Access Equipment Sales Drop in Fiscal Q2 for Oshkosh Corp.

JLG Industries, the access division of Oshkosh Corp., had a net sales decrease of 4.1 percent in Oshkosh’s fiscal second quarter, with $723.2 million in sales.

Michael Roth

April 28, 2017

JLG posted lower sales of telehandlers in North America and Europe in Oshkosh39s fiscal second quarter — JLG posted lower sales of telehandlers in North America and Europe in Oshkosh's fiscal second quarter.

JLG Industries, the access division of Oshkosh Corp., had a net sales decrease of 4.1 percent in Oshkosh’s fiscal second quarter, with $723.2 million in sales. The decline in sales was primarily because of lower telehandler sales volumes in North America and Europe as well as a more competitive pricing environment, offset in part by higher sales of used equipment and service.

Access equipment segment operating income decreased 44.4 percent to $42.1 million, or 5.8 percent of sales, in the second quarter of fiscal 2017, compared to $75.7 million or 10 percent of sales in the same period a year ago. Excluding restructuring-related charges, access equipment segment adjusted operating income in the quarter was $59.3 million. The decline in operating income was primarily the result of a more competitive pricing environment, along with higher expenses, including trade show costs.

For Oshkosh Corp. overall, consolidated net sales in the second quarter were $1.62 billion, a 6.2-percent increase. A significant jump in sales in the defense segment was partially offset by the drop in the access equipment and commercial segments.

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.