McNEILUS CELEBRATES 50 YEARS OF DRIVING INDUSTRY STANDARDS

For half a century, McNeilus has continued to set the standard for reliability and durability with its industry-leading concrete mixers and refuse trucks.

McNeilus is celebrating 50 years of strength, stability and industry-leading support.

DODGE CENTER, Minn. (Jan. 30, 2020) – McNeilus Truck and Manufacturing, Inc., an Oshkosh Corporation (NYSE:OSK) company, is celebrating its 50th anniversary this year. Since its inception, McNeilus has continued to set the standard for reliability and durability with its industry-leading concrete mixers and refuse trucks. McNeilus began operations in 1970 building concrete batch plants and soon expanded to manufacturing McNeilus-brand concrete mixers. A new venture in a new industry followed with the launch of the first McNeilus refuse collection vehicle in 1991. Then in 1999, McNeilus joined the Oshkosh Corporation family of companies known for building premiere severe-duty vehicles across the globe.

Today, McNeilus Truck and Manufacturing employs approximately 1,200 people at its headquarters in Dodge Center, Minn., and another 300 employees across North America. McNeilus concrete mixers and refuse collection vehicles can be found throughout North America and across the globe from the United Kingdom to Southeast Asia to Latin America.

The company has a strong reputation as a reliable brand with vast expertise in the industries it manufactures products for, along with an unsurpassed support and service network. From the formation of McNeilus’ Street Smart Parts and Street Smart Service brands in 2001, the company’s customer support network has expanded to include branch locations and service centers across the United States and Canada. Street Smart Parts and Street Smart Service provide customers a wide range of parts and service options for both OEM and non-McNeilus products, as well as rigorously-trained mobile technicians nationwide and same-day premium parts availability.

The company’s products, services, technology and manufacturing practices have advanced dramatically while continuing to meet and exceed customer expectations. The McNeilus brand is synonymous with partnership and known for offering products, services and technology innovations that provide solutions customers need now and in the future. Two of the most recent innovations include the award-winning FLEX Controls™ for concrete mixers and CODE™ Controls for refuse collection vehicles. Both systems combine vehicle operations, diagnostics and troubleshooting and put it right at the operator’s fingertips, offering outstanding control and consistent operation.

McNeilus will commemorate its 50-year milestone with a yearlong celebration including interactive social media content and other promotions, as well as an employee and community appreciation event in July.

“As we celebrate our 50th anniversary, we’re already looking ahead and working on the next 50 years and beyond,” says Brad Nelson, president of McNeilus Truck and Manufacturing and senior vice president of Oshkosh Corporation’s Commercial Segment. “We have a strong foundation and will continue to grow and innovate, while providing what’s best for our customers and helping to shape the industry.”

To learn more about McNeilus, please visit www.mcneiluscompanies.com and www.mcneiluscompanies.com/about/careers.

About McNeilus

McNeilus Truck and Manufacturing, an Oshkosh Corporation company, is an industry leading manufacturer of refuse truck bodies and concrete mixers. McNeilus produces a complete line of rear load, front load, and automated side load units to augment any refuse collection fleet. Each product line offers multiple models to fit your specific needs. The McNeilus mixer has long been the industry standard when it comes to transporting concrete to the job site. McNeilus, along with sister companies CON-E-CO, London and IMT, provide the industry with the finest concrete mixers, batch plants and service trucks to enhance your operation. Through its CNG Systems and Service program, McNeilus installs, services and supports compressed natural gas (CNG) solutions for heavy duty fleets of all types. All supported by a comprehensive, factory direct sales and service network equipped with replacement parts to bring new life to your entire fleet. For more information, go to www.mcneiluscompanies.com.

About Oshkosh Corporation

At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs more than 15,000 team members worldwide, all united behind a common cause: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, Oshkosh® Defense, McNeilus®, IMT®, Frontline™, Jerr-Dan®, Oshkosh® Airport Products, CON-E-CO® and London™. For more information, visit oshkoshcorp.com.

®, TM All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.

Forward-Looking Statements

This news release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, which are particularly impacted by the strength of U.S. and European economies and construction seasons; the Company’s ability to increase prices or impose surcharges to raise margins or to offset higher input costs, including increased commodity, raw material, labor and freights costs; the Company’s estimates of access equipment demand which, among other factors, is influenced by customer historical buying patterns and rental company fleet replacement strategies; the strength of the U.S. dollar and its impact on Company exports, translation of foreign sales and the cost of purchased materials; the expected level and timing of U.S. Department of Defense (DoD) and international defense customer procurement of products and services and acceptance of and funding or payments for such products and services; the Company’s ability to predict the level and timing of orders for indefinite delivery/indefinite quantity contracts with the U.S. federal government; risks related to reductions in government expenditures in light of U.S. defense budget pressures, sequestration and an uncertain DoD tactical wheeled vehicle strategy; the impact of any DoD solicitation for competition for future contracts to produce military vehicles; risks related to facilities expansion, consolidation and alignment, including the amounts of related costs and charges and that anticipated cost savings may not be achieved; projected adoption rates of work at height machinery in emerging markets; the impact of severe weather or natural disasters that may affect the Company, its suppliers or its customers; risks related to the collectability of receivables, particularly for those businesses with exposure to construction markets; the cost of any warranty campaigns related to the Company’s products; risks associated with international operations and sales, including compliance with the Foreign Corrupt Practices Act; risks that an escalating trade war and related tariffs could reduce the competitiveness of the Company’s products; the Company’s ability to comply with complex laws and regulations applicable to U.S. government contractors; cybersecurity risks and costs of defending against, mitigating and responding to data security threats and breaches; the Company’s ability to successfully identify, complete and integrate acquisitions and to realize the anticipated benefits associated with the same; and risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission, including the Form 8-K. All forward-looking statements speak only as of the date of this news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.

 

 

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