Art’s Way Reports 27 Percent Sales Increase in Q3
The company saw a 71 percent increase in grinder mixer sales, a 60 percent increase in beet equipment sales, and a 13 percent rise in manure spreader sales for the year to date.
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Earnings Report
Titan Raises Forecast
“We currently have customer commitments for the majority of our new machinery orders being shipped in Q3 and Q4 of FY ’22,” the COO said. “And we are also finishing presale customer orders for production slots into the first of FY ’23.”
Read moreDeere Forecasts Big Jump in Large Equipment Sales
In small agriculture and turf, net sales increased by 32 percent, and operating profits climbed 73 percent.
Read moreAlamo Execs Talk Supply Prices in Earnings Call
“While we’re pleased to see this improvement, we would normally expect a double-digit operating margin percentage,” an executive said of operating income that was 9.7 percent of net sales.
Read moreStellar Quarter at Alamo Diminished by Cost Increases
The company reported operating income was 9.7 percent of net sales, which is a 48 percent increase over the prior year quarter but perhaps below expectations because of volatile pricing on the supply side.
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AGCO Earnings Shows Big Gains in Big Equipment
Demand for high-horsepower tractors exceeded demand for low-horsepower tractors and drove a 24 percent increase for the first half of the year.
Read moreTitan International Sees Best Quarter Since 2013
The company sees momentum in large farm products, and because the big equipment market is “still roughly 25 percent below long-term averages,” it expects that momentum to continue.
Read moreCNHI: Rising Input Costs Will Be Offset by Price Realization
The company’s order book in agriculture more than doubled year over year for tractors, particularly in North America, and more than tripled for combines.
Read moreValmont Expects Huge Increase in Irrigation Sales
In its irrigation segment, the company reported a 57.6 percent increase in sales compared to 2020.
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Art’s Way Reports Strong Quarter, Half-Year
In agriculture, second quarter sales increased by 25.6 percent. Year-to-date ag sales increased by 22.1 percent.
Read moreDeere Sees Upswing in Sales of Larger Models
The sale of farm and turf equipment climbed 8 percent in the second quarter, Deere said, and the company expects sales for the year to climb by up to 15 percent.
Read moreTitan Expects Hot Market to Continue
CEO Paul Reitz said he expects upward trends in the agricultural sector to continue, “ and in some cases even improve throughout 2021 into 2022.”
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Linamar Boasts Strong Q1, Credits MacDon
CEO Linda Hasenfratz forecasts double-digit growth for MacDon this year and continued growth in 2022.
Read moreNet Sales in Ag Rise 17.5 Percent at Alamo
In spite of what CEO Ron Robinson characterized as “interesting times” resulting from pandemic business disruptions, he said the company is “rebounding nicely.”
Read moreBuhler Reports Quarterly, Six-Month Earnings
The company continues to project sales growth this year. Sales backlog remains high as Buhler works through supply chain challenges.
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Valmont: Double-Digit Sales Increases, Record Backlog
In its second quarter outlook, Valmont expects net sales to increase by 17 to 20 percent compared to last year.
Read moreAGCO Reports Strong First Quarter
Increased sales of tractors, parts, grain and protein equipment, and precision planting products generated most of the increase.
Read moreTractor Supply Reports Big First Quarter
The company’s e-commerce sales experienced triple-digit percentage growth for the fourth consecutive quarter.
Read moreFarm Equipment Sales Improve at Art’s Way
Sales for the quarter that ended Feb. 28 increased by 7.5 percent compared to the first quarter of 2020.
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Ag ‘Led the Way’ for Alamo in 2020
Alamo sees promising signs in the ag economy as well as challenges tied to operational issues.
Read moreAg ‘Led the Way’ for Alamo Group in Q4
For the quarter, net sales in agriculture increased by 10.5 percent. CEO Ron Robinson reports a strong backlog in ag orders.
Read moreValmont Sees Dramatic Increases in Q4, Year
Global sales in the ag irrigation segment increased by 49.8 percent year-over-year. North American sales increased by 14.8 percent.
Read moreBuhler Reports Promising First Quarter
Based on backlog and order activity, the company is optimistic about 2021.
Read moreDeere Posts 23 Percent Gain in Earnings
The company last week reported equipment operation net sales increased by 23 percent for the quarter ending Jan. 31. Net income for the quarter soared by 124 percent.
Read moreAGCO Sees Gains in Q4
Net sales for AGCO increased by about 8 percent for the fourth quarter of 2020. Net sales for all of 2020 increased by 1.2 percent.
Read moreArt’s Way Announces FY20 Results
In agriculture, net sales declined by 3.1 percent in 2020, which the company primarily attributes to the loss of low-margin OEM business.
Read moreDeere Closes Year Optimistic About Ag in 2021
In the U.S. and Canada, the company’s forecast calls for a 5 to 10 percent gain in sales in farm equipment in the new year.
Read moreAGI Sees Record Third Quarter
North American commercial sales were the exception in an otherwise standout quarter. Farm sales increased by 24 percent.
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Ag Sales at Art’s Way See Double-Digit Gains in Q3
“In a year with much disruption and many challenges, we were encouraged to see several significant positive trends in the third quarter,” said Chairman of the Board Marc H. McConnell.
Read moreAg Sales at Art’s Way See Double-Digit Rise in Q3
Third quarter sales in the agriculture segment increased by 14.9 percent. Year-to-date ag sales increased by 2.7 percent.
Read moreQ3 Sales Decline at Deere
Deere plans to spend $435 million this fiscal year on one-time moves, such as employee buyouts, employee reductions, and shuttering a small tractor manufacturing operation in China.
Read moreTitan International Reports Ag Sales Down in Q2
In agriculture, net sales for the quarter were down 11.5 percent. For the first six months of 2020, net sales were down by just over 11 percent.
Read moreKubota Ag Sales Down
In the farm and industrial machinery segment, overseas sales, which include North America, declined by 10.5 percent.
Read moreBuhler to Increase U.S. Production
News in the U.S. was good. The company experienced a 37 percent increase in sales for the first nine months of this year. It plans to expand operations in Willmar and cease production in Fargo.
Read moreAlamo Group Sees Dip in Income in Q2
The company reported that agriculture has fared better than industrial so far this year, and North American operations have been less affected by the pandemic than European.
Read moreRocky Mountain Sees Results with Focus on Used Machines
The dealerships reported a 9.9 percent increase in sales compared to the same quarter last year, largely due to higher sales of used equipment.
Read moreSales Fall at CNH But Beat Expectations
The company said the market was recovering more quickly than anticipated from the COVID-19 pandemic.
Read moreAg Sales Decline at Art’s Way
Other factors that prevented greater gains in the bottom included implementing an OEM product line and rewarding employees for their service during the pandemic.
Read moreSales Fall in Deere’s Second Quarter
The loss of potentially $1 billion in net income is a microcosm of how the pandemic is impacting the agriculture supply chain and farmers.
Read moreAlamo Group Reports on Q1
Alamo Group’s net sales for the first quarter of 2020 increased by 20 percent compared to the same quarter in 2019. Net sales for the company’s Agricultural Division decreased by 4.4 percent.
Read moreCNH Releases Q1 Numbers
Net sales were down for the first quarter due to impact of the coronavirus.
Read moreAlamo Group Reports Q1 Results
Alamo Group’s net sales for the first quarter of 2020 increased by 20 percent compared to the same quarter in 2019. Net income for the quarter increased by 1.8 percent.
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Sales Fall at Rocky Mountain
Sales decreased 24.7 percent compared to the same quarter last year. Among challenges: China’s canola embargo, rail protests, farmer hesitation, and COVID-19.
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Q1 Sales Rise at Art’s Way
The company enjoyed top-line growth in every segment during the quarter that ended Feb. 29, but COVID-19 has dashed optimism for a strong 2020.
Read moreRocky Mountain Reports Earnings for Q4, Year
Rocky Mountain Dealerships last week released financial results for its quarter and year. President and CEO Garrett Ganden said that “by all measures, 2019 was a tough year.”
Read moreTractor Makers in India Report Strong Month
Two India-based tractor makers reported gains in sales in February compared to 2019.
Read moreAlamo Reports Financials, Comments on Coronavirus
Specific to agriculture, Alamo saw a 45.9 percent increase in bookings compared to the fourth quarter of 2018. CEO Ron Robinson said that while “this is certainly not a trend, any improvement in the agricultural market is a welcome development.”
Read moreNorth American Irrigation Sales Stable for Valmont
CEO Stephen Kaniewski said even “with the impact of muted net farm income and trade uncertainty, our North American irrigation business performed well, supported by higher sales of advanced technology solutions.”
Read moreDeere Reports Earnings, Allen Resigns as Board Chair
Deere recently reported better-than-expected fiscal first-quarter results and said the U.S. farming industry is showing signs of improvement.
Read moreKubota’s Year-End Earnings Show Gains
In the farm and industrial machinery segment, revenue increased by 2.9 percent compared to 2018. Domestic revenues for the segment increased by 3.8 percent.
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