July 30, 2009 / 11:37 AM / 10 years ago

UPDATE 2-Oshkosh posts 3rd-qtr loss, shrs fall

* Reports 3rd-qtr net loss of 36 cents a share

* Reports loss from continuing ops of 30 cents a share

* Analysts expected loss of 19 cents a share (Adds details on sales decline, background on military business)

CHICAGO, July 30 (Reuters) - Specialty truckmaker Oshkosh Corp (OSK.N) said on Thursday it swung to a wider-than-expected quarterly loss as the downturn in global construction markets continued to weigh on sales of vehicles used by builders.

Oshkosh shares fell nearly 9 percent in premarket trading.

The third-quarter loss from continuing operations was $22 million, or 30 cents a share, versus a profit of $102 million, or $1.36 a share, a year ago.

The results excluded the company’s Geesink Norba group, which Oshkosh sold earlier this month.

Including the discontinued operations, Oshkosh said it lost 36 cents a share.

Sales fell 36 percent to $1.2 billion.

Analysts, on average, had expected the company to report a loss of 19 cents a share on sales of $1.37 billion, according to Reuters Estimates.

The shares fell to $24.50 premarket from their Wednesday close of $26.86 on the New York Stock Exchange.

The results reflected dismal sales of the company’s aerial work platforms, telehandlers and concrete placement products — construction industry vehicles — that were all down 75 percent or more during the quarter.

That offset strength in its fire and emergency vehicles business, as well as its growing defense unit.

Late in the third quarter, Oshkosh won a $1.1 billion fixed-price contract to build 2,244 lighter, more maneuverable armored trucks for use by U.S. troops in Afghanistan, beating out BAE Systems Plc (BAES.L), Navistar International Corp (NAV.N), and Force Dynamics LLC, a joint venture between Force Protection Inc (FRPT.O) and General Dynamics Corp (GD.N). (Reporting by James Kelleher; editing by Jeffrey Benkoe)

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