Gehl Co. Releases First Quarter Financials

Gehl Co., West Bend, Wis., has reported record first quarter income from continuing operations of $6.5 million, or $0.52 per diluted share, for the quarter ending March 31, 2007, compared with an income of $6.4 million from the same time period last year.

Net sales for the first quarter of 2007 were $115.2 million, compared to net sales of $122.1 million in the first quarter of 2006. The company credits the strength of its international markets along with continued market share gains for its first quarter numbers.

“We are off to a great start in 2007,” says William D. Gehl, chairman and CEO. “We achieved record earnings, improved gross margin 90 basis points, increased our telehandler market share and generated strong international revenues led by a 45 percent sales increase in our Gehl Europe subsidiary, all of which reflect solid execution of our strategy.”

Based on the first quarter results, the company has raised its 2007 full year outlook. Gehl Co. now expects its net sales from continuing operations to be in the range of $475 million to $500 million.

More information is available at www.gehl.com.