JLG sales up 40% in Q3
By Maria Hadlow26 July 2012
Oshkosh has announced that sales in its Access Platform segment in its third quarter - ending 30 June 2012 - have increased 40.4% (to $814.6 million) compared to the same period in 2011. Oshkosh, the parent company of JLG, is attributing growth to higher unit sales and previously announced price increases.
Oshkosh said, "Sales grew by double-digit percentages compared to the prior year quarter in all major regions of the globe, with the largest increase in North America driven largely by replacement of aged equipment.
Profit for the access equipment segment nearly tripled to $88.2 million, or 10.8 percent of sales in Q3 compared to the previous year, "The increase in operating results reflected higher volume, the realisation of previously announced price increases and manufacturing efficiencies, offset in part by higher material costs," the company said.
The access equipment segment - JLG - constitutes the sales of access platforms, telehandlers and some other activities. In the last quarter sales of access platforms alone was $426.1 million compared to $294.4 million in 2011 - an increase of 45%. Access platform sales figures for the first nine months of Oshkosh's financial year were $1059.8 million ($2078.4 for the whole segment) compared to $636 million ($1324.5 million) in 2011 - a 66% increase (57%).
Backlog value for the Access Platform segment stood at $729.7 on 30 June 2012 compared to $613.6 on 30 June 2011 - an increase of 19%.
The Access Platform segment - JLG - currently represents 33% of Oshkosh's turnover for this financial year.