Farm equipment sales

On the Record

Titan Machinery Posts Big Gains in 1Q

By Kim Schmidt posted on June 5, 2020

The latest episode of On the Record is now available! We’re excited to be back in the office for this week’s episode, which includes coverage of Titan Machinery’s strong first quarter performance, as well as the latest earnings reports from Deere & Co., AGCO and CNH Industrial. In the Technology Corner, Jack Zemlicka shares some of the results of the 7th Annual Strip-Till Operational Benchmark Study. Also in this episode, Deere earns the Dealer’s Choice Award in the Equipment Dealers Assn.’s Dealer-Manufacturer Relations survey, and dealer sentiment remains down in both North America and Europe.

Titan Machinery Posts Big 1QFY21 Revenue Gains; Total Revenue Up 11.5%, Ag Rises 26%

May 28, 2020 | Posted in Earnings Reports

Titan Machinery Inc. (Nasdaq: TITN) reported financial results for the fiscal first quarter ended April 30, 2020, which included first quarter revenues of $310.2 million compared to $278.3 million in the same period a year earlier.

Cervus Equipment 1Q20 Revenues Rise 9%; Ag Up 8%

May 15, 2020 | Posted in Earnings Reports

Cervus Equipment, John Deere’s largest ag equipment dealership group in Canada, posted strong results for the first quarter of 2020 ended March 31. The company reported new equipment revenue increased 21% in the first quarter of 2020 compared to the same quarter of 2019.

April 2020 Tractor & Combine Analysis

By Charlie Glass posted on May 12, 2020 | Posted in Analysis & Commentary

All equipment retail sales exceeded monthly expectations or were nearly flat in the month of April. Higher horsepower tractors were the only exception, being 9.5% below the monthly forecast.

U.S. Sales Surge Helped Lemken Maintain ‘Best Year’ Revenues

April 15, 2020 | Posted in Equipment & Equipment Sales

A 23% surge in tillage equipment sales to growers in the U.S. helped Lemken maintain 2019 revenues at the same level as in the prior year. Global sales reached €380 million ($410 million), making the 12 month period ended December 2019 equal to the best year ever for the German manufacturer.

Expanded Territories Bolster BayWa’s Dealership Group Revenues

April 15, 2020 | Posted in Dealers & Dealerships

Despite an anticipated drop in new tractor sales last year, BayWa’s agricultural equipment business unit exceeded managers’ expectations by posting an increase in revenues. Much of the growth resulted from Claas’ announcement of a territory expansion into southern Alberta for the unit’s Canadian dealership.

Coronavirus Causes Deere to Shut Down Brazilian Manufacturing Operations

March 25, 2020 | Posted in Equipment & Equipment Sales

According to a March 24 Bloomberg report, Deere said it will stop production at its six plants in Brazil in an attempt to contain the spread of the coronavirus.

Big Acquisition Helped Dana Lift Off-Highway 2019 Revenues

March 25, 2020 | Posted in Earnings Reports

A $630 million revenue bonus from last year’s acquisition of the Oerlikon group’s drive systems operation helped Dana Inc., increase turnover with off-highway and commercial vehicle OEMs in 2019, despite markets for heavy equipment turning soft during the latter part of the 12 month period.

Rocky Mountain Dealerships’ 4Q19 and Full Year Sales Fall 26%

March 11, 2020 | Posted in Earnings Reports

Rocky Mountain Dealerships (RME) reported on March 11 that its fourth quarter 2019 sales declined 26%, which was just slightly better than full year results that saw sales drop by 26.3%.

Deere’s 1QFY20 Net Sales Drop, But Net Income Improves

February 21, 2020 | Posted in Earnings Reports

Deere & Co. reported that its worldwide net sales and revenues decreased 4% in the first quarter of 2020, ended Feb. 2, to $7.63 billion. Net sales of the company’s equipment operations were $6.53 billion for the quarter, compared with $6.94 billion in 2019; a decline of 6%. At the same time, Deere’s net income for the quarter was up 4% to $517 million vs. $498 for the same period in 2019.

Articles Tagged with ''farm equipment sales''

Titan Machinery Posts Big Gains in 1Q

Titan Machinery Posts Big 1QFY21 Revenue Gains; Total Revenue Up 11.5%, Ag Rises 26%

Cervus Equipment 1Q20 Revenues Rise 9%; Ag Up 8%

April 2020 Tractor & Combine Analysis

U.S. Sales Surge Helped Lemken Maintain ‘Best Year’ Revenues

Expanded Territories Bolster BayWa’s Dealership Group Revenues

Coronavirus Causes Deere to Shut Down Brazilian Manufacturing Operations

Big Acquisition Helped Dana Lift Off-Highway 2019 Revenues

Rocky Mountain Dealerships’ 4Q19 and Full Year Sales Fall 26%

Deere’s 1QFY20 Net Sales Drop, But Net Income Improves

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