Sales 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.
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Alamo 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.”
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North 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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Art’s Way Reports Strong Finish to 2019
Net sales increased by 16 percent for the fourth quarter compared to the same quarter last year. Sales in the ag segment increased by 59 percent for the final quarter.
Read moreAGCO’s Sales Dip in Final Quarter
Net sales at AGCO dipped by about 3 percent in the fourth quarter of 2019. Net sales for the full year of 2019 decreased by 3.3 percent.
Read moreNet Sales Fall at CNHi
Revenue for the agriculture segment at CNHi was down 7.2 percent for the quarter and 6.2 percent for the year. The company expects farmer sentiment to stabilize this year.
Read moreArt’s Way Reports Strong Finish to 2019
Art’s Way Manufacturing Co., Inc. reported encouraging news in its financial results for fiscal year 2019 and its final quarter.
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Art’s Way Sees 16 Percent Revenue Growth in 2019
Art’s Way Manufacturing Co., Inc. has announced its financial results for the fourth quarter and fiscal 2019. Sales: Our consolidated
Read moreAg Economy Affects Buhler
Revenue at Buhler Industries decreased in 2019. The company expects to achieve higher gross margins in 2020.
Read moreMahindra’s Tractor Exports Drop 13 Percent
Both sales and exports saw a double-digit decline in December-to-December comparisons.
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Kubota Reports Rise in Revenue
Kubota’s revenues increased by 7.1 percent for the first 9 months of 2019 compared to the same period last year. The greatest gains came from domestic sales for the Japan-based company.
Read moreNet Sales Rise, Forecast Falls for Deere
Deere’s net sales in agriculture and turf increased for the fourth quarter and the year while operating profit fell. The company attributed the dip in operating profit to, among other things, higher production costs and an increase in research-and-development spending.
Read moreDeere Offers Employees Voluntary Separation
Deere rolled out a volunteer employee buyout program last week ahead of its fourth-quarter earnings call.
Read moreAGI Reports Rise in Trade Sales
Ag Growth International reported a 7 percent increase in total trade sales for the third quarter of 2019.
Read moreKubota Releases Yearly Earnings Report
For the year ended Dec. 31, consolidated revenue for Kubota Corp. increased by 5.7 percent compared to the previous year.
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