Small Drop in Sales Revenue for JLG
The access segment of Oshkosh Corp., better known to the rental industry as JLG Industries, decreased its sales in the first quarter of 206 by $13.7 million to $943.4 million, a 1.4-percent dip compared to the first quarter of 2025. The cause was lower sales volume, offset in part by favorable currency.
Access segment operating income in the first quarter of 2026 decreased 66.3 percent to $34.7 million, or 3.7 percent of sales, compared to $103.1 million, or 10.8 percent of sales, in the first quarter of 2025. The decrease was because of an adverse sales mix, adverse price/cost dynamics and lower sales volume.
Adjusted operating income in the first quarter of 2026 was $38.8 million, or 4.1 percent of sales, compared to $107.8 million, or 11.3 percent of sales, in the first quarter of 2025.
Oshkosh Corp. as a whole reported fairly flat net sales with $2,317.8 million in Q126 compared to $2,312.8 in the first quarter a year ago.
“We delivered first quarter adjusted earnings per share of $0.85 reflecting lower results in our Access and Vocational segments compared with last year,” said John Pfeifer, president and CEO of Oshkosh Corporation. “While fire truck production improved year-over-year, deliveries were below our expectations, driven in part by weather- and travel-related disruptions.
"In Access, lower results reflected adverse sales mix and unfavorable price-cost dynamics. We saw strong order activity and solid demand in the segment, supported by mega projects, including data center-related construction. Our Transport segment performed in line with our expectations as we continue to ramp NGDV production and execute on our defense portfolio.
“Importantly, demand across our segments remains solid and we have good visibility for the remainder of the year. We are maintaining our full-year expectation of adjusted earnings per share in the range of $11.50.”
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.