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Access equipment boosts Oshkosh results

Friday, 3 May 2019 ( #922 ) - Oshkosh, WI, United States
News Story
A JLG parts centre
Oshkosh Corporation has reported a 5.5% increase in net sales for the second quarter of fiscal 2019. Consolidated net sales reached USD1.99 billion due to higher access equipment, defence and fire & emergency segment sales.

"We are pleased to report another quarter of strong performance highlighted by growth in revenue, operating income and earnings per share," says Wilson R. Jones, president and chief executive officer of Oshkosh Corporation. "We delivered increased sales in three of our four segments.

"This quarter truly exemplifies why we are a different integrated global industrial. Our diverse end-market exposure coupled with our integrated operations and supply chain allowed us to overcome a number of challenges, including a significant weather-related disruption in our commercial segment, to deliver higher consolidated year-over-year sales and earnings."

Net sales for the access equipment segment increased 6.4% to USD987.6 million. The increase in sales was due to increased sales volume and higher pricing in response to higher material costs.

Sales grew in all regions in the second quarter of fiscal 2019, led by the Pacific Rim.

On the back of the current results, the company is raising its fiscal 2019 full year outlook. The company now expects consolidated sales to be between USD8.20 billion to USD8.30 billion.

Oshkosh is a leader in designing, manufacturing and servicing a broad range of access equipment, commercial, fire & emergency, military and specialty vehicles and vehicle bodies under the brands of Oshkosh, JLG, Pierce, McNeilus, Jerr-Dan, Frontline, CON-E-CO, London and IMT.
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