Oshkosh Truck Named to Forbes' Best Managed Companies in America

OSHKOSH, Wis.--Jan. 1, 20042, 2004--

Five-year average total return of 37.5% tops capital goods category

Oshkosh Truck Corporation , a leading manufacturer of specialty trucks and truck bodies, announced today that the company was named one of the Best Managed Companies in America by Forbes Magazine. "These companies exude excellence - in how they're managed and in financial performance," according to Forbes' January 12, 2004 issue. Oshkosh led the Capital Goods category with a five-year average total return of 37.5%, one of just 26 industry leaders highlighted in the issue.

"We are very proud to be recognized by Forbes as one of the best managed companies. We strive to deliver value to our customers on a daily basis, which ultimately drives performance for our shareholders. This recognition is really a tribute to the hard work of our employees, who design and build the toughest trucks and truck bodies in the world," said Robert G. Bohn, chairman, president and chief executive officer of Oshkosh.

Companies were ranked on the basis of five-year average total return, long- and short-term sales, as well as other financial measurements.

The 26 best managed companies in America are part of Forbes' annual Platinum 400 list of the Best Big Companies in America, which has included Oshkosh for the past four years. The magazine publishes five lists annually, but its Platinum 400 List of the Best Big Companies is its premier list.

Oshkosh Truck Corporation is a leading manufacturer of specialty trucks and truck bodies for the defense, fire and emergency, concrete placement and refuse hauling markets. Oshkosh Truck is a Fortune 1000 company with products marketed under the Oshkosh(R), Pierce(R), McNeilus(R), Medtec(R), Geesink and Norba brand names. The company is headquartered in Oshkosh, Wis., and had annual sales of $1.9 billion in fiscal 2003.

To learn more about Oshkosh Truck Corporation, visit its web site at www.oshkoshtruckcorporation.com.