For the period ended March 31, Cervus Equipment Corp. (CVL), the publicly held John Deere dealership based in Calgary, reported its first-quarter revenue increased by 35.7% to $148.9 million from $109.8 million vs. the same period of 2012.
Deere & Co. saw another strong quarter, reporting on May 15 that its net income for the period ended April 30 was $1.084 billion compared with $1.056 billion for the same period last year, or up 2.7%. Through the first six months of its fiscal year, the company produced net income of $1.7 billion vs. $1.6 billion last year.
CNH Global turned in a solid performance for the first quarter of 2013, but the heavy equipment maker doesn’t expect the same results in terms of unit sales for the remainder of the year.
With strong first-quarter sales performances in North and South America, AGCO beat both top and bottom line estimates, improved its operating margins, but still fell short on profits.
Titan Machinery, Case IH’s largest equipment dealer worldwide, posted healthy revenue increases for both the fourth quarter and full year of fiscal 2013. At the same time, the dealer group’s net income slipped as a result of construction segment losses, margin pressures and rising floorplan costs as a result of higher equipment inventories.
Art’s Way Manufacturing Co. announced its financial results for the first quarter on April 15, showing steady growth to start the year. Net sales for the three months ended Feb. 28, 2013 increased 33.3% over the same quarter in 2012.
Despite strong numbers in its second reporting period of 2013, Lindsay Corp., the Nebraska-based manufacturer of irrigation equipment for agriculture, isn’t at all sure the sales momentum will sustain itself through the remainder of the year.
Record sales of ag machinery were posted by Krone in a year that saw the company open improved shipping facilities at its headquarters plant, as well as its own dealerships in the U.S. for the first time.
As celebrations of the group’s 130th anniversary got underway, the manufacturer of Amazone equipment in Germany reported another significant boost in sales volumes and revenues.
Tillage equipment manufacturer Lemken has embarked on a $65 million program to build new workshops, production plants and supply facilities to support growth plans after setting a new sales record in the year it moved decisively into the U.S. market.
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The announcement of a partnership between New Holland and Bluewhite was one of the big precision stories of the summer. West Coast New Holland dealers now have the rights to sell, distribute and service Bluewhite’s aftermarket autonomy kits.