JLG Industries, the access equipment segment of Oshkosh Corp., posted $1.16 billion in fiscal third quarter 2018 compared to $980.2 million in the fiscal third quarter of 2017, an 18.4-percent year-over-year increase, with improved demand for both telehandlers and aerial work platforms, led by North American sales.
Access equipment segment operating income increased 14.7 percent to $149.3 million, or 12.9 percent of sales in the third quarter compared to $130.2 million or 13.3 percent of sales a year ago. The increase in operating income was primarily the result of the impact of higher sales volume and improved pricing, offset in part by challenges associated with the ramp up to higher production volumes, adverse customer and product mix, increased freight costs and impact from unfavorable foreign exchange results.
For the first nine months of the fiscal year, ended June 30, JLG posted $2,716.2 million compared to $2,192.6 million in the previous year’s nine months, a 23.9-percent jump.
Oshkosh Corp. as a whole reported fiscal third quarter revenues of $2,175.8 million compared to $2,036.9 million in the fiscal third quarter of 2017, a 6.8-percent increase.
