|Oshkosh Corporation Foundation Commits $100,000 to Food Pantries|
OSHKOSH, Wis., Mar 25, 2010 (BUSINESS WIRE) -- The Oshkosh Corporation Foundation, Inc., the charitable arm of Oshkosh Corporation (NYSE:OSK), is donating $100,000 to food pantries that serve the communities where Oshkosh Corporation has operations. Checks for $25,000 each were given recently to the St. Joseph's Food Program, located in Menasha, WI and the Oshkosh Area Community Pantry of Oshkosh, WI.
"In today's economic conditions, Oshkosh Corporation understands how important these organizations are to thousands of area families and individuals who are struggling just to put food on the table," said Connie Stellmacher, Oshkosh Corporation Foundation vice president. "With the tremendous increase in the number of people seeking assistance for food, we felt it was important to help these food pantries continue their invaluable services to those less fortunate in our communities."
The St. Joseph Food Program has been in existence since 1982. "Donations such as the one from the Oshkosh Corporation Foundation are critical to the success of our program," said Karen Ziemke, development director of the St. Joseph Food Program. "Our organization provides hope to many needy families in our community and we are extremely grateful for this support."
The Oshkosh Area Community Pantry traces its roots back to 1989 and touches thousands in the Oshkosh area. "More and more people are in need of assistance during these troubling times. With the support of organizations such as the Oshkosh Corporation Foundation, we can continue to be to be a valuable resource for those in need," said Steve Vickman, executive director of Oshkosh Area Community Pantry.
These contributions are part of a $100,000 food pantry campaign launched this year by the Oshkosh Corporation Foundation. In the spirit of social responsibility, the Foundation contributes to social concerns found in Oshkosh Corporation facility communities through donations, volunteerism and leadership.
About Oshkosh Corporation
Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corp. manufactures, distributes and services products under the brands of Oshkosh(R), JLG(R), Pierce(R), McNeilus(R), Medtec(R), Jerr-Dan(R), Oshkosh Specialty Vehicles, Frontline(TM), SMIT(TM), CON-E-CO(R), London(R) and IMT(R). Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, log on to www.oshkoshcorporation.com.
(R), (TM) All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
This press 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 press 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 risks related to sustaining the required rate of production for the M-ATV contract and the amount, if any, of additional orders for M-ATVs that the Company may receive; the cyclical nature of the Company's access equipment, commercial and fire & emergency markets, especially during a global recession and tight credit markets; the duration of the global recession, which could lead to additional impairment charges related to many of the Company's intangible assets; the expected level and timing of U.S. Department of Defense procurement of products and services and funding thereof, risks related to reductions in government expenditures, the potential for the government to competitively bid the Company's Army and Marine contracts and the uncertainty of government contracts generally; the consequences of financial leverage associated with the JLG acquisition, which could limit the Company's ability to pursue various opportunities; risks related to the collectability of receivables during a recession, particularly for those businesses with exposure to construction markets; risks related to production delays as a result of the economy's impact on the Company's suppliers; the potential for commodity costs to rise sharply, including in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; and the potential for increased costs relating to compliance with changes in laws and regulations. Additional information concerning these and other factors is contained in the Company's filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this press 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.
SOURCE: Oshkosh Corporation