LAS VEGAS – Oshkosh Corporation (NYSE: NYSE:), a $6 billion market cap manufacturer of purpose-built vehicles with over $10.6 billion in annual revenue, announced an array of new technologies at CES this week. According to InvestingPro analysis, the company maintains strong financial health with an 18.65% gross margin. The innovations, centered around electrification, artificial intelligence (AI), autonomy, and connectivity, aim to enhance the safety and efficiency of essential workers in various sectors.
The company introduced a first-of-its-kind, all-electric front-loader vehicle designed for refuse and recycling collection. This vehicle is built to complete a full day’s work on a single charge and is equipped with an advanced driver assistance system and fleet management telematics. These innovations come as Oshkosh trades at an attractive P/E ratio of 9x, suggesting potential value for investors interested in the EV transformation story. InvestingPro’s analysis indicates the stock is currently trading below its Fair Value.
In addition to the electric vehicle, Oshkosh showcased an autonomous robot for on-demand refuse collection, named HARR-E™, which can be summoned via a smartphone app. The robot is designed to navigate autonomously using AI and advanced sensors to collect waste and return to a central area.
For first responders, Oshkosh revealed the Collision Avoidance Mitigation System (CAMS), a first-of-its-kind technology designed to provide advanced warning of potential collisions on the roadside. CAMS uses camera technology with AI, autonomous driving sensors, and radar to enhance situational awareness for emergency personnel.
Oshkosh is also bringing autonomous-driving technology to airports and job sites. The company debuted a driverless cargo handler for airports, designed to transport baggage autonomously. This electric vehicle is equipped with LiDAR, radars, cameras, and object recognition technologies.
The company’s CES booth features these technologies and other interconnected job site ecosystem innovations, including the JLG® Galileo, an all-electric machine that combines boom lift and rotating telehandler functions, and an Autonomous Mobile Charging Robot (AMCR) concept for wireless equipment charging.
John Pfeifer, president and CEO of Oshkosh Corporation, emphasized the value of technology in making a positive impact on communities and supporting a safe, productive, and clean future.
Oshkosh’s advancements demonstrate its commitment to integrating next-generation solutions across its portfolio of vehicles, which serve various end markets from fire and emergency services to refuse and recycling collection.
The information in this article is based on a press release statement from Oshkosh Corporation.
In other recent news, Oshkosh Corporation has witnessed significant developments. The company reported a 9% revenue increase to $2.74 billion in the third quarter of 2024, with an adjusted earnings per share (EPS) of $2.93. Additionally, Matthew Field has been appointed as the new Chief Financial Officer, a move that Baird analysts view positively due to his extensive industry experience. However, the company has adjusted its full-year EPS outlook downward due to softer market conditions in North America.
Oshkosh has also announced Ranjit Nair as the new President of Oshkosh AeroTech, a strategic move emphasizing the company’s focus on advancing aviation technologies. This comes amid concerns about potential changes to the U.S. Postal Service’s contracts for electric vehicles. Analyst Kyle Menges from Citi suggests a possible reduction in earnings per share if the electric vehicle portion of the contract is entirely removed, but maintains a positive outlook on Oshkosh.
These are the recent developments for Oshkosh Corporation, a company that continues to navigate through various market challenges and changes.
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