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Sonalika Tractors Reports 42% Sales Growth in FY21

April 12, 2021 | Posted in Ag Equipment Worldwide, Equipment & Equipment Sales

Sonalika Tractors recently reported sales growth in its domestic market of 42%, for an annual sales volume of 139,526 tractors in its fiscal year 2021.

Doosan Bobcat Reports Record Revenue for Europe-Based Operations

April 28, 2020 | Posted in Earnings Reports

Based in a new $10 million headquarters at its Dobris plant in the Czech Republic, Doosan Bobcat EMEA recorded a 12.8% increase in revenues from €765 million ($732 million) in 2018 to €863 million ($936 million) last year.

Maschio Gaspardo Increases Sales 11%, Returns to Profitability

November 15, 2018 | Posted in Ag Equipment Worldwide, Earnings Reports

One of Italy’s leading agricultural implement manufacturers increased sales and returned to profit last year, bringing a positive note to a difficult period for the Maschio-Gaspardo group following the death of one of its founders. The business recorded an 11% increase in revenues, up from the equivalent of $335 million in 2016 to $373 million at current exchange rates.

On the Record

[Podcast] Ag Equipment Makers Report Strong Earnings

August 10, 2018

In this podcast we review the latest round of earnings reports of farm equipment manufacturers, which seem to be following the same trend of strong sales growth as many other industries. We also take a look at some other ag-related earnings, pay a visit to Horsch's new demonstration farm in Illinois and review the effects from a Trump Administration farm aid package.

Large Ag Equipment Sales Grow 2%

May 1, 2018 | Posted in Data & Trends, Equipment & Equipment Sales, Mergers & Acquisitions

North American large ag equipment unit sales were mixed in April, with overall unit sales up 2% year-over-year. Both U.S. and Canada had growth in combine sales (U.S. +59%), but that was partially offset by declines in 4WD tractors (Canada –28%) and row-crop tractors, according to the latest numbers released by the Assn. of Equipment Manufacturers.

Lemken Records Double-Digit Growth in 2017

March 1, 2018 | Posted in Mergers & Acquisitions

With particular focus on tine and short disc cultivators for fast, shallow tillage, Lemken’s operations in the U.S. and Canada, based in West Fargo, N.D., and St-Hyacinthe, Que., respectively, recorded double-digit sales growth in 2017.

Dealers See Strong C&CE Sales Trends Carrying Over to 2018

February 1, 2018 | Posted in Data & Trends

North American equipment dealers expect the solid sales levels of commercial and consumer equipment experienced in recent years to maintain an upward trend in the year ahead, according to the results of Rural Lifestyle Dealer’s most recent survey.

South American Ag Equipment Intelligence

December 1, 2017 | Posted in Ag Equipment Worldwide, Equipment & Equipment Sales, Mergers & Acquisitions

Investments in agricultural machinery continue to grow in Argentina, even with low commodity prices. Data from Argentina’s National Institute of Census and Statistics (INDEC), tractor unit sales grew 37% in the third quarter, while sales of combines jumped 33% year-over-year.

Equipment Sales Remain Sluggish, But Dealers See Positive Signs

June 2, 2017 | Posted in Data & Trends, Equipment & Equipment Sales

North American farm machinery dealers continue to report listless but stable sales trends. Through the first quarter of 2017, dealers say equipment sales were still in negative territory year-over-year, but improved compared to the last quarter of 2016.

Carraro Tractor Sales Grew to $88 million in 2016

April 1, 2017 | Posted in Equipment & Equipment Sales

Antonio Carraro of Campodarsego, Italy, a manufacturer of compact tractors for specialized agriculture (vineyards and orchards), closed its books for 2016 with a turnover of more than €83 million ($88 million) with an EBITDA close to 10% and a net profit of €2 million ($2.1 million).

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