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Articles Tagged with ''COVID-19''

Kubota Reports Revenue Down 8.9% in First Half of 2020; Ag Sales Down 8.5%

August 7, 2020 | Posted in Earnings Reports

For the six months ended June 30, 2020, revenue of Kubota Corporation and its subsidiaries (hereinafter, the “Company”) decreased by ¥86.7 billion or $820 million (–8.9%) from the same period in the prior year to ¥884.2 billion ($8.4 billion).

Titan International Reports Net Sales Down 26.7% in 2Q20; Ag Sales Down 12%

August 6, 2020 | Posted in Earnings Reports

Net sales for the second quarter of 2020 were $286.1 million, compared to net sales of $390.6 million for the second quarter of 2019, representing a $104.5 million, or 26.7%, decrease.

Buhler Reports 3Q20 Revenue Up 19.5%; U.S. Sales Up 37%

August 6, 2020 | Posted in Earnings Reports

Revenue for the quarter was C$76.6 million, up C$12.5 million from the prior year third quarter. Revenue for the first nine months of 2020 was C$185.7 million, up C$6.1 million from 2019.

Ag Economy Barometer Stable; Farmers Less Optimistic About Future

August 4, 2020 | Posted in Data & Trends

Farmer sentiment in July was virtually unchanged from a month earlier as the Purdue University-CME Group Ag Economy Barometer rose just one point to a reading of 118. The small change in the barometer left it 30% below its February 2020 peak and 23% below its level a year ago.

Manitou Reports Sales Down 43% in 2Q20

August 3, 2020 | Posted in Earnings Reports

Manitou, manufacturer of equipment for agriculture, construction and other industries reported its net sales for the first half of 2020 down 35% to €762 million ($895 million) from €1,163 million ($1,366 million) in the first half of 2019.

Real GDP Estimated Down 32.9% in 2Q20

July 30, 2020 | Posted in Ag Equipment Business

Real gross domestic product (GDP) decreased at an annual rate of 32.9% in the second quarter of 2020, according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5%.

Rocky Mountain Dealerships Posts 10% Sales Increase in 2Q20

July 29, 2020 | Posted in Earnings Reports

Improving sales of used ag equipment for the period ended June 30, 2020, helped push Rocky Mountain Dealerships (RME) to a year-over-year gain of 9.9%, according to the company. Based in Calgary, Alb., RME is Case IH’s largest Canadian dealership group.

Valmont Reports 2Q20 Net Sales Down 1.7%

July 23, 2020 | Posted in Earnings Reports

Net Sales of $688.8 million declined 1.7%; excluding $13.7 million of unfavorable currency impacts, sales were similar to last year, as strong growth in Utility Support Structures was offset by lower sales in the Coatings segment due to COVID-19 impacts, as expected.

Small Ag Equipment Sales are Something to Cheer About

By Dave Kanicki posted on July 21, 2020 | Posted in Analysis & Commentary

It’s difficult finding anything positive coming out of the COVID-19 pandemic, but it appears the stay-at-home/work-from-home directives are pumping up the sales of small farm machinery.

How COVID-19 is Creating Uncertainty in Ag Markets

July 15, 2020 | Posted in Analysis & Commentary

July and August are critical time periods for determining U.S. corn and soybean yield potential and this year is no exception. However, the COVID-19 pandemic also is creating high levels of uncertainty in the grain and livestock markets.

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New Holland President: We Need to Clean Our Dealer Network

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New Holland to ‘Clean’ Dealer Network of Shortlines

In this episode of On the Record, New Holland Agriculture President Carlo Lambro talks about the future of the company's North America network. In the Technology Corner, Noah Newman takes a look at the recently award-winning One Smart Spray system.

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