JLG Sales Up 30.4%; Profits Hit

January 31, 2011

JLG Industries' aerial platform and telehandler sales rose 30.4 percent to $290.6 million for the final three months of 2010 but the division reported an operating loss of $16.7 million because of a big reduction in inter-company defense sales and charges on new cost reduction actions in Europe.

In the same quarter in 2009, JLG made a $13.3 million operating profit. Oshkosh said the fall in profitability was the result of greatly reduced sales of higher margin military equipment to its sister Oshkosh defense business - down from $530.8 million to $36.7 million.