JLG Revenues Jump 18.4 Percent in Fiscal Third Quarter

JLG Industries, the access equipment segment of Oshkosh Corp., posted $1.16 billion in fiscal third quarter 2018 compared to $980.2 million in the fiscal third quarter of 2017, an 18.4-percent year-over-year increase, with improved demand for both telehandlers and aerial work platforms, led by North American sales.

Michael Roth

Aug. 13, 2018

A JLG G518A telehandler at work Demand for telehandlers and aerial work platforms have been strong particularly in North America — A JLG G5-18A telehandler at work. Demand for telehandlers and aerial work platforms have been strong, particularly in North America.

Access equipment segment operating income increased 14.7 percent to $149.3 million, or 12.9 percent of sales in the third quarter compared to $130.2 million or 13.3 percent of sales a year ago. The increase in operating income was primarily the result of the impact of higher sales volume and improved pricing, offset in part by challenges associated with the ramp up to higher production volumes, adverse customer and product mix, increased freight costs and impact from unfavorable foreign exchange results.

For the first nine months of the fiscal year, ended June 30, JLG posted $2,716.2 million compared to $2,192.6 million in the previous year’s nine months, a 23.9-percent jump.

Oshkosh Corp. as a whole reported fiscal third quarter revenues of $2,175.8 million compared to $2,036.9 million in the fiscal third quarter of 2017, a 6.8-percent increase.

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.