Case IH dealership group Titan Machinery released preliminary 2Q results for fiscal 2025 on Aug. 14, ahead of the quarter close on Aug. 31. Revenue for the quarter is expected to be about $643 million.
An expert panel selects up to 50 products for recognition. The award-winning products are those ranked highest in innovation, significant engineering advancement, and impact on the market served.
A manufacturer who provides OEM work to other farm equipment manufacturers told AEI that “Ag is on the fastest roller coaster ride down a quarter-century” and that a handful of its OEMs reduced their schedules in the first week of August.
Agriculture net sales decreased for the quarter by 20% to $3.91 billion, primarily due to lower shipment volumes on decreased industry demand and dealer inventory requirements across all regions.
Pompei will start in the position on Jan. 1, 2025 at the latest. Jukka Moisio will continue as the President and CEO until Pompei starts in the position.
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Precision ag pioneer Al Myers is a member of the Farm Equipment Shortline Legends Hall of Fame 2024 class. It’s been almost 35 years since the Ag Leader founder introduced the groundbreaking Yield Monitor 2000.