Articles Tagged with ''quarterly earnings report''

Cervus Equipment 2Q Revenue Declines 20%; Ag Falls 25%

Cervus Equipment Corp., a 21 store John Deere dealership group, reported that overall revenue decreased 20% in the quarter, with reduced equipment sales in its Agricultural segment comprising the majority of the decrease, while a tapering of truck sales in its Transportation sector relative to the strong sales of 2018 was a secondary factor. Overall revenues include agriculture (56%) and transportation (34%) and industrial (10%) business segments.
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With Solid 1QFY20 Results and Reduced Debt Titan Machinery’s Set to Renew M&A Efforts

Titan Machinery turned in a strong performance during the first quarter of its fiscal year 2020 ended April 30, 2019. In addition to higher top and bottom line results, Titan Machinery managers also highlighted the retirement of remaining senior convertible note principal balance on May 1, 2019, along with lower floorplan and other interest expense as reasons for the upbeat quarterly report.
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Alamo Posts Record Net Sales in 1Q19, But Ag Slips

Alamo Group's net sales for the first quarter of 2019 were $261.9 million compared to net sales of $238.1 million in the first quarter of 2018, an increase of 10%. Net income for the quarter was $15.3 million compared to net income of $14.6 million, an increase of 4.6% in net income.
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AGCO Net Sales Down Less Than 1% in First Quarter

AGCO reported it sales during the first quarter of 2019 were down 0.6% compared to the first quarter of 2018. Excluding unfavorable currency translation impacts of approximately 7.1%, net sales in the first quarter of 2019 increased approximately 6.5% vs. the same period of 2018.
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