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Dealers’ 2023 Revenue Forecasts Favor Aftermarket Over Wholegoods

October 15, 2022 | Posted in Data & Trends

Ag Equipment Intelligence’s latest Dealer Business Outlook & Trends survey saw a notable drop-off in optimism in dealers’ new and used wholegoods revenue forecasts.

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Breaking Down Farmers’ Shortline Equipment Purchases by the Commodities They Grow

October 14, 2022 | Posted in Data & Trends

According to Farm Equipment’s second annual survey to farmers about their shortline manufacturers, farmers continue to buy shortline equipment for the quality they get for the price and the major lines’ lack of experience in niche areas.

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Dealers Report Boosted Used Equipment Revenue, Less Early Order Growth

September 15, 2022 | Posted in Data & Trends

This year’s Farm Equipment Dealer Business Outlook & Trends survey saw mixed results in dealer finances following last year’s stronger revenue growth forecasts.

Kubota Reports 3Q21 Revenue Up 14.3%

November 19, 2021 | Posted in Earnings Reports

Revenue for the third quarter of 2021 came in at $4,728.8 million, up 14.3% from $4,137 in the same quarter last year.

Mahindra Farm Division CEO Shubhabrata Saha Resigns

August 10, 2021 | Posted in Ag Equipment People

According to a report from ETAuto, Mahindra Farm Division CEO Shubhabrata Saha has resigned after over 20 years at the company.

Art’s Way Posts 15% Increase in Ag Sales in 3QFY20

October 8, 2020 | Posted in Earnings Reports

Art’s Way Manufacturing (Nasdaq: ARTW) reported consolidated sales of $6.5 million, up 17.5% vs. the same period a year earlier, in its fiscal third quarter ended Aug. 31, 2020.

AGCO 2Q20 Net Sales Fall 17%

July 30, 2020 | Posted in Earnings Reports

AGCO posted net sales of about $2 billion during the second quarter of 2020, down approximately 17.2% vs. the same period a year earlier. Net sales for the second quarter were approximately $2 billion, a decrease of approximately 17.2% compared to the second quarter of 2019.

Art’s Way’s Ag Equipment Sales Decline 15.6% in 2Q20

July 10, 2020 | Posted in Earnings Reports

On July 9, Art’s Way Mfg. reported consolidated sales for the 3 months and 6 months ended May 31, 2020 were $5,446,000 and $10,472,000, respectively, compared to $5,747,000 and $9,871,000 during the same respective periods in fiscal 2019.

CNHI Reports 1Q20 Revenues Drop 15%; Ag Down 10%

May 6, 2020 | Posted in Earnings Reports

CNH Industrial reported on May 6 that its consolidated revenues for the first quarter 2020 ended March 31 were $5.5 billion, down 15% vs. the first quarter 2019. The company reported a net loss of $54 million compared to net income of $264 million for the same period last year.

Kubota, Escorts Strike Deal on Investment, Sales Company

March 26, 2020 | Posted in Ag Equipment Worldwide

A stronger relationship between tractor makers Kubota and Escorts Ltd, newly established joint-venture partners in India, is the objective of an investment deal struck between the two parties.

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69% of Ag OEMs Say Supply Chain Issues are Improving

In this episode of On the Record, we look at a recent AEM survey that found the majority of ag equipment manufacturers reported improving supply chain issues. In the Technology Corner, Noah Newman looks at Leaftech Ag's new handheld tissue analysis tool. Also in this episode, CNH Industrial's latest acquisitions and Titan Machinery's fiscal year 2023 earnings.

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