Revenue for the fifteen-month period was C$317.2 million ($253.5 million), up C$67.6 million ($50 million) from sales of $249.6 million ($199.5 million) in 2020. The Company’s increased sales growth for the period primarily results from the accounting change to a December year-end in 2021.
Yokohama Rubber’s ATG (Alliance Tire Group) business segment generated record sales revenue and business profit in 2021 as OEM and after-market demand for off-highway tires bounced back.
Kuhn Group is on something of a roll with a generous investment program yielding 86 new machines introduced through 2021-22, with 20 alone being introduced in the coming year.
“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.
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.
"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.
Claas increased its revenue in the 2021 fiscal year by 19% to $5,430.4 billion (previous year: $4,575.3 billion). Pre-tax earnings rose to $404.1 million (previous year: $178.9 million).
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.