execution Remains On Track