Sales surge at JLG

By Euan Youdale31 July 2018

Sales at JLG increased by 18.4% to $1.16 billion in the third quarter of its 2018 financial year 2018, while backlog for the three-month period rose dramatically.

The increase in sales for Oshkosh Corporation’s access division was mainly thanks to increased demand for telehandlers and MEWPs, led by North America.

Operating income increased 14.7% to $149.3 million, or 12.9% of sales, in the third quarter of fiscal 2018, compared to $130.2 million, or 13.3% of sales, in the third quarter of fiscal 2017. ”Higher sales volumes were responsible for the rise, as was improved pricing, offset in part by challenges associated with ramping up production volumes, adverse customer and product mix, increased freight costs and the impact of unfavourable foreign exchange rates,” said the company in its financial statement. 

The third quarter results included pre-tax and restructuring charges of $6.9 million. Excluding these charges, adjusted operating income was $156.2 million, or 13.5% of sales, in the financial third quarter of 2018, compared to $140.8 million, or 14.4% of sales, in the third quarter of 2017.

Net sales across the nine-month period were $2,716.2 million, compared to $2,192.6 million in the same period last year. Backlog in the nine months rose even more significantly from $523 million to $1,225.7 million.

Wilson Jones, president and CEO of Oshkosh Corporation said, “Despite the uncertainty surrounding the impact of trade policies, market fundamentals for our businesses are positive. Combined with a strong pipeline of defense business and higher backlog in all segments compared to the prior year, we are confident as we head into the last quarter of our fiscal year. The challenges we noted last quarter still exist and continued to impact us in the third quarter. But, the team is making progress addressing these challenges and we expect solid results to close out fiscal 2018.


Delivered directly to your inbox, Access, Lift & Handlers Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Featured Training From Easybook
NYC SST Online Training

The clock is ticking… Construction workers in New York City – have you fulfilled your required Site Safety Training (SST)? Get your SST card online now

Latest Events
Last chance to register for the virtual ALH Conference
The ALH Conference is set to kick off (virtually) at 9 a.m. CST on Tuesday, Sept. 14. This is your last chance to register for the live event
ALH Conference shifts to virtual format
The ALH Conference, set for September 14, will be held online, ALH and KHL Group have announced. Registration is now open
ARA Show: Rental-ready
The ARA Show will return to Las Vegas this October for the first time in eight years. ALH provides a preview to the all-things-rental event.
Off-Highway Research

The gold standard in market research

Off-Highway Research offers a library of more than 200 regularly updated reports, providing forensic detail on key aspects of the construction equipment industry.

Our detailed insights and expert analyses are used by over 500 of the world’s largest and most successful suppliers, manufacturers and distributers, to inform their strategic plans and deliver profitable growth.

Click here to visit our website

Lindsey Anderson Editor, Access, Lift & Handlers Tel: +1 312 929 4409 E-mail:
Tony Radke Sales Manager Tel: +1 480 478 6302 E-mail: