JLG Industries Inc.

JLG Second-Quarter Sales Increased 7.5%

Sales at JLG Industries increased 7.5 percent to $817.4 million for the second quarter of fiscal 2013 compared to the prior-year second quarter, its parent company, Oshkosh Corp., reported. The increase was principally the result of higher replacement demand for telehandlers in North America, the realization of previously announced price increases and higher aftermarket parts & service sales, offset in part by lower unit sales volume in Australia, due to a pause in purchases by a major customer and a slowdown in mining and energy activity.

In the second quarter of fiscal 2013, JLG operating income increased 38.9 percent to $95.0 million, or 11.6 percent of sales, compared to prior-year second quarter operating income of $68.4 million, or 9.0 percent of sales. The increase in operating income was primarily the result of the realization of previously announced price increases, higher telehandler unit sales volume and benefits from MOVE initiatives, offset in part by lower unit sales volume in Australia.

For more about JLG and Oshkosh financial performance...

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