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JLG Industries' sales of aerial platforms and telehandlers fell by 45.6% to US$200.4M for the final quarter of 2009, although the company benefited from an additional $527.6M in revenues for M-ATV military vehicles built for its parent company, Oshkosh Corp. Sales of new aerial platforms and telehandlers fell by 60%.

Including these military sales - JLG produced between 35 and 45% of all Oshkosh's M-ATVs in the period - the division made an operating profit of $13.5 million compared to a loss of $47.0 million for the same quarter in 2008. Oshkosh said sales of new access products actually fell by 60% in the final quarter of 2009 (which is the first quarter of the Oshkosh fiscal year).

The fall in aerial platform sales is dramatic given that the world economy had already entered the financial crisis before the final quarter of 2008. However, Oshkosh points out that JLG benefitted from a backlog of orders that was still being fulfilled at the end of 2008.

Read the full story at: khl.com

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