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Another Tough Quarter for Ag Equipment Makers

The latest round of quarterly earnings reports continue to indicate tough sledding for ag equipment companies with low expectations for the remainder of 2015.
November 1, 2015 | Posted in Data & Trends, Earnings Reports
The latest round of quarterly earnings reports continue to indicate tough sledding for ag equipment companies with low expectations for the remainder of 2015.
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Rocky Mountain Making Progress in Its Turnaround

November 1, 2015 | Posted in Data & Trends, Earnings Reports
For its third quarter, Rocky Mountain Dealerships (RME) reported total revenues were up by 10.9% to $256 million from $230.8 million a year ago. While new equipment sales were off by 2% vs. the same period last year, used equipment sales were up by 23%. Inventory decreased by $51.3 million or 9.5% to $489.7 million.
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Cervus Equipment Reports 3Q15 Ag Sales Up 13%

November 1, 2015 | Posted in Data & Trends, Earnings Reports
Cervus Equipment Corp. (CVE) posted an increase in total ag equipment revenue of 16% for the period ending Sept. 30 and 19% through the first 9 months of 2015. During its third quarter, John Deere’s largest farm machinery dealer in Western Canada registered strong sales across the board: equipment revenues were up 13% (new –3%, used +44%), parts +29%, service +42%, rental and other +47%.
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Analyst Spots 3 of the Majors’ Biggest Pushes

October 12, 2015 | Posted in Data & Trends
While attending the Farm Progress Show in Decatur, Ill., last month, Morningstar equity analyst Kwame Webb said during his visits with the three major equipment manufacturers, three major trends emerged. These included substantial investments in telematics, less emphasis on high horsepower equipment, and an ongoing push to reduce their own and dealer inventories.
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Large Ag Sales Continue Decline

October 1, 2015 | Posted in Data & Trends, Equipment & Equipment Sales
North American large ag equipment sales declines continued in September. According to the latest unit sales figures released by the Assn. of Equipment Manufacturers, 4WD tractor sales are down 48.6% year-over-year (down 54.7% last month), combine sales fell 25.6% (down 28.1% last month), and row-crop tractor sales decreased 40.4% (down 30.9% last month).
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