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AGI Reports 2021 Sales Up 20% to $1.2 Billion

March 10, 2022 | Posted in Earnings Reports

“Our strong results in the fourth quarter contributed to a record year for 2021 with broad-based strength in Farm, AGI Digital, EMEA, India and AGI Food. We see strong growth opportunities across all of our segments as demand for global food infrastructure remains robust," said AGI President and CEO Tim Close.

Exel Industries Ag Sales Rebound as Sprayer Operations Reorganized

March 9, 2022 | Posted in Earnings Reports

Multi-brand crop sprayer maker Exel Industries saw a four-year decline in sales brought to a halt in 2021 as the group recorded a near-15% upturn in sprayer revenues compared with the year prior, or more than 16% on a currency like-for-like basis.

Alamo Group FY21 Net Sales Come in at $1.3 Billion

February 28, 2022 | Posted in Earnings Reports

Net income for the year was $80.2 million, or $6.75 per diluted share, compared to net income of $57.8 million, or $4.88 per diluted share in 2020, a year-over-year improvement of 38.8%.

Valmont Reports $3.5 Billion in 2021 Sales

February 18, 2022 | Posted in Earnings Reports

"We achieved record sales for the second consecutive quarter through continued price management and strong market demand, while remaining highly focused on operational excellence and execution," said Stephen G. Kaniewski, president and chief executive officer.

Net Income of $903 Million Reported in Deere’s First Quarter

February 18, 2022 | Posted in Earnings Reports

Deere & Company reported net income of $903 million for the first quarter ended Jan. 30, 2022, or $2.92 per share, compared with net income of $1.224 billion, or $3.87 per share, for the quarter ended Jan. 31, 2021.

Kubota Reports FY21 Revenue Up 18.5%

February 15, 2022 | Posted in Earnings Reports

Domestic revenue increased by $66 million (+1.3%) from the prior year to $5.2 billion because of increased revenue in Farm & Industrial Machinery mainly due to increased sales of farm equipment, despite a decrease in revenue in Water & Environment and Other.

Manitou Reports FY21 Net Sales Up 18%

February 15, 2022 | Posted in Earnings Reports

The Product Division (combining the former MHA and CEP divisions) achieved quarterly sales of $434.1 million, up 8% on 4Q20 and 19% year-over-year.

AGCO Makes Big Precision Push in 2021

February 15, 2022 | Posted in Earnings Reports

While AGCO reported on Feb. 8, 2022, that net sales for 2021 were up nearly 22% to $11.1 billion, the manufacturer’s precision ag sales surpassed $0.5 billion — up 34% compared to 2020.

10-Year Picture Includes 11% Increase in Krone’s Ag Division in Just-Completed Fiscal Year

February 15, 2022 | Posted in Earnings Reports

In mid-January, Spelle, Germany-based Krone reported its 2020-21 fiscal year results. Ag Equipment Intelligence has been charting Krone’s financial data performance for more than 10 years, as summarized below.

CNH Industrial Finished 2021 with Net Ag Sales Up 35%

February 15, 2022 | Posted in Earnings Reports

On Feb. 8, CNH Industrial reported its fourth quarter and full year 2021 results, the last year of operations prior to the demerger of Iveco Group effective Jan. 1.

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Deere Reports Rising Large Ag Price Realization, Lower Production Costs

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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.

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