Generac Holdings; H&E Equipment Services; Nesco Holdings; Oshkosh Corp.; Wacker Neuson

Generac Holdings, Waukesha, Wis., reported net sales of $546.8 million during the 2020 second quarter, compared to $541.9 million in the 2019 second quarter. Net sales during the first six months were $1.023 billion, up from $1.012 billion during the same time last year. The company is increasing its full-year 2020 sales growth guidance to now be approximately 5 to 8 percent of positive year-over-year growth, which is an increase from the 5 to 10 percent decline previously expected.

H&E Equipment Services, Baton Rouge, La., earned $278.3 million in revenue during the 2020 second quarter, down 16.6 percent compared to $333.6 million in the 2019 second quarter. Total equipment rental revenues for the 2020 second quarter were $155.8 million, a decrease of 19 percent, compared to $192.3 million a year ago. Revenue for the first six months of 2020 was $564.3 million compared to $647.2 million during the same time last year. Rental revenue for the first six months of 2020 was $330.3 million down from $368.4 million in 2019.

Nesco Holdings, Fort Wayne, Ind., reported a 9 percent increase total revenue in the 2020 second quarter of $68.5 million, which was negatively impacted due to pandemic-related project delays, but more than offset by the acquisition of Truck Utilities. Rental revenue for the second quarter was $47 million, compared to $48.1 million the year before. Total revenue for the first six months of the year was $150.2 million, compared to $124.3 million in 2019. Rental revenue was $98 million compared to $93.7 million during the same time last year.

Oshkosh Corp., Oshkosh, Wis., earned $80.2 million in net income during the 2020 fiscal third quarter, compared to $191.9 million in the third quarter of fiscal 2019. Oshkosh Corp. is the parent company of JLG Industries, McConnellsburg, Pa. The access equipment segment net sales in the third quarter of fiscal 2020 decreased 60.9 percent to $488.0 million. The decrease in sales was due to lower market demand resulting from the global economic downturn as a result of COVID-19.

Wacker Neuson Group, Munich, reported €385.9 million (US$454.3 million) in revenue during the 2020 second quarter, down 25.4 percent compared to €517.2 million (US$609.1 million) in the 2019 second quarter. The company reported revenue of €796.7 million (US$938.2 million) for the first half of 2020, down 16.4 percent compared to €952.6 million (US$1.1 billion) in the 2019 first half.