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Oshkosh profit halves as defense vehicle sales fall 46 pct

Thursday, 31 Oct 2013 | 7:20 AM ET

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.

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