OSHKOSH, Wis. (AP) — Truck maker Oshkosh Corp. says it hopes to double its earnings over the next three years.
The company expects to move from earning an anticipated $2.05 to $2.15 in its 2012 fiscal year on an adjusted basis to $4 to $4.50 per share in fiscal 2015, yielding a compound annual growth rate of 23 to 30 percent.
Analysts polled by FactSet are expecting the company to earn $2.10 per share for 2012.
Oshkosh made the announcement Friday as part of its analyst day.
The company also said that it expects to increase international sales to more than 25 percent of overall sales by fiscal 2015. It did not disclose what percentage of its sales came from international business during its last fiscal earnings report.
Oshkosh has reported better-than-expected earnings for the first nine months of the year and has raised its full-year forecast twice. The company said it expects to improve its margins and cash flow through better cost management, global growth, improved execution and prudent capital allocation.
The company, based in Oshkosh, Wis., manufactures fire, military and other vehicle bodies.
Shares of the company increased $1.02, nearly 4 percent, to $28.52 by midday.
