US manufacturer Oshkosh has registered $8.28bn in net sales for fiscal year 2022, compared with net sales of $7.95bn in the year prior.
Net income for the full year was $173.9m, or $2.63 per diluted share, compared with $461.1m, or $6.68 per diluted share, in the previous year.
The decrease in net income has been attributed to higher material and logistics costs, manufacturing costs, new product development spending, and other factors.
For the 12 months that ended on 31 December 2022, adjusted net income was $228.7m, or $3.46 per diluted share, compared with $378.2m, or $5.