Benzinga | Jul 29, 2021 07:01AM EDT

Oshkosh Narrows FY21 Adj. EPS Guidance From $6.35-$6.85 To $6.35-$6.50 vs $6.84 Est.

"We are increasing our fiscal 2021 GAAP earnings per share expectations to a range of $7.15 to $7.30 as a result of the tax benefit recognized in the third quarter offset in part by ongoing supply chain-related challenges. The ongoing supply chain-related challenges have also caused us to update our adjusted earnings per share expectations for fiscal 2021 to a range of $6.35 to $6.50 compared with the previous adjusted earnings per share range of $6.35 to $6.85. Demand is strong across the markets where we compete, and we remain confident in the outlook for these markets. In particular, we are pleased with growing demand for access equipment, which we believe will remain strong for the foreseeable future," said Pfeifer.