SECURITIES AND EXCHANGE COMMISSION
                            Washington, D. C.  20549

                                   FORM 10-Q

[X]   QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE 
                SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended April 3, 1999

                                       OR

[ ]   TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE
               SECURITIES EXCHANGE ACT OF 1934

For the transition period from.............. to ...................

                         Commission file number  0-18110

                              GEHL COMPANY                       
             (Exact name of registrant as specified in its charter)

         Wisconsin                                      39-0300430    
(State or other jurisdiction of                     (I.R.S. Employer
incorporation or organization)              Identification No.)

         143 Water Street, West Bend, WI                  53095    
       (Address of principal executive office)          (Zip code) 

                     (414) 334-9461                         
            (Registrant's telephone number, including area code) 

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.

                    Yes   X        No     


Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

          Class                                   Outstanding at April 3, 1999

Common Stock, $.10 Par Value                                    6,468,411
  

<PAGE>

                                  GEHL COMPANY

                                   FORM 10-Q 

                                  April 3, 1999

                                  REPORT INDEX


                                                       Page No.

PART I. - FINANCIAL INFORMATION:

  Item 1.  Financial Statements
     Condensed Consolidated Statements of Income for the 
       Three-Month Periods Ended April 3, 1999 and
       March 28, 1998 . . . . . . . . . . . . . .                       3
 
     Condensed Consolidated Balance Sheets at April 3, 1999, 
       December 31, 1998, and March 28, 1998  . .                       4    

     Condensed Consolidated Statements of Cash Flows for the
       Three-Month Periods Ended April 3, 1999 and 
       March 28, 1998 . . . . . . . . . . . . . .                       5 

     Notes to Condensed Consolidated Financial Statements               6 

  Item 2.  Management's Discussion and Analysis of Results of
         Operations and Financial Condition . . .                       8 

  Item 3.  Quantitative and Qualitative Disclosures about Market Risk  11

PART II. - OTHER INFORMATION:       

  Item 6.  Exhibits and Reports on Form 8-K . . .                      11      

SIGNATURES  . . . . . . . . . . . . . . . . . . .                      12 

 


<PAGE>
                         PART I - FINANCIAL INFORMATION
                         Item 1.  Financial Statements
<TABLE>
                         GEHL COMPANY AND SUBSIDIARIES
                  CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                (in thousands, except per share data; unaudited)

<CAPTION>                                                             
                                                  Three Months Ended
                                               April 3,        March 28,   
                                                 1999            1998   
<S>                                           <C>               <C>        
NET SALES                                     $ 68,963          $ 61,288  
  Cost of goods sold                            50,187            45,437  
                                              --------          --------
GROSS PROFIT                                    18,776            15,851  
  Selling, general and 
   administrative expenses                      12,539            10,873  
                                              --------          --------
INCOME FROM OPERATIONS                           6,237             4,978  

  Interest expense                                (777)           (1,176)
  Interest income                                  413               346  
  Other expense, net                              (440)              (18)
                                              --------          --------
INCOME BEFORE INCOME TAXES                       5,433             4,130  
  Income tax provision                           1,929             1,466 
                                              --------          --------
NET INCOME                                   $   3,504          $  2,664  
                                              ========          ========
EARNINGS PER SHARE

  Diluted                                    $     .52          $    .40  

  Basic                                      $     .54          $    .42 
</TABLE>

    The accompanying notes are an integral part of the financial statements.

<PAGE>
<TABLE>
                         GEHL COMPANY AND SUBSIDIARIES
                     CONDENSED CONSOLIDATED BALANCE SHEETS
                       (in thousands, except share data)
<CAPTION>
                                      April 3,     December 31,   March 28,
                                        1999          1998           1998 
                                    -----------   -------------   ---------
 ASSETS                             (Unaudited)                  (Unaudited)
  <S>                               <C>           <C>            <C>
  Cash                              $    3,688    $       887    $   3,049  
  Accounts receivable-net               78,575         70,806       86,602  
  Finance contracts receivable-net       9,709          9,786        9,670  
  Inventories                           36,015         32,093       32,793  
  Deferred tax assets                    7,138          7,138        4,217  
  Other current assets                   1,324          1,184        1,584  
                                    ----------    -----------    ---------
   Total Current Assets                136,449        121,894      137,915  

  Property, plant and equipment- 
   net                                  33,910         34,142       34,941  
  Finance contracts receivable-           
   net, non-current                      5,805          5,804        3,531
  Intangible assets                     16,267         16,451       14,650  
  Other assets                           6,998          6,256        5,546  
                                    ----------     ----------     --------
 TOTAL ASSETS                       $   199,429     $ 184,547   $  196,583

 LIABILITIES AND SHAREHOLDERS'
 EQUITY
  Current portion of long-term             
   debt obligations                 $       562     $     597   $      689 
  Accounts payable                       26,447        23,562       26,555  
  Accrued liabilities                    30,499        27,993       23,695  
                                    -----------     ---------   ----------
   Total Current Liabilities             57,508        52,152       50,939  

  Line of credit facility                25,329        19,359       49,252  
  Long-term debt obligations              9,445         9,588        9,515  
  Other long-term liabilities             5,372         5,400        1,929  
  Deferred income taxes                   3,943         3,943        3,421  
                                    -----------     ---------   ----------
   Total Long-Term Liabilities           44,089        38,290       64,117  
                                    -----------     ---------   ----------
  Common stock, $.10 par value,
   25,000,000 shares authorized,
   6,468,411, 6,438,945 and 
   6,392,929 shares outstanding,
   respectively                             647           644          640  
  Preferred stock, $.10 par value,
   2,000,000 shares authorized,
   250,000 shares designated as
   Series A Preferred 
   Stock, no shares issued                    -             -            -  
  Capital in excess of par               28,550        28,330       27,590  
  Retained earnings                      69,787        66,283       53,679  
  Accumulated other comprehensive
   loss                                  (1,152)       (1,152)        (382) 
                                    -----------     ---------     --------
  Total Shareholders' Equity             97,832        94,105       81,527  
                                    -----------     ---------     --------
 TOTAL LIABILITIES AND              
  SHAREHOLDERS' EQUITY              $   199,429     $ 184,547     $196,583  
                                    ===========     =========     ========
</TABLE>
    The accompanying notes are an integral part of the financial statements.

<PAGE>
<TABLE>
                         GEHL COMPANY AND SUBSIDIARIES
                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 
                           (in thousands; unaudited)


                                                         Three Months Ended

                                                       April 3,    March 28,
                                                         1999        1998     

CASH FLOWS FROM OPERATING ACTIVITIES:
 <S>                                                 <C>          <C>
 Net Income                                          $    3,504   $   2,664 

 Adjustments to reconcile net income to
  net cash (used for) provided by operating                                 
  activities:
 Depreciation                                             1,075       1,054  
 Amortization                                               199         178  
 Proceeds from sales of finance contracts                14,880       5,745  
 Increase in finance contracts receivable               (15,310)     (7,784)
 Cost of sales of finance contracts                         506          79 
 Net changes in remaining working capital items          (6,440)    (10,210)
                                                     ----------    -------- 
  Net cash used for operating activities                 (1,586)     (8,274)

CASH FLOWS FROM INVESTING ACTIVITIES:
 Property, plant and equipment additions, net              (843)       (918)
 Other assets                                              (757)       (100)
                                                     ----------    --------
  Net cash used for investing activities                 (1,600)     (1,018)
                                                     ----------    --------
CASH FLOWS FROM FINANCING ACTIVITIES:
 Proceeds from line of credit facility                    5,970       9,895  
 Proceeds from issuance of common stock                     223       1,290  
 Other                                                     (206)        (83)
                                                     ----------    --------
  Net cash provided by financing activities               5,987      11,102  
                                                     ----------    --------
 Net increase in cash                                     2,801       1,810  
 Cash, beginning of period                                  887       1,239  
                                                     ----------    --------
 Cash, end of period                                 $    3,688    $  3,049  
                                                     ==========    ========
Supplemental disclosure of cash flow
 information: 
 Cash paid for the following:
 Interest                                            $      703    $  1,057
 Income Taxes                                        $      796    $     65  
</TABLE>

    The accompanying notes are an integral part of the financial statements.
<PAGE>

                         GEHL COMPANY AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                 April 3, 1999
                                  (Unaudited)

NOTE 1 - BASIS OF PRESENTATION

     The condensed consolidated financial statements included herein have been
prepared by the Company, without audit, pursuant to the rules and regulations
of the Securities and Exchange Commission.  Certain information and footnote
disclosures normally included in financial statements prepared in accordance
with generally accepted accounting principles have been condensed or omitted
pursuant to such rules and regulations, although management believes that the
disclosures are adequate to make the information presented not misleading.

     In the opinion of management, the information furnished for the three-
month periods ended April 3, 1999 and March 28, 1998 includes all adjustments,
consisting only of normal recurring accruals, necessary for a fair
presentation of the results of operations and financial position of the
Company.  Due in part to the seasonal nature of the Company's business, the
results of operations for the three months ended April 3, 1999 are not
necessarily indicative of the results to be expected for the entire year.

     It is suggested that these interim financial statements be read in
conjunction with the financial statements and notes thereto included in the
Company's Annual Report on Form 10-K for the year ended December 31, 1998 as
filed with the Securities and Exchange Commission.

NOTE 2 - INCOME TAXES

     The income tax provision is determined by applying an estimated annual
effective income tax rate to income before income taxes.  The estimated annual
effective income tax rate is based on the most recent annualized forecast of
pretax income, permanent book/tax differences, and tax credits.

NOTE 3 - INVENTORIES

     If all of the Company's inventories had been valued on a current cost
basis, which approximated FIFO value, estimated inventories by major
classification would have been as follows (in thousands):

                               April 3,       December       March 28,
                                 1999            31,           1998
                                                1998
 Raw materials and supplies    $16,390        $15,656        $15,934  
 Work in process                 6,637          5,863          5,768  
 Finished machines and parts    32,384         29,970         30,341   
                               -------        -------        -------
 Total current cost value       55,411         51,489         52,043  
 Adjustment to LIFO basis      (19,396)       (19,396)       (19,250)
                               -------        -------        -------
                               $36,015        $32,093        $32,793  
                               =======        =======        =======

NOTE 4 - ACCOUNTING PRONOUNCEMENTS 

     The Financial Accounting Standards Board (FASB) has issued Statement of
Financial Accounting Standards (SFAS) No. 133, "Accounting for Derivative
Investments and Hedging Activities" which is effective for fiscal quarters of
fiscal years beginning after June 15, 1999.  Due to the Company's current
limited use of derivative instruments, the adoption of this statement is not
expected to materially affect the Company s financial condition or results of
operations.

NOTE 5 - EARNINGS PER SHARE

     Basic net income per common share is computed by dividing net income by
the weighted average number of common shares outstanding for the period. 
Diluted net income per common share is computed by dividing net income by the
weighted average number of common shares, and if applicable, common stock
equivalents which would arise from the exercise of stock options and warrants.

A reconciliation of the shares used in the computation of earnings per share
follows (in thousands):

                                      April 3,         March 28,
                                        1999              1998
                                      -------          ---------
 Basic shares                           6,456             6,274
 Effect of warrants and options           233               393
                                        -----            ------
 Diluted shares                         6,689             6,667
                                        =====            ======

NOTE 6   BUSINESS SEGMENTS

     The Company operates in two business segments:  Construction equipment
and Agricultural equipment.  The long-term financial performance of the
Company's reportable segments are affected by separate economic conditions and
cycles.  The segments are managed separately based on the fundamental
differences in their operations.  Effective December 31, 1998, the Company
adopted SFAS No. 131, "Disclosures about Segments of an Enterprise and Related
Information."  The Statement requires the Company to disclose selected segment
information on an interim basis; this information is set forth below (in
thousands):

                         April 3, 1999     March 28, 1998
                         -------------     --------------
 Net Sales:
   Construction               $40,246           $34,054
   Agricultural                28,717            27,234 
                             --------           -------
    Consolidated              $68,963           $61,288
                              =======           =======
 Income from               
 Operations:
   Construction               $ 4,794           $ 3,240
   Agricultural                 1,443             1,738
                              -------           -------
      Consolidated            $ 6,237           $ 4,978 
                              =======           =======
NOTE 7   STOCK REPURCHASE

     In March 1999, the Company's Board of Directors authorized the repurchase
of up to 325,000 shares of the Company's outstanding common stock.  As of
April 3, 1999, no shares had been repurchased under this authorization.

Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND
FINANCIAL CONDITION

Results of Operations

Three Months Ended April 3, 1999 Compared to Three Months Ended March 28, 1998

     Net sales for the first quarter of 1999 of $69.0 million were $7.7
million, or 13%, higher than the $61.3 million in the comparable period of
1998.  Construction equipment net sales increased 18% to $40.3 million in the
first quarter of 1999 from $34.1 million in the first quarter of 1998.  The
increase in sales of construction equipment was due primarily to higher
telescopic handler and service parts shipments.  Agricultural equipment sales
increased 5% to $28.7 million in the first quarter of 1999 from $27.2 million
in the first quarter of 1998.  The increase was due primarily to increased
shipments of skid loaders and forage harvesting equipment.  Of the Company's
total net sales reported for the first quarter of 1999, $8.6 million were made
outside of the United States compared with $9.7 million in the comparable
period of 1998.  The decrease was due to economic disruption in the Far East
and Australia.  As the Company has continued to increase its sales of
Construction equipment products, the Company has been successful in reducing
the seasonality of its sales.  However, some seasonality still remains,
primarily in the Company s second quarter which historically has tended to be
its strongest quarter for sales, while sales levels have historically tended
to be lower in the first and fourth quarters.

     Gross profit increased $2.9 million, or 18%, during the first quarter of
1999 versus the comparable period of 1998, due to increased sales volume and
improved gross margin percentages.  Gross profit as a percent of net sales
increased to 27.2% for the first quarter of 1999 from 25.9% in the comparable
period of 1998.  Gross profit as a percent of net sales for Construction
equipment increased to 26.6% in the first quarter of 1999 from 24.4% in the
first quarter of 1998. The increase in Construction equipment gross margin was
a function of increased telescopic handler and service parts sales, which sales
are at higher gross margins than other Construction equipment, and improved
efficiencies at the manufacturing plants.  Gross profit as a percent of net
sales for Agricultural equipment increased to 28.0% in the first quarter of
1999 from 27.7% for the first quarter of 1998.  

     Selling, general and administrative expenses increased $1.7 million, or 
15%, during the first quarter of 1999 versus the comparable period of 1998
due primarily to sales volume increases.  As a percent of net sales, selling,
general and administrative expenses increased to 18.2% of net sales during the
first quarter of 1999 versus 17.7% in the comparable period of 1998.

     Income from operations in the first quarter of 1999 was $6.2 million, 25%
higher than the $5.0 million for the first quarter of 1998.

     Interest expense decreased $399,000, to $777,000 in the first quarter of
1999 from $1,176,000 in the first quarter of 1998.  The decrease was a result
of a decrease in average debt outstanding to $35.2 million in the first
quarter of 1999 versus $56.1 million in the first quarter of 1998.  The
average rate of interest paid by the Company decreased to 7.7% in the first
quarter of 1999 from 8.1% for the first quarter of 1998.  

     Other expense increased $422,000, to $440,000 in the first quarter of
1999 from $18,000 in the first quarter of 1998.  This was caused by selling $9
million more retail finance contracts to third parties in the first quarter of
1999 versus the comparable period of 1998 resulting in an increase in the cost
of sales of finance contracts.

     First quarter 1999 net income of $3.5 million was a 32% increase from
$2.7 million in the first quarter of 1998.  Diluted earnings were $.52 per
share for the first quarter of 1999 versus $.40 per share in 1998.

Financial Condition

     The Company's working capital was $78.9 million at April 3, 1999, as
compared to $69.7 million at December 31, 1998, and $87.0 million at March 28,
1998.  The increase since December 31, 1998 resulted primarily from seasonal
increases in accounts receivable.  The working capital decrease from March 28,
1998 was due primarily to decreases in accounts receivable.

     Capital expenditures for property, plant and equipment during the first
quarter of 1999 were approximately $843,000.  The Company plans to make a
total of approximately $10.6 million of capital expenditures in 1999, which
includes $4.5 million related to plant expansion activities at the two South
Dakota construction equipment manufacturing facilities. The capital
expenditures are expected to be funded with proceeds borrowed under the
Company's existing revolving credit agreement.  Outstanding commitments as of
April 3, 1999 totaled approximately $220,000.

     As of April 3, 1999, the weighted average interest rate paid by the
Company on outstanding borrowings under its line of credit facility was 7.0%. 
The Company had available unused borrowing capacity of $47.9 million, $53.1
million and $24.1 million under the line of credit facility at April 3, 1999,
December 31, 1998, and March 28, 1998, respectively.  At April 3, 1999,
December 31, 1998, and March 28, 1998, the borrowings outstanding under the
line of credit facility were $25.3 million, $19.4 million and $49.3 million,
respectively.

     The sale of finance contracts is an important component of the Company's 
overall liquidity.  The Company has arrangements with several financial
institutions and financial service companies to sell, with recourse, its
finance contracts receivable.  The Company continues to service substantially
all contracts whether or not sold. At April 3, 1999, the Company serviced
$88.0 million of such contracts, of which $72.5 million were owned by other
parties.  The Company believes that it has sufficient capacity to sell its
retail finance contracts for the foreseeable future.

     Shareholders' equity at April 3, 1999 was $97.8 million.  This was $16.3
million higher than the $81.5 million of shareholders' equity at March 28,
1998, due primarily to income earned from March 29, 1998 through April 3,
1999.

     In March 1999, the Company's Board of Directors authorized the repurchase
of up to 325,000 shares of the Company's outstanding common stock.  As of
April 3, 1999, no shares had been repurchased under this authorization.  The
repurchase of the Company's common stock, if any, is expected to be funded
with proceeds borrowed under the Company's existing revolving credit
arrangement.

Accounting Pronouncements

     The Financial Accounting Standards Board (FASB) has issued Statement of
Financial Accounting Standards (SFAS) No. 133, "Accounting for Derivative
Investments and Hedging Activities" which is effective for fiscal quarters of
fiscal years beginning after June 15, 1999.  Due to the Company s current
limited use of derivative instruments, the adoption of this statement is not
expected to materially affect the Company's financial condition or results of
operations.

Year 2000

     The Year 2000 issue refers to computer systems which use two digits
rather than four to define a given year and which therefore might read a date
using "00" as the year 1900 rather than the Year 2000.  As the Year 2000
approaches, such systems may be unable to process certain date-based
information.  This could result in system failure or miscalculations causing
disruptions of operations and the potential inability to engage in
normal business activities.

     In 1995, a Company-wide program was initiated to prepare its Information
Technology (IT) systems and applications for the Year 2000. The initial focus
of the Company's program contained the following steps: assessment of the
relevant issues; planning the conversion; implementing the conversion; and
testing.  Those systems determined to be at risk were prioritized and plans
were put in place to upgrade systems by remediation, replacement or
outsourcing. Through March 1999, the assessment and planning phases have been
completed for all IT systems and applications.  The Company's objective is to
become Year 2000 compliant with its mission critical IT activities and systems
by mid-1999, allowing substantial time for further testing, verification and
the final completion of less important systems in the second half of 1999.  

     In addition to the IT systems review noted above, the Company has
initiated processes to review and to modify, where appropriate, other areas 
impacted by Year 2000.  These areas include, but are not limited to, personal
computer hardware and software, remote location access to IT systems, facility
management and certain non-IT issues, such as the extent to which embedded
chips are used in machinery and equipment used in operations.  The Company has
completed assessments in all of the above areas and testing in all of these
areas, except the testing of personal computer hardware and software, which is
expected to be completed by the second quarter of 1999.  

     The Company is in the process of communicating with its significant
vendors to determine the extent to which the Company is vulnerable to those
third parties  failure to remediate their own Year 2000 compliance issues. The
Company cannot guarantee that the failure of another company to be Year 2000
compliant will not have an adverse effect on the Company.  

     The Company believes that it has no exposure to contingencies related to
the Year 2000 issue for products it has sold.  The Company has evaluated its
major customers and believes that the failure of these entities to adequately
prepare for Year 2000 issues will not have a material adverse effect on the
Company.

     The Company expects to incur consulting and other expenses related to its
Year 2000 program. The cost of testing and the conversion of existing and
replacement system applications are not expected to exceed $400,000,  the
majority of which expense has already been incurred.  These costs have been
and will continue to be treated as period costs and expensed as incurred.

     Based upon the progress to date, the Company does not believe that either
future costs of modifications or the consequences of any unsuccessful
modifications being implemented by the Company will have a material adverse
effect on its financial position or results of operations.  Nevertheless,
since it is not possible to anticipate all possible future situations,
especially when third parties are involved, the Company believes that the most
reasonably likely worst case Year 2000 scenario could result in circumstances
in which the Company may be unable to take customer orders, manufacture and
ship products, invoice customers or collect payments. The Company continues to
evaluate whether a contingency plan to deal with any expected Year 2000
related failures is warranted.  

     No assurances can be given that Year 2000 compliance failures, if any,
particularly as they relate to third parties, will not have a material adverse
effect on the Company's financial position or results of operations.

Forward Looking Statements

     Certain matters discussed in the Quarterly Report on Form 10-Q are
"forward-looking statements" intended to qualify for the safe harbor from
liability established by the Private Securities Litigation Reform Act of 1995. 
These forward-looking statements can generally be identified as such because
the context of statement will include such words as the Company "believes,"
"anticipates" or "expects," or words of similar import.  Similarly, statements
that describe the Company's future plans, objectives or goals are also
forward-looking statements.  The forward-looking statements are subject to
certain risks and uncertainties which could cause actual results to differ
materially from those currently anticipated.  Such risks and uncertainties 
include competitive conditions in the markets served by the Company, changes
in the Company's plans regarding capital expenditures, general economic
conditions, unanticipated events related to resolving Year 2000
issues, market acceptance of existing and new products manufactured by the
Company, changes in the cost of raw materials and component parts purchased by
the Company, and interest and foreign currency fluctuations.  Shareholders,
potential investors and other readers are urged to consider these factors
carefully in evaluating the forward-looking statements and are cautioned not
to place undue reliance on such forward-looking statements.

Item 3.   Quantitative and Qualitative Disclosures About Market Risk

     There are no material changes to the information provided in response to
this item as set forth in the Company's Form 10-K for the year ended December
31, 1998 as filed with the Securities and Exchange Commission.


PART II - OTHER INFORMATION

Item 6.   Exhibits and Reports on Form 8-K

     (a)  Exhibits

     10.1 Form of Supplemental Retirement Benefit Arrangement between Gehl
          Company and each of Messrs. Hahn, Mulcahy and Semler

     27   Financial Data Schedule [EDGAR version only]


     (b)  Reports on Form 8-K

          No reports on Form 8-K were filed by the Company during the quarter
     ended April 3, 1999.

<PAGE>

                                   SIGNATURES


     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.

                                      GEHL COMPANY


Date:  May 11, 1999                  By:  /s/ William D. Gehl       
                                          William D. Gehl   
                                          Chairman of the Board, President
                                          and Chief Executive Officer



Date:  May 11, 1999                  By:  /s/ Kenneth P. Hahn          
                                          Kenneth P. Hahn
                                          Vice President of Finance, 
                                          Treasurer and Chief Financial 
                                          Officer (Principal Financial
                                          and Accounting Officer)


<PAGE>

                                  GEHL COMPANY

                                   FORM 10-Q

                                 April 3, 1999

                                 EXHIBIT INDEX


Exhibit
Number                              Document Description                       
                                               

10.1   Form of Supplemental Retirement Benefit Arrangement between Gehl 
       Company and each of Messrs. Hahn, Mulcahy and Semler.


27     Financial Data Schedule [EDGAR version only]