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    1. News & Analysis
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    Oshkosh Corp.’s Access Equipment Segment Hikes Revenue 28.9 Percent in Fourth Quarter

    Feb. 11, 2023
    Sales of aerial work platforms in the fourth quarter totaled $540.7 million compared to $415.3 million in the fourth quarter of 2021, a 30.2-percent increase year over year.
    Related To: JLG

    The Access Equipment segment of Oshkosh Corp., primarily JLG Industries, posted $1,074 million in revenue during the fourth quarter of 2022, compared to $833.5 million in the fourth quarter of 2021, a 28.9-percent increase. Sales of aerial work platforms in the fourth quarter totaled $540.7 million compared to $415.3 million in the fourth quarter of 2021, a 30.2-percent increase year over year. Telehandler sales totaled $319.3 million in Q422 compared to $210.6 million the previous year, a 51.6-percent rise. Sales of other items were moderate, increasing from $207.6 million in Q421, compared to $214 million in recently concluded quarter, a 3.1-percent increase.

    For the full year 2022, total Access Equipment revenues were $3,972.1 million, compared to $3,341.9 million in 2021, an 18.9-percent increase. The sale of aerial work platforms for the year totaled $1,949 million in 2022 compared to $1,608.7 million in 2021, a 21.2 percent hike. Telehandler revenues totaled $1,174.8 million in 2022 compared to $857.1 million in 2021, a 37.1-percent spike. The sales of “other items” was $848.3 million, down from $876.1 million in 2021, a 3,2-percent decline.

    Improved sales volume and higher pricing led to the revenue increases in response to higher input costs. Access Equipment segment sales in the fourth quarter of fiscal 2022 were unfavorably impacted by $20 million from changes in foreign currency exchange rates. Access Equipment segment operating income in the fourth quarter of fiscal 2022 increased 203.7 percent to $116 million, or 10 percent of sales, compared to $38.2 million, or 4.6 percent of sales for the three months ended December 31. The increase was primarily because of higher pricing and higher sales volume, offset in part by higher material and logistics costs and higher production costs.

    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.