Kubota’s earnings report for the first 9 months of 2022 highlighted the manufacturer’s continued success in growing North American ag and construction revenue.
According to Doosan Bobcat's 3Q22 earnings report, the manufacturer brought in $1.8 billion in revenue in its third quarter 2022, up 33.2% year-over-year.
“Our all-time record quarterly results for sales and Adjusted EBITDA continue to highlight the
strength and growth of AGI,” commented Paul Householder, President and CEO of AGI.
Agriculture net sales were up 26%, due to favorable price realization and better mix, mostly driven by North America and South America, partially offset by the negative impact of foreign
exchange rates.
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.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we talk to a Solectrac executive about the company's search for a new investor. In the Technology Corner, Noah Newman talks about the majors' growing presence in the precision retrofit market.