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    1. Aerial/Lifting

    JLG Revenue Jumps 7.7 Percent in Fiscal Third Quarter

    Aug. 1, 2019
    JLG Industries, the access equipment segment of Oshkosh Corp., posted $1,249.1 million in revenue for the fiscal third quarter of 2019, compared to $1,160.1 million for the fiscal third quarter of 2018, a 7.7-percent year-over-year increase.

    JLG Industries, the access equipment segment of Oshkosh Corp., posted $1,249.1 million in revenue for the fiscal third quarter of 2019, compared to $1,160.1 million for the fiscal third quarter of 2018, a 7.7-percent year-over-year increase. The biggest increase was in telehandler sales with $358.9 million in sales compared to $300.2 million in the fiscal third quarter of 2018, a 19.6-percent increase. Aerial work platform sales increased slightly to $664.2 million compared to $650.8 million, a 2.1-percent increase.

    The increase in sales was the result of increased sales volume and higher pricing in response to increased material costs. Sales grew in all regions except Europe, Africa and the Middle East. Access equipment segment operating income in the third quarter of fiscal 2019 increased 27.2 percent to $189.9 million, or 15.2 percent of sales, compared to $149.3 million, or 12.9 percent of sales, in the third fiscal quarter of 2018. The increase in operating income was primarily because of higher sales volume, favorable manufacturing efficieincies, improved price/cost dynamics and the absence of restructuring-related expenses.

    Oshkosh Corp. as a whole reported fiscal 2019 net income of $191.9 million compared to $153.4 million in the third quarter of fiscal 2018, a 25.1-percent boost.

    About the Author

    Michael Roth | Editor

    Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.