wsj_0136.xml
WSJ891102-0055
WSJ891102-0055
=
891102
=
891102
891102-0055
.
891102-0055
.
Business
Brief
--
Oshkosh
Truck
Corp.
:
@
Firm
Says
Net
Fell
Sharply
@
In
Its
Fiscal
Fourth
Quarter
Business
Brief
--
Oshkosh
Truck
Corp.
:
@
Firm
Says
Net
Fell
Sharply
@
In
Its
Fiscal
Fourth
Quarter
11/02/89
11/02/89
11/02/89
WALL
STREET
JOURNAL
(
J
)
WALL
STREET
JOURNAL
(
J
)
OTRKB
OTRKB
EARNINGS
(
ERN
)
EARNINGS
(
ERN
)
Oshkosh
Truck
Corp.
,
Oshkosh
,
Wis.
,
estimated
earnings
for
its
fourth
quarter
ended
Sept.
30
fell
50
%
to
75
%
below
the
year-earlier
$
4.5
million
,
or
51
cents
a
share
.
The
truck
maker
said
the
significant
drop
in
net
income
will
result
in
lower
earnings
for
the
fiscal
year
.
In
fiscal
1988
,
the
company
earned
$
17.3
million
,
or
$
1.92
a
share
,
on
revenue
of
$
352.9
million
.
Oshkosh
Truck
attributed
the
downturn
in
its
earnings
to
higher
start-up
costs
of
its
new
chassis
division
,
a
softer
motor-home
market
and
higher
administrative
costs
of
compliance
with
government
contractor
regulations
.
The
company
said
it
is
in
the
process
of
phasing
out
John
Deere
,
its
current
source
of
production
for
midsized
motor
home
chassis
.
In
anticipation
of
the
start-up
of
its
new
factory
,
the
company
said
a
larger-than-normal
chassis
supply
has
been
built
to
carry
it
through
the
transition
period
.