“In contrast to our expectations, the wet summer evidently had no material impact on Cervus’ financial performance in the third quarter,” says Ben Cherniavsky, analyst for the Canadian investment dealer, Raymond James.
Titan Machinery, Case IH’s largest dealer of farm machinery, reported on June 9 that overall revenue soared in its fiscal first quarter of 2011, but net income edged lower on higher costs and interest expenses.
North American retail sales of farm equipment in April showed staying power, according to the most recent figures released by the Assn. of Equipment Manufacturers.
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The announcement of a partnership between New Holland and Bluewhite was one of the big precision stories of the summer. West Coast New Holland dealers now have the rights to sell, distribute and service Bluewhite’s aftermarket autonomy kits.