Return to Compact Tractor Market Helps Lift Bobcat Revenues

Returning to the compact tractor market in North America last year helped Doosan Bobcat Inc., record a 5.4% increase in fourth quarter 2019 sales and contributed to a 7.2% rise in full year sales to $3.8 billion.

Launch costs for these and other new products had a negative impact on operating profit as EBIT dropped 1.9% to $409 million and EBIT margin down one percentage point to 10.6%.

But the launch of the Daedong-sourced tractors…

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