Housco Group announced 2023 financial results, sales of aerial work equipment hit a record high

The parent company of JLG, the Housco Group (NYSE: OSK), a leading innovator in specialty vehicles and equipment, announced its 2023 financial results, with strong full-year results and strong demand!

In 2023, the group achieved sales of nearly $9.66 billion ($8.28 billion in the previous year) and a net profit of $598 million.

The increase in profit was due to global price increases/cost improvements, volume growth, product mix optimization and other factors.

John Pfeifer, President and CEO, said: "The strong performance in the fourth quarter caps a successful year for the Group and lays a solid foundation for sustainable growth in the future.

By the end of 2023, the Group's order backlog reached a record $16.8 billion (with the Aerial Work Equipment Division in particular making a significant contribution), creating a bright future for the company.

The group expects its 2024 sales to exceed $10 billion, reaching approximately $10.4 billion

Houshike aerial work equipment Division delivered an excellent performance table in 2023; Sales of $4.99 billion, an increase of 25.6%.

As of the end of 2023, the outstanding orders of the aerial work Equipment Division reached $4.528 billion.