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    JLG Boosts Fiscal Second Quarter Sales 6.4 Percent

    May 8, 2019
    JLG, the access equipment segment of Oshkosh Corp., reported net sales in the second quarter of fiscal 2019 of $987.6 million, a 6.4-percent increase.

    JLG, the access equipment segment of Oshkosh Corp., reported net sales in the second quarter of fiscal 2019 of $987.6 million, a 6.4-percent increase. The increase in sales was because of increased sales volume and higher pricing in response to higher material costs. Sales grew in all regions in the second quarter of fiscal 2019, led by the Pacific rim.

    Access equipment segment operating income in fiscal Q219 increased 22.7 percent to $119.8, or 12.1 percent of sales, compared to $97.6 million, or 10.5 percent of sales, in the second quarter of fiscal 2018. The increase in operating income was primarily the result of improved pricing, the impact of higher sales volume, the absence of restructuring-related expenses, and improved operational efficiencies, including fewer supplier disruptions, offset in part by higher material costs. The second quarter of fiscal 2018 also included a benefit of $7.7 million related to the recognition of deferred margin upon the receipt of cash from a customer on the cost recovery method of accounting.

    Oshkosh Corp. as a while reported $1,990.2 million in revenue for the fiscal second quarter compared to $1,886.4 million in the year-ago quarter, a 5.5-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.