The maker of specialty trucks and other vehicles for military, fire, industrial and other uses said Q4 EPS fell to 49 cents from 65 cents a year ago, matching views. Oshkosh's (OSK) revenue dipped to $1.73 bil from $2.06 bil, just under estimates for $1.75 bil. The company cited weak defense business due to gov't spending cuts. The automatic budget cuts, known as sequestration, have reduced spending by the Defense Dept. Boeing (BA) earlier reported a 5% fall in sales of military aircraft in Q3. Oshkosh shares dropped 9.8% to 47.59.
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