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JLG Revenue Leaps 27.2 Percent in Fiscal Fourth Quarter

Nov. 3, 2018
JLG Industries, the access equipment segment of Oshkosh Corp. posted $1.06 billion in fiscal fourth quarter revenue compared to $833.8 million for the fiscal fourth quarter of 2017, a 27.2-percent increase.

JLG Industries, the access equipment segment of Oshkosh Corp. posted $1.06 billion in fiscal fourth quarter revenue compared to $833.8 million for the fiscal fourth quarter of 2017, a 27.2-percent increase. For the full fiscal year, access equipment sales totaled $3.777 billion compared to $3.026 billion in fiscal 2017, a 24.8-percent leap.

JLG posted $284.3 million in fiscal fourth quarter aerial work platform sales, compared to $204 million in fiscal Q417, a 39.3-percent hike. Telehandler sales totaled $220.6 million for the quarter, compared to $186.4 million a year ago, an 18.3-percent rise.

For the full fiscal year, AWP revenues totaled $2.017 billion compared to $1.63 billion in the previous year, a 23.8-percent climb. Telehandlers totaled $948.9 million for the fiscal year compared to $661.8 million a year ago, a 43.4-percent jump.

Oshkosh Corp. as a whole recorded fourth quarter net income of $151.3 million or $2.05 per diluted share compared to $93.5 million or $1.23 per diluted share for the fiscal fourth quarter of 2017. The company posted net sales of $2.057 billion in the fiscal fourth quarter compared to $1.963 billion a year ago, a 4.7-percent increase. For the full year, Oshkosh Corp. reported $7.705 billion compared to $6.83 billion a year ago, a 12.8-percent jump.