MCCONNELLSBURG, Pa. —The JLG access segment of Oshkosh Corp. posted a 40.4-percent increase to $814.6 million for the third quarter of fiscal 2012, compared with $580.1 million for the same period a year ago. The company said $426.1 million in sales were from aerial work platforms, with $260.8 million from telehandlers and $127.7 million from “other.”
The company attributed the revenue increase to higher unit volumes, and previously announced price hikes. Sales grew by double-digit percentages compared to the prior-year quarter in all major regions of the world, with the largest increase emanating from North America.
For the first nine months of the fiscal year, the access segment posted net sales of $2.20 billion, compared with $1.38 billion for the year-ago period, a 59.8-percent hike.
“Strong execution of our MOVE strategy initiatives supported improved results from the second to the third fiscal quarters,” said Charles Szews, Oshkosh Corp. president and CEO. “Each of our non-defense segments also posted improved performance and higher operating income margins compared with the third quarter of last year. Margin improvement was particularly strong in the access equipment and commercial segments due in part to our continuing efforts to reduce our product, process and overhead costs.”
In the third quarter of fiscal 2012, access equipment segment operating income nearly tripled to $88.2 million, or 10.8 percent of sales, compared to prior-year Q3 operating income of $29.5 million, or 5.1 percent of sales. The increase reflected higher volume, price increases and manufacturing efficiencies, offset in part by higher material costs.
For the whole company, net sales for the quarter were $2.18 billion, compared with $2.02 billion in the year-ago period, a 7.6-percent increase. For the first nine months of the fiscal year, sales totaled $6.13 billion, compared with $5.47 billion a year ago, a 12.1-percent hike.
Oshkosh Corp. is based in Oshkosh, Wis. The access segment is headquartered in McConnellsburg, Pa.