For the 3 months ended March 31, 2019, revenue of Kubota Corp. and its subsidiaries increased by $483.6 million (12.2%) from the same period in the prior year to $4.46 billion.
Ag equipment manufacturers and dealers have in recent weeks released their quarterly earnings. Sales for equipment manufacturers and/or their agricultural segments largely improved the last three months. Meanwhile, Canada’s largest dealership network announced it was opening a used equipment outlet in Kansas, marking the most recent step in its foray into the U.S. in accordance with its 5 year growth plan.
Through the first 9 months of the year, domestic revenue increased 1.8%, to $3.72 billion. Kubota says this the result of increased revenue in Farm & Industrial Machinery, which compensated for lower revenue in Water & Environment.
Kubota Corp. registered solid sales results through the first half of the year, especially in North America. It also announced it is investing in a new R&D facility for Europe.
Hyde Park Equipment has built a new showcase dealership location south of London. Kubota’s global growth towards a full-line agriculture equipment provider is driving shifts and expansion in its Ontario dealers.
With its public intent to become the big player in the global ag market, Kubota has continued to keep the industry playing “what if” scenarios, and the ripples throughout the ecosystems that will accompany any of its moves.
In the latest episode we discuss the completion of Kubota’s acquisition of Great Plains, examine the types of precision tools strip-tillers are using most, talk with CNH Industrial’s new vice president of parts and service for North America, review Art’s Way’s second quarter earnings and examine a increasingly crowded ag tire market.
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In this episode of On the Record, New Holland Agriculture President Carlo Lambro talks about the future of the company's North America network. In the Technology Corner, Noah Newman takes a look at the recently award-winning One Smart Spray system.