28.07.2026

Better half for JLG

JLG’s parent company Oshkosh has reported its half year results, which show a strong sales pickup at its JLG/Access division.

Year to date results
The Access division, which is largely made up of JLG, Hinowa and Ausa, saw revenues for the six months to the end of June increase by almost five percent to $2.32 billion.

This is broken down as follows:

Aerial lifts - $1.166 billion + 7.1%
Telehandlers - $471.5 million (-17%)
Other - $679.6 million +21%
Total: $2.317 billion +4.7%

Operating profit for the division slumped 34.5 percent to $186.3 million, due to an “adverse sales mix, adverse price/cost dynamics, higher litigation reserves, higher selling, general and administrative expenses and higher new product development spending, offset in part by higher sales volume”

Backlog, Order book
The order book at the end of June was almost 65 percent higher than this time last year at $1.96 billion, but still well below the same quarter in 2024.

Second Quarter result
Revenues in the second quarter increased 9.3 percent to $1.37 billion, due to higher sales volume and improved pricing levels.

The results are broken down as follows:
Aerial lifts - $735.1million +15.3%
Telehandlers - $263.3 million (-19.%)
Other - $375.4 million +28%
Total: $1.37 billion +9.3%

Operating profit for the division declined 16.5 percent to $151.6 million, primarily due to the same reasons as for YTD results.

Oshkosh results

Oshkosh as a whole posted half year revenues of $5.23 billion, 3.75 percent up on this time last year, while pre-tax profit plummeted 35 percent to $274.4 million. Its second year of decline.

Oshkosh chief executive John Pfeifer said: “Our second quarter earnings per share reflects the dedication of our team members and the strength of our innovative, purpose built products. We are seeing strong demand for access equipment highlighted by robust orders of $1.5 billion.”

“Across the company, we believe our Innovate. Serve. Advance. strategy continues to strengthen our competitive position through investments in differentiated products, advanced technologies and manufacturing capabilities,”

Vertikal Comment

While these numbers are mixed, it is encouraging to see a solid pickup in sales and order intake, especially in the second quarter, although sad to see the collapse in telehandler sales. However, telehandlers usually yield lower margins than aerial lifts, while sales of parts, services and used equipment are usually much higher than both of them, so it is a little odd to see the operating profit decline as much as it has.

JLG, and similarly its arch rival Genie, appear to be regaining some of their mojo, having appeared to have lost some of it over the past year or two. Overall, the results are encouraging, it will be interesting to see how Genie fared when it reports tomorrow.