Case IH dealer Titan Machinery announced its 3rd quarter earnings for fiscal year 2023 on Nov. 30, 2022. Revenue for the quarter came in at $668.8 million, up 47% from $454 million in the same period last year.
In its latest earnings release on Nov. 23, John Deere Director of Investor Relations Brent Norwood stated the company had cleared around $400 million of partially complete machines in its production and precision ag segment in its 4th quarter.
“Deere’s strong performance for both the fourth quarter and full year is a tribute to our dedicated team of employees, dealers, and suppliers throughout the world,” said John C. May, chairman and chief executive officer.
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In this episode of On the Record, we look at a recent AEM survey that found the majority of ag equipment manufacturers reported improving supply chain issues. In the Technology Corner, Noah Newman looks at Leaftech Ag's new handheld tissue analysis tool. Also in this episode, CNH Industrial's latest acquisitions and Titan Machinery's fiscal year 2023 earnings.