Shares of Oshkosh Corp (NYSE:OSK) ended Friday session in red amid volatile trading. The shares closed down -6.02 points or -10.58% at $50.88 with 3.99 million shares getting traded. Post opening the session at $54.30, the shares hit an intraday low of $50.77 and an intraday high of $54.83 and the price vacillated in this range throughout the day. The company has a market cap of $3.78 billion and the numbers of outstanding shares have been calculated to be 73.48 million shares.
Oshkosh Corp (OSK) on July 28, 2016 reported fiscal 2016 third quarter net income of $84.2 million, or $1.13 per diluted share, compared to $89.9 million, or $1.13 per diluted share, in the third quarter of fiscal 2015. Comparisons in this news release are to the corresponding period of the prior year, unless otherwise noted.
Consolidated net sales in the third quarter of fiscal 2016 were $1.75 billion, an increase of 8.4 percent. Higher sales in the defense, fire & emergency and access equipment segments were partially offset by a slight decline in sales in the commercial segment.
Consolidated operating income in the third quarter of fiscal 2016 was $146.8 million, or 8.4 percent of sales, compared to $136.6 million, or 8.5 percent of sales, in the prior year third quarter. The increase in operating income was the result of higher defense, fire & emergency and commercial segment operating income, offset in part by lower access equipment segment operating income and higher corporate expenses.
“Our solid fiscal third quarter results were led by strong performance in our defense and fire & emergency segments, each of which recorded year-over-year increases in sales, operating income and operating income margin,” said Wilson Jones, president and chief executive officer of Oshkosh Corporation. “Our People First culture, the further enhancement and execution of our MOVE strategy and our innovative products contribute to Oshkosh being a different integrated global industrial, enabling us to deliver solid performance in a variety of economic conditions.
Shares of Hershey Co (NYSE:HSY) ended Friday session in red amid volatile trading. The shares closed down -0.31 points or -0.32% at $95.85 with 3.85 million shares getting traded. Post opening the session at $95.79, the shares hit an intraday low of $94.77 and an intraday high of $97.72 and the price vacillated in this range throughout the day. The company has a market cap of $20.39 billion and the numbers of outstanding shares have been calculated to be 152.57 million shares.
On September 20, 2016 The Hershey Company (HSY) has been named again to the prestigious Dow Jones Sustainability World and North America Indices (DJSI).
Hershey is one of only 11 companies from the Food, Beverage and Tobacco Industry in the World Index and ranked in the 91 percentile overall. The company received top scores in health and nutrition, packaging environmental impact, and water related risks categories. This is the fourth consecutive year that Hershey has been included in the World Index and the fifth year for the North American Index.
The DJSI Indices are regarded as the highest standard for evaluating corporate sustainability based on Environmental, Social, and Governance factors. Hershey’s DJSI ranking puts the company’s sustainability performance among the top in the world.
“Hershey has a vision of ‘sharing goodness with the world’ that is embedded in our belief that company performance is linked to responsible and sustainable operations,” said Michele Buck, Chief Operating Officer at The Hershey Company. “Operating ethically as we strive to deliver strong performance deepens our sense of purpose and benefits our shareholders, employees and the communities in which we live and work.”