-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TtbnpTukKK80EuZA8/80nctcvGaQNMa/sRUge2saOdJ4g+OJ8kSGrsIiJXizIXMe 1C36cJxRyc/jjsWkWrPEng== 0000950152-03-004730.txt : 20030429 0000950152-03-004730.hdr.sgml : 20030429 20030429162521 ACCESSION NUMBER: 0000950152-03-004730 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030429 ITEM INFORMATION: Other events FILED AS OF DATE: 20030429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JLG INDUSTRIES INC CENTRAL INDEX KEY: 0000216275 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION MACHINERY & EQUIP [3531] IRS NUMBER: 251199382 STATE OF INCORPORATION: PA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12123 FILM NUMBER: 03669831 BUSINESS ADDRESS: STREET 1: 1 JLG DR CITY: MCCONNELLSBURG STATE: PA ZIP: 17233 BUSINESS PHONE: 7174855161 8-K 1 j0062501e8vk.txt JLG INDUSTRIES, INC. | FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) April 29, 2003 JLG INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Commission file number: 0-8454 PENNSYLVANIA 25-1199382 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1 JLG DRIVE, MCCONNELLSBURG, PA 17233-9533 (Address of principal executive offices) (Zip Code) Registrant's telephone number, ncluding area code: (7l7) 485-5161 Not Applicable (Former name or former address, if changed since last report) Item 5. Other Events On April 29, 2003, the Company issued the press release attached hereto as Exhibit 99.1. Exhibit 99.1 Text of the Company's press release dated April 29, 2003 updating our fiscal 2003 outlook. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. JLG INDUSTRIES, INC. (Registrant) Date: April 29, 2003 /s/ James H. Woodward, Jr. -------------------------------- James H. Woodward, Jr. Executive Vice President and Chief Financial Officer 2 EXHIBIT INDEX Exhibit No. Description 99.1 Text of the Company's press release dated April 29, 2003 updating our fiscal 2003 outlook. 3 EX-99.1 3 j0062501exv99w1.txt EX-99.1 PRESS RELEASE Exhibit 99.1 PRESS RELEASE JLG INDUSTRIES, INC. FOR IMMEDIATE RELEASE 1 JLG Drive Mcconnellsburg, PA 17233-9533 Telephone (717) 485-5161 Fax (717) 485-6417 www.jlg.com CONTACT: JUNA ROWLAND DIRECTOR - CORPORATE & INVESTOR RELATIONS (240) 313-1816, IR@JLG.COM JLG UPDATES FULL YEAR GUIDANCE REAFFIRMS CURRENT ECONOMIC CONDITIONS MCCONNELLSBURG, PA, APRIL 29, 2003 - JLG Industries, Inc. (NYSE: JLG) today updated the Company's previous full fiscal year guidance based on current economic conditions. Compared with previous guidance, full year sales are now expected to be consistent with year-ago levels and earnings are expected to be in the range of $.33 to $.37 per diluted share, including restructuring. Fiscal 2002 sales were $770 million with earnings per diluted share at $.30 before cumulative effect of change in accounting principle. "While it continues to appear that we are at the bottom of the cycle, forward visibility remains very difficult," said Bill Lasky, Chairman of the Board, President and Chief Executive Officer. "Although the contraction of non-residential construction, one of our leading indicators, appears to have bottomed out in 2002, it still remains sluggish in 2003 with a rebound anticipated in 2004. As a result, consistent with our February announcement, we are continuing to forecast modest improvement in profitability for fiscal 2003 compared to fiscal 2002. Our customers' ability to refresh their fleets continues to depend on recovery in non-residential construction, available financing and used equipment pricing. And, we will continue to take a disciplined approach to satisfy our customers' needs for equipment." JLG will release third quarter earnings results after close of the market on Tuesday, May 27 and will host a conference call on Wednesday, May 28th at 9:00 a.m. Eastern Time. JLG Industries, Inc. is the world's leading producer of mobile aerial work platforms and a leading producer of telehandlers and telescopic hydraulic excavators marketed under the JLG(R) and Gradall(R) trademarks. Sales are made principally to rental companies and distributors that rent and sell the Company's products to a diverse customer base, which include users in the industrial, commercial, institutional and construction markets. JLG's manufacturing facilities are located in the United States and Belgium, with sales and service locations on six continents. (more) This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance, and involve a number of risks and uncertainties that could cause actual results to differ materially from those indicated by the forward-looking statements. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to, the following: (i) general economic and market conditions, including political and economic uncertainty in areas of the world where we do business; (ii) varying and seasonal levels of demand for our products and services; and (iii) customer financing risks; as well as other risks as detailed in the Company's SEC reports, including the report on Form 10-Q for the quarter ended January 31, 2003. For more information, visit www.jlg.com Note: Information contained on our website is not incorporated by reference into this release. # # # -----END PRIVACY-ENHANCED MESSAGE-----