Separate Financial Information of Subsidiary Guarantors of Indebtedness

The Senior Notes are jointly, severally and unconditionally guaranteed on a senior unsecured basis by all of the Company’s existing and future subsidiaries that from time to time guarantee obligations under the Credit Agreement, with certain exceptions (the “Guarantors”). The following condensed supplemental consolidating financial information reflects the summarized financial information of Oshkosh Corporation, the Guarantors on a combined basis and Oshkosh Corporation's non-guarantor subsidiaries on a combined basis (in millions):

Condensed Consolidating Statement of Income

For the Three Months Ended March 31, 2013



	Oshkosh Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	863.3		$	908.0		$	250.5		$	(37.4	)	$	1,984.4
Cost of sales	771.2			723.2			224.0			(37.4		)	1,681.0
Gross income	92.1			184.8			26.5			—			303.4
Selling, general and administrative expenses	64.0			82.8			7.5			—			154.3
Amortization of purchased intangibles	—			10.0			4.5			—			14.5
Operating income	28.1			92.0			14.5			—			134.6
Interest expense	(50.7		)	(14.0		)	(0.8		)	49.1			(16.4		)
Interest income	0.6			9.1			41.1			(49.1		)	1.7
Miscellaneous, net	12.2			(37.4		)	25.3			—			0.1
Income (loss) from continuing operations before income taxes	(9.8		)	49.7			80.1			—			120.0
Provision for (benefit from) income taxes	(3.0		)	15.4			22.4			—			34.8
Income (loss) from continuing operations before equity in earnings (losses) of affiliates	(6.8		)	34.3			57.7			—			85.2
Equity in earnings of consolidated subsidiaries	93.3			28.5			34.8			(156.6		)	—
Equity in earnings (losses) of unconsolidated affiliates	—			—			0.7			—			0.7
Income from continuing operations	86.5			62.8			93.2			(156.6		)	85.9
Discontinued operations, net of tax	—			0.6			—			—			0.6
Net income	86.5			63.4			93.2			(156.6		)	86.5
Net income attributable to the noncontrolling interest	—			—			—			—			—
Net income attributable to Oshkosh Corporation	$	86.5		$	63.4		$	93.2		$	(156.6	)	$	86.5

Condensed Consolidating Statement of Income

For the Three Months Ended March 31, 2012



	Oshkosh Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	1,016.0		$	847.4		$	249.6		$	(50.7	)	$	2,062.3
Cost of sales	944.7			698.5			225.0			(50.0		)	1,818.2
Gross income	71.3			148.9			24.6			(0.7		)	244.1
Selling, general and administrative expenses	56.3			45.0			44.1			—			145.4
Amortization of purchased intangibles	—			10.0			4.6			—			14.6
Operating income	15.0			93.9			(24.1		)	(0.7		)	84.1
Interest expense	(45.8		)	(19.7		)	(1.2		)	48.7			(18.0		)
Interest income	0.6			7.6			41.1			(48.7		)	0.6
Miscellaneous, net	2.8			(56.2		)	54.7			—			1.3
Income (loss) from continuing operations before income taxes	(27.4		)	25.6			70.5			(0.7		)	68.0
Provision for (benefit from) income taxes	(6.2		)	7.4			23.5			(0.3		)	24.4
Income (loss) from continuing operations before equity in earnings (losses) of affiliates	(21.2		)	18.2			47.0			(0.4		)	43.6
Equity in earnings of consolidated subsidiaries	58.7			28.5			20.2			(107.4		)	—
Equity in earnings (losses) of unconsolidated affiliates	(0.2		)	—			0.2			—			—
Income from continuing operations	37.3			46.7			67.4			(107.8		)	43.6
Discontinued operations, net of tax	—			(5.2		)	(0.4		)	—			(5.6		)
Net income	37.3			41.5			67.0			(107.8		)	38.0
Net income attributable to the noncontrolling interest	—			—			(0.7		)	—			(0.7		)
Net income attributable to Oshkosh Corporation	$	37.3		$	41.5		$	66.3		$	(107.8	)	$	37.3

Condensed Consolidating Statement of Income

For the Six Months Ended March 31, 2013



	Oshkosh Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	1,721.7		$	1,639.5		$	440.7		$	(67.7	)	$	3,734.2
Cost of sales	1,540.4			1,320.3			391.7			(67.6		)	3,184.8
Gross income	181.3			319.2			49.0			(0.1		)	549.4
Selling, general and administrative expenses	135.8			156.8			13.0			—			305.6
Amortization of purchased intangibles	0.1			19.9			8.9			—			28.9
Operating income	45.4			142.5			27.1			(0.1		)	214.9
Interest expense	(101.5		)	(28.0		)	(1.9		)	98.6			(32.8		)
Interest income	1.2			19.1			82.5			(98.6		)	4.2
Miscellaneous, net	21.3			(65.1		)	44.2			—			0.4
Income (loss) from continuing operations before income taxes	(33.6		)	68.5			151.9			(0.1		)	186.7
Provision for (benefit from) income taxes	(10.4		)	21.3			44.9			—			55.8
Income (loss) from continuing operations before equity in earnings (losses) of affiliates	(23.2		)	47.2			107.0			(0.1		)	130.9
Equity in earnings of consolidated subsidiaries	156.2			45.5			46.6			(248.3		)	—
Equity in earnings (losses) of unconsolidated affiliates	—			—			1.3			—			1.3
Income from continuing operations	133.0			92.7			154.9			(248.4		)	132.2
Discontinued operations, net of tax	—			0.8			—			—			0.8
Net income	133.0			93.5			154.9			(248.4		)	133.0
Net income attributable to the noncontrolling interest	—			—			—			—			—
Net income attributable to Oshkosh Corporation	$	133.0		$	93.5		$	154.9		$	(248.4	)	$	133.0

Condensed Consolidating Statement of Income

For the Six Months Ended March 31, 2012



	Oshkosh Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	2,086.8		$	1,582.1		$	462.1		$	(200.2	)	$	3,930.8
Cost of sales	1,895.4			1,355.4			410.4			(199.4		)	3,461.8
Gross income	191.4			226.7			51.7			(0.8		)	469.0
Selling, general and administrative expenses	110.9			84.1			81.5			—			276.5
Amortization of purchased intangibles	0.1			20.0			9.2			—			29.3
Operating income	80.4			122.6			(39.0		)	(0.8		)	163.2
Interest expense	(93.9		)	(39.1		)	(2.2		)	96.7			(38.5		)
Interest income	1.1			15.1			81.7			(96.7		)	1.2
Miscellaneous, net	4.9			(91.2		)	82.0			—			(4.3		)
Income (loss) from continuing operations before income taxes	(7.5		)	7.4			122.5			(0.8		)	121.6
Provision for (benefit from) income taxes	(2.0		)	1.5			37.6			(0.3		)	36.8
Income (loss) from continuing operations before equity in earnings (losses) of affiliates	(5.5		)	5.9			84.9			(0.5		)	84.8
Equity in earnings of consolidated subsidiaries	81.9			48.9			13.7			(144.5		)	—
Equity in earnings (losses) of unconsolidated affiliates	(0.2		)	—			0.9			—			0.7
Income from continuing operations	76.2			54.8			99.5			(145.0		)	85.5
Discontinued operations, net of tax	—			(7.7		)	(0.5		)	—			(8.2		)
Net income	76.2			47.1			99.0			(145.0		)	77.3
Net income attributable to the noncontrolling interest	—			—			(1.1		)	—			(1.1		)
Net income attributable to Oshkosh Corporation	$	76.2		$	47.1		$	97.9		$	(145.0	)	$	76.2

Condensed Consolidating Statement of Comprehensive Income

For the Three Months Ended March 31, 2013



	Oshkosh Corporation			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Net income	$	86.5		$	63.4	$	93.2		$	(156.6	)	$	86.5
Other comprehensive income (loss), net of tax:
Change in fair value of derivative instruments	—			—		—			—			—
Employee pension and postretirement benefits	1.0			—		—			—			1.0
Currency translation adjustments	(10.0		)	0.1		(10.1		)	10.0			(10.0		)
Total other comprehensive income (loss), net of tax	(9.0		)	0.1		(10.1		)	10.0			(9.0		)
Comprehensive income	77.5			63.5		83.1			(146.6		)	77.5
Comprehensive (income) loss attributable to noncontrolling interest	—			—		—			—			—
Comprehensive income attributable to Oshkosh Corporation	$	77.5		$	63.5	$	83.1		$	(146.6	)	$	77.5

Condensed Consolidating Statement of Comprehensive Income

For the Three Months Ended March 31, 2012



	Oshkosh Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Net income	$	37.3	$	41.5	$	67.0		$	(107.8	)	$	38.0
Other comprehensive income (loss), net of tax:
Change in fair value of derivative instruments	—		—		—			—			—
Employee pension and postretirement benefits	1.5		—		—			—			1.5
Currency translation adjustments	11.8		0.4		11.4			(11.8		)	11.8
Total other comprehensive income (loss), net of tax	13.3		0.4		11.4			(11.8		)	13.3
Comprehensive income	50.6		41.9		78.4			(119.6		)	51.3
Comprehensive (income) loss attributable to noncontrolling interest	—		—		(0.7		)	—			(0.7		)
Comprehensive income attributable to Oshkosh Corporation	$	50.6	$	41.9	$	77.7		$	(119.6	)	$	50.6

Condensed Consolidating Statement of Comprehensive Income

For the Six Months Ended March 31, 2013



	Oshkosh Corporation			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Net income	$	133.0		$	93.5	$	154.9		$	(248.4	)	$	133.0
Other comprehensive income (loss), net of tax:
Change in fair value of derivative instruments	—			—		—			—			—
Employee pension and postretirement benefits	2.0			—		—			—			2.0
Currency translation adjustments	(1.4		)	0.1		(1.5		)	1.4			(1.4		)
Total other comprehensive income (loss), net of tax	0.6			0.1		(1.5		)	1.4			0.6
Comprehensive income	133.6			93.6		153.4			(247.0		)	133.6
Comprehensive (income) loss attributable to noncontrolling interest	—			—		—			—			—
Comprehensive income attributable to Oshkosh Corporation	$	133.6		$	93.6	$	153.4		$	(247.0	)	$	133.6

Condensed Consolidating Statement of Comprehensive Income

For the Six Months Ended March 31, 2012



	Oshkosh Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Net income	$	76.2	$	47.1	$	99.0		$	(145.0	)	$	77.3
Other comprehensive income (loss), net of tax:
Change in fair value of derivative instruments	1.4		—		—			—			1.4
Employee pension and postretirement benefits	3.0		—		—			—			3.0
Currency translation adjustments	3.7		2.6		1.1			(3.7		)	3.7
Total other comprehensive income (loss), net of tax	8.1		2.6		1.1			(3.7		)	8.1
Comprehensive income	84.3		49.7		100.1			(148.7		)	85.4
Comprehensive (income) loss attributable to noncontrolling interest	—		—		(1.1		)	—			(1.1		)
Comprehensive income attributable to Oshkosh Corporation	$	84.3	$	49.7	$	99.0		$	(148.7	)	$	84.3

Condensed Consolidating Balance Sheet

As of March 31, 2013



	Oshkosh Corporation		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	418.5	$	9.9		$	23.9	$	—		$	452.3
Receivables, net	322.0		513.6			173.9		(39.2		)	970.3
Inventories, net	395.8		424.4			241.9		(1.4		)	1,060.7
Other current assets	105.5		47.5			22.3		0.4			175.7
Total current assets	1,241.8		995.4			462.0		(40.2		)	2,659.0
Investment in and advances to consolidated subsidiaries	2,365.5		(1,115.5		)	3,407.9		(4,657.9		)	—
Intangible assets, net	2.3		1,090.7			690.4		—			1,783.4
Other long-term assets	146.3		148.8			137.1		—			432.2
Total assets	$	3,755.9	$	1,119.4		$	4,697.4	$	(4,698.1	)	$	4,874.6

Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	286.3	$	301.3		$	104.7	$	(32.8	)	$	659.5
Customer advances	329.2		196.8			3.1		—			529.1
Other current liabilities	157.1		190.9			85.4		(7.4		)	426.0
Total current liabilities	772.6		689.0			193.2		(40.2		)	1,614.6
Long-term debt, less current maturities	922.5		—			—		—			922.5
Other long-term liabilities	173.1		132.8			143.9		—			449.8
Shareholders' equity	1,887.7		297.6			4,360.3		(4,657.9		)	1,887.7
Total liabilities and shareholders' equity	$	3,755.9	$	1,119.4		$	4,697.4	$	(4,698.1	)	$	4,874.6

Condensed Consolidating Balance Sheet

As of September 30, 2012



	Oshkosh Corporation		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	500.0	$	5.5		$	35.2	$	—		$	540.7
Receivables, net	388.0		487.5			177.3		(34.2		)	1,018.6
Inventories, net	284.3		415.7			239.3		(1.8		)	937.5
Other current assets	129.2		47.9			20.6		—			197.7
Total current assets	1,301.5		956.6			472.4		(36.0		)	2,694.5
Investment in and advances to consolidated subsidiaries	2,358.1		(1,182.9		)	3,235.8		(4,411.0		)	—
Intangible assets, net	2.5		1,110.4			696.3		—			1,809.2
Other long-term assets	154.7		156.8			132.6		—			444.1
Total assets	$	3,816.8	$	1,040.9		$	4,537.1	$	(4,447.0	)	$	4,947.8

Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	326.2	$	288.9		$	96.7	$	(28.5	)	$	683.3
Customer advances	315.4		190.5			4.5		—			510.4
Other current liabilities	213.6		220.2			84.5		(7.5		)	510.8
Total current liabilities	855.2		699.6			185.7		(36.0		)	1,704.5
Long-term debt, less current maturities	955.0		—			—		—			955.0
Other long-term liabilities	153.1		137.3			144.4		—			434.8
Shareholders' equity	1,853.5		204.0			4,207.0		(4,411.0		)	1,853.5
Total liabilities and shareholders' equity	$	3,816.8	$	1,040.9		$	4,537.1	$	(4,447.0	)	$	4,947.8

Condensed Consolidating Statement of Cash Flows

For the Six Months Ended March 31, 2013



	Oshkosh Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net cash provided (used) by operating activities	$	(114.1	)	$	33.4		$	125.1		$	—		$	44.4

Investing activities:
Additions to property, plant and equipment	(5.7		)	(5.3		)	(4.4		)	—			(15.4		)
Additions to equipment held for rental	—			—			(10.1		)	—			(10.1		)
Intercompany investing	147.5			(10.7		)	(122.0		)	(14.8		)	—
Other investing activities	—			—			0.6			—			0.6
Net cash provided (used) by investing activities	141.8			(16.0		)	(135.9		)	(14.8		)	(24.9		)

Financing activities:
Repayment of long-term debt	—			—			—			—			—
Repurchase of common stock	(125.1		)	—			—			—			(125.1		)
Proceeds from exercise of stock options	15.7			—			—			—			15.7
Intercompany financing	(0.6		)	(13.0		)	(1.2		)	14.8			—
Other financing activities	0.8			—			—			—			0.8
Net cash provided (used) by financing activities	(109.2		)	(13.0		)	(1.2		)	14.8			(108.6		)

Effect of exchange rate changes on cash	—			—			0.7			—			0.7
Increase (decrease) in cash and cash equivalents	(81.5		)	4.4			(11.3		)	—			(88.4		)
Cash and cash equivalents at beginning of period	500.0			5.5			35.2			—			540.7
Cash and cash equivalents at end of period	$	418.5		$	9.9		$	23.9		$	—		$	452.3

Condensed Consolidating Statement of Cash Flows

For the Six Months Ended March 31, 2012



	Oshkosh Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net cash provided (used) by operating activities	$	(40.1	)	$	(16.7	)	$	103.7		$	—		$	46.9

Investing activities:
Additions to property, plant and equipment	(12.0		)	(7.7		)	(4.4		)	—			(24.1		)
Additions to equipment held for rental	—			—			(3.1		)	—			(3.1		)
Intercompany investing	81.2			28.7			(96.9		)	(13.0		)	—
Other investing activities	5.2			1.0			1.6			—			7.8
Net cash provided (used) by investing activities	74.4			22.0			(102.8		)	(13.0		)	(19.4		)

Financing activities:
Repayment of long-term debt	(72.5		)	—			—			—			(72.5		)
Repurchase of Common Stock	—			—			—			—			—
Proceeds from exercise of stock options	2.9			—			—			—			2.9
Intercompany financing	(0.6		)	(13.0		)	0.6			13.0			—
Other financing activities	(0.4		)	—			0.2			—			(0.2		)
Net cash provided (used) by financing activities	(70.6		)	(13.0		)	0.8			13.0			(69.8		)

Effect of exchange rate changes on cash	—			0.8			1.4			—			2.2
Increase (decrease) in cash and cash equivalents	(36.3		)	(6.9		)	3.1			—			(40.1		)
Cash and cash equivalents at beginning of period	376.3			13.5			38.7			—			428.5
Cash and cash equivalents at end of period	$	340.0		$	6.6		$	41.8		$	—		$	388.4