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Ag Equipment Sales Growth Decelerates

August 15, 2023 | Posted in Analysis & Commentary, Data & Trends, Earnings Reports

Large ag equipment unit sales growth decelerated to +0.3% year-over-year in July, according to the latest data from the Assn. of Equipment Manufacturers.

AEI Newsmakers: August 2023

August 15, 2023 | Posted in Earnings Reports

Global chipmakers are seeing an end to a glut of semiconductors but also forecast a slow recovery in demand.
Kubota Manufacturing of America Corporation (KMA) and Kubota Industrial Equipment Corporation (KIE) will merge into a single company on Jan. 1, 2024.
Total employment numbers for local manufacturers, including several in the ag equipment and rural lifestyle equipment markets.
USDA estimated 2023-24 corn ending stocks at 2,202 billion bushels, soybeans at 245 million bushels and wheat at 615 million bushels.
The VDMA reported German tractor registrations down 2% year-over-year in July (up 4% year-to-date).

South American News: August 2023

August 15, 2023 | Posted in Ag Equipment Worldwide, Earnings Reports

John Deere Announces New Factory for PLA Sprayer Line in Brazil
Brazil Ag Machinery Sales Dropped in June
July Ag Machinery Sales Fall Again in Argentina
Argentina: Apache Plant Expansion, Indecar Dealer Network Growth
New Holland Announces Partnership with Biomethane Companies in Brazil

Ag Equipment Intelligence Lists

Canadian Ag Implement Imports From U.S. Up 31% in 2022

August 15, 2023 | Posted in Ag Equipment Worldwide, Data & Trends, Earnings Reports

The latest data from Statistics Canada on Canada’s agricultural implement manufacturing industry (NAICS 33311) reveals that 61.5% of all Canadian ag implement manufacturing imports came from the U.S. in 2022, up from 59.4% in 2021.

CNH Industrial 2Q23 Earnings Show Growing Financial Revenue, Receivables

August 15, 2023 | Posted in Data & Trends, Earnings Reports

CNH Industrial reported its 2Q23 earnings on July 28, showing growing financial revenue, wholesale financing receivables and levels of finished goods inventories.

Titan International Reports Lower Ag Revenue on Declining OEM Sales

August 15, 2023 | Posted in Earnings Reports

In its 2Q23 earnings report, Titan International reported total revenue for the first 6 months of the year at $1.03 billion, down 8.8% from $1.13 billion at the same point last year.

Kubota Reports $2.7 Billion in Year-to-Date North American Ag Sales

August 15, 2023 | Posted in Data & Trends, Earnings Reports

In its 2Q23 earnings report released Aug. 9, Kubota reported $10.59 billion in total revenue for the first half of the year, up almost 21% year-over-year.

Net Sales Down but Net Earnings and EPS Up YOY for Valmont in Q2

July 28, 2023 | Posted in Earnings Reports

The company reported diluted earnings per share up $4.21 year-over-year, which Valmont said was a record.

Q2 2023 Net Income a Record for CNH Industrial

July 28, 2023 | Posted in Earnings Reports

The company's net income was up 29% from the same period last year. Diluted EPS saw 30% year-over-year growth. Net sales of ag equipment grew by 4% year-over-year.

AGCO's Q2 2023: Record Net Sales and Operating Margin

July 27, 2023 | Posted in Earnings Reports

The company raised is outlook regarding full-year sales, operating margin and earnings per share.

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Earnings Reports
RSS

Ag Equipment Sales Growth Decelerates

AEI Newsmakers: August 2023

South American News: August 2023

Canadian Ag Implement Imports From U.S. Up 31% in 2022

CNH Industrial 2Q23 Earnings Show Growing Financial Revenue, Receivables

Titan International Reports Lower Ag Revenue on Declining OEM Sales

Kubota Reports $2.7 Billion in Year-to-Date North American Ag Sales

Net Sales Down but Net Earnings and EPS Up YOY for Valmont in Q2

Q2 2023 Net Income a Record for CNH Industrial

AGCO's Q2 2023: Record Net Sales and Operating Margin

Get all things Ag Equipment Intelligence all the time!

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Ag Equipment Intelligence

Producer Price Index Percentage Changes — Ag Equipment & Parts Segment

Deere Reports 25% Drop in 3Q Production & Precision Ag Net Sales

Brand Loyalty Drops Slightly Among Farmers, Improves Among Deere & New Holland Customers vs. 2020

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[Technology Corner] Quantifying the Impact of a Precision Ag Pioneer

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