JLG telehandler sales soar to record highs

Access and telehandler sales across North America helped boost JLG’s Q2 results to $1.41 billion, up 5.9% year-over-year for the three months ending June 30, parent company Oshkosh Corp. has announced. 

Telehandler sales soared for JLG during its second quarter results this year. (Photo: JLG)

JLG’s operating income in the second quarter increased 16.4%  to $246.5 million, or 17.5% of sales, compared to $211.7 million, or 15.9% of sales, in the second quarter of 2023. The increase was primarily due to higher sales volumes across North America, favorable price/cost dynamics and improved sales mix, offset in part by increased selling, general and administrative costs, the company said. 

Breaking down the sector, aerial sales for Q2 totaled $675.6 million, a 1.5% increase, while telehandler sales amounted to $428.6 million, which represents the strongest quarter of telehandler sales for JLG in recent history. 

Despite the growth and high demand, the company noted its Q2 orders were lower than expected, but attributed it to the “normalizing of market conditions.” The company added it expects Q3 access sales to be lower, but is forecasting “a significant increase in Q4.”

“As we look forward, we have a positive outlook for 2025,” said John Pfeifer, president and chief executive officer of Oshkosh. “Based on discussions with customers and our expectations for ongoing infrastructure investments, mega projects, industrial onshoring and current fleet age, we expect [JLG] sales in 2025 to be in the range of 2024 sales,” 

JLG also reported its backlog was down -25.2% to $3.3 billion when compared to the previous year.

The company is forecasting access revenues of $5.3 billion for 2024, a rise of 6.5% over 2023,

Oshkosh as a whole reported half-year total revenues of $5.39 billion, an increase of 15%.