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Big Acquisition Helped Dana Lift Off-Highway 2019 Revenues

March 25, 2020 | Posted in Earnings Reports

A $630 million revenue bonus from last year’s acquisition of the Oerlikon group’s drive systems operation helped Dana Inc., increase turnover with off-highway and commercial vehicle OEMs in 2019, despite markets for heavy equipment turning soft during the latter part of the 12 month period.

Deere Withdraws 2020 Financial Outlook

March 23, 2020 | Posted in Earnings Reports

In response to the coronavirus outbreak, Deere (NYSE:DE) withdraws its 2020 financial guidance saying the ultimate magnitude of the outbreak’s effects “could be material” but will be determined over time.

Return to Compact Tractor Market Helps Lift Bobcat Revenues

March 11, 2020 | Posted in Earnings Reports

Returning to the compact tractor market in North America last year helped Doosan Bobcat Inc., record a 5.4% increase in fourth quarter 2019 sales and contributed to a 7.2% rise in full year sales to $3.8 billion.

Lindsay Corp. Reports 1Q20 Revenues Down 2%

January 10, 2020 | Posted in Earnings Reports

Lindsay Corp. today announced results for its first quarter of fiscal 2020, which ended on Nov. 30, 2019. Revenues for the first quarter of fiscal 2020 were $109.4 million, a decrease of $2.6 million, or 2%, compared to revenues of $112.0 million in the prior year first quarter.

Claas Reports Solid FY19 Revenues; Ramps Up North American Expansion Efforts

December 23, 2019 | Posted in Ag Equipment Worldwide

In the year that Claas completed the transition from harvesting specialist to full line supplier in North America, the German group recorded sales revenues at a level similar to the prior 12 months but saw profitability plunge almost 40% in a challenging market.

Rocky Mountain Reports 21% Sales Drop in 3Q19; Reduces Inventories by $62M

October 30, 2019 | Posted in Earnings Reports

Rocky Mountain Dealerships (TSX:RME) Canada's largest farm equipment dealer group, posted a 21.1% decrease in total sales during the third quarter of 2019 ending Sept. 30. Sales during the period declined by $49,307 to $184,067 from $233,374 during the same period in 2018.

Art's Way Manufacturing Posts 4.2% Sales Growth in 3Q19

October 10, 2019 | Posted in Earnings Reports

Art's Way Manufacturing Co., a diversified manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, announces its financial results for the third quarter and year-to-date fiscal 2019.

Deutz Optimistic on 2019 Performance Despite First-Half Orders Dip; NA Sales Up 16%

August 9, 2019 | Posted in Earnings Reports

An 8.8% increase in revenues from sales of engines for agricultural equipment contributed to a near 6% overall improvement for off-road engine maker Deutz in the first half of 2019, despite a 3.4% reduction in sales of all engine types from 105,201 to 101,591 units.

Art’s Way Revenue Up 8.6% Year-Over-Year in 2Q19

July 10, 2019 | Posted in Earnings Reports

Consolidated corporate sales for continuing operations for the three- and six-month periods ended May 31, 2019 were $5,747,000 and $9,871,000, respectively, compared to $5,294,000 and $10,660,000 during the same respective periods in fiscal 2018, a $453,000, or 8.6%, increase for the three months and a $789,000, or 7.4%, decrease for the six months.

Lindsay Corp. 3Q19 Revenue Drops 29%; Low Commodity Prices and Trade Disputes

July 10, 2019 | Posted in Earnings Reports

Revenues for the third quarter of fiscal 2019 were $121.1 million, a decrease of $48.5 million, or 29%, compared to revenues of $169.6 million in the prior year third quarter.

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[On The Record] Deere's FY1Q Sales Drop 4%

The latest episode of On the Record is now available! In the Technology Corner, Jack Zemlicka discusses precision technology adoption among no-till farmers. Also in this episode: farmland values hold steady, European dealer sentiment improves, private equity firm Westcap invests in Degelman and Deere’s latest earnings report.

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