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Articles Tagged with ''COVID-19''

CNHI Restarts Production at 4 Italian Factories

April 29, 2020 | Posted in Ag Equipment Business

According to a report from Reuters, CNH Industrial is planning to restart production at 4 of its facilities in Italy on May 4. This includes facilities in Modena, Foggia and two facilities in Turin.

Equipment Manufacturers Say COVID-19 Wiping Out Demand, Disrupting Supply Chains

Executives say Congress should prioritize infrastructure investment to help support the industry

April 29, 2020 | Posted in Data & Trends

Nine out of 10 U.S. equipment manufacturers say the COVID-19 pandemic has had a very negative impact on the economy while more than half believe it has had a very negative impact on the industry overall, according to results of a survey released today by the Assn. of Equipment Manufacturers (AEM).

Rocky Mountain Dealerships Reports 1Q20 Sales Down 25%

April 29, 2020 | Posted in Earnings Reports

The dealer network reported total sales of $134 million dollars in the first quarter of 2020, down $44 million compared to $178 million reported in the first quarter of 2019, a decline of 25%.

Manitou Reports 1Q20 Revenues Down 25%

April 28, 2020 | Posted in Earnings Reports

Manitou, manufacturer of equipment for agriculture, construction and other industries reported its first quarter revenues in 2020 down 25% to €421 million ($455 million) from €562 million ($608 million) in the first quarter of 2019.

FAPRI Report Forecasts 2020 Farm Income Down $20 Billion; Assumes Rebound in 2021

April 27, 2020 | Posted in Data & Trends

A lot has happened since FAPRI prepared its outlook for the farm economy based on information available in January 2020. This analysis attempts to isolate COVID-19 impacts from other market changes that have occurred for unrelated reasons.

No-Till Farmers Indicate Concerns with Dealer Delays During Pandemic

April 26, 2020 | Posted in Data & Trends

A recent poll from No-Till Farmer, a sister publication of Ag Equipment Intelligence, asked its readers what impacts they expect COVID-19 will have on their farm management and operational goals. A total of 55% of farmers indicated they expected complications from their dealers, including delays, limited access and timeliness, would lead to down time on their end.

CNHI, Doosan Bobcat Reopen Manufacturing Plants in North Dakota

April 24, 2020 | Posted in Ag Equipment Business

According to multiple reports, ag equipment manufacturers are opening their facilities in North Dakota and will be implementing strict guidelines to create safer work environments for employees during the pandemic.

Valmont Reports 1Q20 Net Sales Down 2.6%, Withdraws 2020 Guidance

April 24, 2020 | Posted in Earnings Reports

The company reported net sales of $674.2 million, a decline of 2.6%. Operating income grew 22.5% to $66.9 million, or 9.9% of sales compared to $54.6 million or 7.9% of sales.

Equipment Leasing and Finance Industry Confidence Hits Record Low in April

April 23, 2020 | Posted in Data & Trends

Confidence in the equipment finance market fell to a historic low in April of 22.3, decreasing from the previous low of 46.0 in the March index.

Manitou to Resume Production in France & Italy

April 23, 2020 | Posted in Ag Equipment Worldwide

According to a report from Vertikal, Manitou has begun partially resuming production at its facilities in France and Italy with limited production.

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AGCO Reports $1.4 Billion in 2023 Tractor Revenue

New Holland Informs Dealers of Restructuring Details

Baltimore Port Closure: Tractor Imports & Exports Impacted, Deliveries Delayed

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[Technology Corner] Pessl Instruments CEO Talks Dealer Benefits From Lindsay Corp. Investment

Today, we’re looking at Austria-based Pessl Instruments, an agtech provider operating under the METOS brand. Irrigation equipment manufacturer Lindsay Corporation recently acquired a minority interest in Pessl Instruments following a strategic partnership the 2 companies announced in May 2023.

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