On Nov. 1, 202, AGCO reported net sales for the third quarter were approximately $3.1 billion, an increase of approximately 14.5% compared to the third quarter of 2021.
Deere & Company reported net income of $1.884 billion for the third quarter ended July 31, 2022, compared with net income of $1.667 billion for the quarter ended August 1, 2021.
In the March 2022 issue of Ag Equipment Intelligence, data from the last decade of Kubota’s financial earnings showed a growing percentage of its revenue has come from the North American (NA) market.
According to AGCO’s July 28 earnings report, the company reported its second-highest 6-month South America revenue in the last decade, as well as a continuously growing stockpile of work in process orders.
Record results were supported by strength across nearly all segments and geographies as the company expanded margins despite supply chain issues, regional disruption in Europe, Middle East and Africa and continued cost inflation pressure.
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In this episode of On The Record, we examine Deere’s Population of 20-Store Dealers On the Rise. In the Technology Corner, we take a look at Carbon Robotics Developing New “Thinning” Function for LaserWeeder. Also in this episode: AGCO & Kubota Sign Right to Repair MOUs, Deere Reports Rising Large Ag Price Realization - Lower Production Costs and Dealers’ Most Pressing Concerns.