McCONNELLSBURG, Pa. - JLG Industries Inc. posted record sales of $425 million in the fourth quarter that ended July 31, an 82 percent increase over sales of $234 million in the fourth quarter of 2003, according to its annual financial report issued Thursday.
Even without factoring in the impact of sales from OmniQuip, a telehandler manufacturer JLG acquired last year, fourth-quarter revenues were $345 million, according to the report.
The SkyTrak and Lull product lines and military products that came with the OmniQuip acquisition generated $250 million in sales for 2004, a 17 percent increase. JLG aerial work platform products increased 31 percent to $552 million, and other JLG and Gradall products generated sales of $149 million, up 26 percent, the report states.
Sales for the entire year were $1.2 billion, up 59 percent from 2003, when revenues were $751 million, the report states. North American sales were up 51 percent for the year and international sales, mostly in the European market, increased 38 percent, according to the report.