Oshkosh's products include JLG access equipment

Oshkosh Corporation has reported fiscal 2017 third quarter net income of USD128.6 million - up from USD84.2 million for the same quarter in 2016.

Consolidated net sales in the third quarter of fiscal 2017 were USD2.04 billion, an increase of 16.6%.

"We are pleased to report another quarter of strong performance highlighted by growth in revenue, operating income and earnings per share in our fiscal third quarter," says Wilson R. Jones, president and chief executive officer of Oshkosh Corporation, who notes increased sales in all four segments.

"This was a strong quarter by many measures of performance and we are proud of the way our team members are executing in this, our 100th year as a company. In particular, our access equipment and fire & emergency segments reported stronger than expected results in the quarter and all of our non-defense segments ended the period with higher year-over-year backlogs.

"Additionally, our defense team worked hard to deliver M-ATVs in support of a large international order that extends into the first quarter of fiscal 2018. They are also on track delivering JLTVs to the US Department of Defense that are being driven and tested daily to support the government's Low Rate Initial Production schedule as the program ramps up over the next several years."

Jones is upbeat about the remainder of fiscal 2017, looking forward to "delivering strong fiscal 2017 performance and believe we are well positioned for fiscal 2018, as evidenced by our strong backlogs, positive sentiment in our markets and the strength of our people".

Oshkosh's four divisions cover access equipment, defense, fire and emergency and commercial.