Oshkosh reaffirms its EPS expectation after FQ1 results

• Oshkosh (NYSE:NYSE:OSK) reports net sales fell 11.6% due to lower Defense segment sales and lower Fire & emergency shipments.
• Segment sales: Access equipment: $716.7M (+7.19%); Defence: $269.3M (-44.05%); Fire & emergency: $167M (-15.66%); Commercial: $210.2M (+9.14%).
• Gross profit rate improved 30 bps to $16.97%.
• Operating margin rate declined 146 bps to 4.85%.
• FY2015 Guidance: Net sales: $6.5B to $6.6B; Adjusted EPS: $4.00 to $4.25.
• FQ1 results