Oshkosh profit halves as defense vehicle sales fall 46 pct
Oct 31 (Reuters) - Oshkosh Corp, a maker of specialty trucks, reported a 54 percent fall in quarterly profit as sales at the company's defense business plunged due to spending cuts by the U.S. Department of Defense.
Net income attributable to Oshkosh fell to $36.3 million, or 41 cents per share, in the fourth quarter ended Sept. 30 from $78.9 million, or 86 cents per share, a year earlier.
Sales at the company's defense business fell about 46 percent to $513.8 million.
Total revenue was down 15.8 percent at $1.73 billion.