Alamo Group, the manufacturer of Rhino Ag, Bush Hog and other shortline equipment brands, reported its second quarter 2021 net sales of $347.6 million vs. $268.6 million in the second quarter last year, up 29% year-over-year.
Alamo Group has announced that it has expanded the membership of its Board of Directors from seven to eight members and has appointed Jeffery A. Leonard as a new member of the Board, effective June 1, 2021.
Recent analysis from Michael Shlisky, CFA, analyst with Colliers Securities, who met virtually with Alamo Group’s new CEO Jeff Leonard, indicates Leonard has no plans to change Alamo’s current successful business strategy.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
In this week's episode we take a first look at the UAW strike at 14 of Deere's U.S. facilities. In the Technology Corner, Michaela Paukner examines Kubota's planned acquisition of AgJunction for $72.8 million. Also in this episode, California Gov. Gavin Newsom has signed a bill that will ban gas-powered small-off road engines. Ben Thorpe reports on dealers early orders heading into 2022, based on the results of Ag Equipment Intelligence's Dealer Business Outlook & Trends report. Art's Way reported its second straight profitable quarter, and saw Agriculture Products segment sales for the third quarter improve by 27% vs. last year.