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April 2006 issue of
Rental Management
JLG reports positive financials
04/01/2006
JLG Industries, McConnellsburg, Pa., announced consolidated revenues of $494 million for its fiscal second quarter ending Jan. 29, 2006. Compared to the prior year period, revenue in the second fiscal quarter increased 40 percent led by a 43 percent increase in the United States and 31 percent internationally. The company reported net income of $27.4 million compared with net income of $7.5 million in the prior year. Operating income was $49.7 million, or 10.1 percent of revenues, versus $17.6 million, or 5 percent, for the same period last year. The year-on-year improvement in the operating margin represents an incremental margin of 23 percent on the change in sales.

The company expects higher productivity for the coming year. “The sale of the New Philadelphia plant, when netted against the announced reopening of our Bedford, Pa., and Orrville, Ohio, facilities, and combined with the capacity investments we are making for the Caterpillar alliance and additional JLG products, will enable us to support significantly higher volume in essentially the same manufacturing footprint beginning in the fourth quarter of this fiscal year,” said Bill Lasky, chairman of the board, president and CEO.







 

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