McConnellsburg, Pa. (PRWEB) February 14, 2018
JLG Industries, Inc., an Oshkosh Corporation company [NYSE:OSK] and a leading global manufacturer of aerial work platforms and telehandlers, is a 2018 winner in EquipmentWatch’s annual Highest Retained Value Awards program, the industry’s only award program based on residual values for heavy equipment.
“This is the second consecutive year JLG® engine-powered scissor lifts have received this honor, which makes this year’s win that much more exciting,” said Rafael Nuñez, scissor lift product manager at JLG Industries, Inc. “Residual value plays a significant role in buying decisions, as it impacts both leasing terms and lifetime ownership costs. The Highest Retained Value Award recognizes the ongoing efforts at JLG to deliver equipment that provides excellent value over its life cycle – value that is enhanced by our attention to maintenance, service, parts, training, machine reliability, and machine versatility.”
JLG engine-powered scissor lifts provide a larger work area and, in many instances, higher load capacities than boom lifts, making them ideal for applications requiring more workspace and more lifting capacity. The scissor lifts deliver exceptional terrainability and gradeability, making them easier to maneuver around the roughest job sites. The list of JLG engine-powered scissor lifts includes the 260MRT and LRT Series (330LRT, 430LRT, and 530LRT).
“Retained value is one of the primary indicators of overall performance and reliability for any piece of heavy equipment,” says Garrett Schemmel, vice president of EquipmentWatch. “We are proud to announce our 2018 winners. Models such as JLG engine powered scissor lifts that have received our Highest Retained Value Award should inspire buyer confidence in both new and resale equipment markets.”
To determine the nominees for the 2018 Highest Retained Value Awards, EquipmentWatch analysts considered more than 12,000 models with up to 20 model years of values. To learn more about the winning models and program methodology, visit http://www.equipmentwatch.com/residual-value-awards.
For more information about JLG engine-powered scissor lifts, please visit http://www.jlg.com/en/equipment/scissor-lifts/engine-powered-rough-terrain. For more information about JLG, visit the website at http://www.jlg.com.
About JLG Industries, Inc.
JLG Industries, Inc. is a world-leading designer, manufacturer and marketer of access equipment. The Company’s diverse product portfolio includes leading brands such as JLG® aerial work platforms; JLG and SkyTrak® telehandlers; and an array of complementary accessories that increase the versatility and efficiency of these products. JLG is an Oshkosh Corporation company [NYSE: OSK]. For more information about JLG Industries, Inc., visit http://www.jlg.com, or find us on Twitter, Facebook, LinkedIn, Instagram and YouTube.
About Oshkosh Corporation
Founded in 1917, Oshkosh Corporation is 100 years strong and continues to make a difference in people’s lives. Oshkosh brings together a unique set of integrated capabilities and diverse end markets that, when combined with the Company’s MOVE strategy and positive long-term outlook, illustrate why Oshkosh is a different integrated global industrial. The Company is a leader in designing, manufacturing and servicing a broad range of access equipment, commercial, fire & emergency, military and specialty vehicles and vehicle bodies under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Jerr-Dan®, Frontline™, CON-E-CO®, London® and IMT®.
Today, Oshkosh Corporation is a Fortune 500 Company with manufacturing operations on four continents. Its products are recognized around the world for quality, durability and innovation, and can be found in more than 150 countries around the globe. As a different integrated global industrial, Oshkosh is committed to making a difference for team members, customers, shareholders, communities and the environment. For more information, please visit http://www.oshkoshcorporation.com.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
Forward Looking Statements
This news release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, which are particularly impacted by the strength of U.S. and European economies and construction seasons; the Company’s estimates of access equipment demand which, among other factors, is influenced by customer historical buying patterns and rental company fleet replacement strategies; the strength of the U.S. dollar and its impact on Company exports, translation of foreign sales and purchased materials; the expected level and timing of U.S. Department of Defense (DoD) and international defense customer procurement of products and services and acceptance of and funding or payments for such products and services; higher material costs resulting from production variability due to uncertainty of timing of funding or payments from international defense customers; risks related to reductions in government expenditures in light of U.S. defense budget pressures, sequestration and an uncertain DoD tactical wheeled vehicle strategy; the impact of any DoD solicitation for competition for future contracts to produce military vehicles, including a future Family of Medium Tactical Vehicle production contract; the Company’s ability to increase prices to raise margins or offset higher input costs; increasing commodity and other raw material costs, particularly in a sustained economic recovery; risks related to facilities expansion, consolidation and alignment, including the amounts of related costs and charges and that anticipated cost savings may not be achieved; global economic uncertainty, which could lead to additional impairment charges related to many of the Company’s intangible assets and/or a slower recovery in the Company’s cyclical businesses than Company or equity market expectations; projected adoption rates of work at height machinery in emerging markets; the impact of severe weather or natural disasters that may affect the Company, its suppliers or its customers; risks related to the collectability of receivables, particularly for those businesses with exposure to construction markets; the cost of any warranty campaigns related to the Company’s products; risks related to production or shipment delays arising from quality or production issues, including any delays as a result of a recent accident at the Company’s Dodge Center manufacturing facility; risks associated with international operations and sales, including compliance with the Foreign Corrupt Practices Act; the Company’s ability to comply with complex laws and regulations applicable to U.S. government contractors; cybersecurity risks and costs of defending against, mitigating and responding to a data security breach; and risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.
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