According to CNH Industrial’s full year 2022 earnings released on Feb. 2, the company brought in $23.6 billion in revenue in 2022, up 20.8% year-over-year.
The company's Agricultural Products segment’s net sales for the 2022 fiscal year were $20,912,000 compared to $16,826,000 during the 2021 fiscal year, an increase of $4,086,000, or 24.3%.
Case IH dealer Titan Machinery announced its 3rd quarter earnings for fiscal year 2023 on Nov. 30, 2022. Revenue for the quarter came in at $668.8 million, up 47% from $454 million in the same period last year.
In its latest earnings release on Nov. 23, John Deere Director of Investor Relations Brent Norwood stated the company had cleared around $400 million of partially complete machines in its production and precision ag segment in its 4th quarter.
“Deere’s strong performance for both the fourth quarter and full year is a tribute to our dedicated team of employees, dealers, and suppliers throughout the world,” said John C. May, chairman and chief executive officer.
Revenues for the year ended August 31, 2022 were $770.7 million, an increase of $203.1 million, or 36%, compared to revenues of $567.6 million in the prior year.
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In this episode of On the Record, brought to you by Weasler Engineering, we look at how the Port of Baltimore's closure will alter the flow of high horsepower tractors in and out of the country. In the Technology Corner, Noah Newman talks about some changes coming to drone operation regulations. Also in this episode, Kazakhstan's potential for the North American ag equipment industry and what 2024 holds for the sprayer market.