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Earnings Report

Member News Shortliner 

AGI Reports Earnings for Q4, Year

March 22, 2022March 22, 2022 Kristi Ruggles AGI, Earnings Report

In the farm segment, sales grew 28 percent in Q4. Farm backlog is up 48 percent over the prior year.

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Manufacturing News Shortliner 

Kubota Highlights Gains in North America, Ag Sales

March 22, 2022March 22, 2022 Kristi Ruggles Earnings Report

The company plans a 6 percent increase in the price of tractors in North America and 5 percent increase in construction machinery.

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Manufacturing News Shortliner 

Titan International Reports 40-Plus Percent Sales Gain

March 22, 2022March 22, 2022 Kristi Ruggles Earnings Report, Titan Internatinal

The increases reflected sales gains in all segments, most notably agriculture, along with pricing gains.

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Manufacturing News Shortliner 

Deere Improves Forecast, Expects Demand to Continue

February 22, 2022February 22, 2022 Kristi Ruggles Earnings Report

Order books for the upcoming year are mostly full, Deere said, except for a few cases where it has paused orders to reevaluate inflationary pressures later in the year.

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Manufacturing News Shortliner 

AGCO Reports Q4, Year Results

February 22, 2022February 22, 2022 Kristi Ruggles AGCO, Earnings Report

Increased sales of high horsepower and mid-range tractors as well as precision planting products represented the largest increases for the company.

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Manufacturing News Shortliner 

Kubota Equipment Sales Up 28 Percent

February 22, 2022February 22, 2022 Kristi Ruggles Earnings Report, Kubota

In North America, sales of tractors and construction machinery increased significantly due to strong demand along with growth in suburban development.

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Manufacturing News Shortliner 

CNH Shows 35 Percent Sales Gain for the Year

February 22, 2022February 22, 2022 Kristi Ruggles Earnings Report

In North America, demand was up 10 percent for tractors under 140 HP and up 23 percent for tractors over 140 HP. Combines were up 25 percent.

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Member News Shortliner 

Art’s Way Ag Sales Approach 30 Percent Increase

February 22, 2022February 22, 2022 Kristi Ruggles Earnings Report

The company also reported an 18 percent gain in labor output on roughly the same amount of wages in 2021.

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Manufacturing News 

Year at CNH Shows 35 Percent Sales Growth

February 9, 2022February 9, 2022 Kristi Ruggles Earnings Report

CNH Industrial said the increase in net sales was driven by higher demand, better mix, and favorable price realization.

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Manufacturing News 

AGCO Reports Sales Numbers

February 9, 2022February 9, 2022 Kristi Ruggles Earnings Report

Increased sales of high horsepower and mid-range tractors as well as precision planting products represented the largest increases.

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Member News 

Art’s Way: Increase in Ag Sales Approaches 30 Percent

February 9, 2022February 9, 2022 Kristi Ruggles Earnings Report

“We overcame ongoing challenges with the supply chain, skilled labor shortages and the impacts of COVID-19 to deliver to our customers,” said President and CEO David King.

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Manufacturing News Shortliner 

Claas Reports Nearly 20 Percent Rise in Revenue

January 4, 2022January 4, 2022 Kristi Ruggles CLAAS, Earnings Report

In its outlook, Claas said it expects the supply situation and price development on the procurement markets to present a greater risk in 2022.

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Member News Shortliner 

Poettinger Hits Record Sales in Milestone Year

December 14, 2021December 14, 2021 Kristi Ruggles Earnings Report

Sales revenue in Canada increased by 48 percent at Poettinger, which drove a record in sales during the company’s 150th year.

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Member News Shortliner 

Revenue Dips, Gross Profit Climbs at Buhler

December 1, 2021December 1, 2021 Kristi Ruggles Earnings Report

The company stated that demand for products remains strong and it is working to increase production to meet the growing order backlog.

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Member News Shortliner 

AGCO’s Q3 Shows Biggest Gains in South America

November 16, 2021November 16, 2021 Kristi Ruggles Earnings Report

Broken down by region, AGCO reported a 36.6 percent increase in sales in South America and an 8.5 percent increase in North America for the quarter.

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Manufacturing News Shortliner 

CNH Expects Disruptions to Ease in 2022

November 16, 2021November 16, 2021 Kristi Ruggles Earnings Report

The company said supply chain disruptions contributed to a $700 million cash burn in the third quarter.

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Manufacturing News Shortliner 

AGI’s Backlog Triples on Farm Equipment Orders

November 16, 2021November 16, 2021 Kristi Ruggles AGI, Earnings Report

Farm segment trade sales grew 11 percent. Farm backlog is up 202 percent over prior year as of Sept. 30.

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Member News Shortliner 

Art’s Way Reports 27 Percent Sales Increase in Q3

October 19, 2021October 19, 2021 Kristi Ruggles Earnings Report

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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Manufacturing News Shortliner 

Titan Raises Forecast

September 8, 2021September 8, 2021 Kristi Ruggles Earnings Report, Titan Machinrey

“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.”

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Manufacturing News Shortliner 

Deere Forecasts Big Jump in Large Equipment Sales

August 24, 2021August 24, 2021 Kristi Ruggles Deere, Earnings Report

In small agriculture and turf, net sales increased by 32 percent, and operating profits climbed 73 percent.

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Member News Shortliner 

Alamo Execs Talk Supply Prices in Earnings Call

August 24, 2021August 24, 2021 Kristi Ruggles Earnings Report

“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.

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Shortliner 

Stellar Quarter at Alamo Diminished by Cost Increases

August 13, 2021August 13, 2021 Kristi Ruggles Earnings Report

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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Member News Shortliner 

AGCO Earnings Shows Big Gains in Big Equipment

August 3, 2021August 3, 2021 Kristi Ruggles Earnings Report

Demand for high-horsepower tractors exceeded demand for low-horsepower tractors and drove a 24 percent increase for the first half of the year.

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Manufacturing News Shortliner 

Titan International Sees Best Quarter Since 2013

August 3, 2021August 3, 2021 Kristi Ruggles Earnings Report

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.

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Manufacturing News Shortliner 

CNHI: Rising Input Costs Will Be Offset by Price Realization

August 3, 2021August 3, 2021 Kristi Ruggles CNHi, Earnings Report

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.

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Member News Shortliner 

Valmont Expects Huge Increase in Irrigation Sales

August 3, 2021August 3, 2021 Kristi Ruggles Earnings Report, Valmont

In its irrigation segment, the company reported a 57.6 percent increase in sales compared to 2020.

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Member News Shortliner 

Art’s Way Reports Strong Quarter, Half-Year

July 20, 2021July 20, 2021 Kristi Ruggles Earnings Report

In agriculture, second quarter sales increased by 25.6 percent. Year-to-date ag sales increased by 22.1 percent.

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Manufacturing News Shortliner 

Deere Sees Upswing in Sales of Larger Models

June 2, 2021June 2, 2021 Kristi Ruggles Earnings Report

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.

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Member News Shortliner 

Titan Expects Hot Market to Continue

May 18, 2021May 18, 2021 Kristi Ruggles Earnings Report, Titan International

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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Member News Shortliner 

Linamar Boasts Strong Q1, Credits MacDon

May 18, 2021May 18, 2021 Kristi Ruggles Earnings Report, MacDon

CEO Linda Hasenfratz forecasts double-digit growth for MacDon this year and continued growth in 2022.

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Member News Shortliner 

Net Sales in Ag Rise 17.5 Percent at Alamo

May 18, 2021May 18, 2021 Kristi Ruggles Alamo Group, Earnings Report

In spite of what CEO Ron Robinson characterized as “interesting times” resulting from pandemic business disruptions, he said the company is “rebounding nicely.”

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Member News Shortliner 

Buhler Reports Quarterly, Six-Month Earnings

May 18, 2021May 18, 2021 Kristi Ruggles Earnings Report

The company continues to project sales growth this year. Sales backlog remains high as Buhler works through supply chain challenges.

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Member News Shortliner 

Valmont: Double-Digit Sales Increases, Record Backlog

May 4, 2021May 4, 2021 Kristi Ruggles Earnings Report, Valmont

In its second quarter outlook, Valmont expects net sales to increase by 17 to 20 percent compared to last year.

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Manufacturing News Shortliner 

AGCO Reports Strong First Quarter

May 4, 2021May 4, 2021 Kristi Ruggles AGCO, Earnings Report

Increased sales of tractors, parts, grain and protein equipment, and precision planting products generated most of the increase.

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Ag News Shortliner 

Tractor Supply Reports Big First Quarter

May 4, 2021May 4, 2021 Kristi Ruggles Earnings Report

The company’s e-commerce sales experienced triple-digit percentage growth for the fourth consecutive quarter.

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Member News Shortliner 

Farm Equipment Sales Improve at Art’s Way

April 20, 2021April 20, 2021 Kristi Ruggles Art's Way, Earnings Report

Sales for the quarter that ended Feb. 28 increased by 7.5 percent compared to the first quarter of 2020.

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Member News Shortliner 

Ag ‘Led the Way’ for Alamo in 2020

March 9, 2021March 9, 2021 Kristi Ruggles Alamo Group, Earnings Report

Alamo sees promising signs in the ag economy as well as challenges tied to operational issues.

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Member News 

Ag ‘Led the Way’ for Alamo Group in Q4

March 1, 2021March 1, 2021 Kristi Ruggles Earnings Report

For the quarter, net sales in agriculture increased by 10.5 percent. CEO Ron Robinson reports a strong backlog in ag orders.

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Member News Shortliner 

Valmont Sees Dramatic Increases in Q4, Year

February 23, 2021February 23, 2021 Kristi Ruggles Earnings Report, Valmong

Global sales in the ag irrigation segment increased by 49.8 percent year-over-year. North American sales increased by 14.8 percent.

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Member News Shortliner 

Buhler Reports Promising First Quarter

February 23, 2021February 23, 2021 Kristi Ruggles Earnings Report

Based on backlog and order activity, the company is optimistic about 2021.

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Manufacturing News Shortliner 

Deere Posts 23 Percent Gain in Earnings

February 23, 2021February 23, 2021 Kristi Ruggles Earnings Report

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.

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Manufacturing News 

AGCO Sees Gains in Q4

February 5, 2021February 5, 2021 Kristi Ruggles Earnings Report

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.

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Member News 

Art’s Way Announces FY20 Results

February 5, 2021February 5, 2021 Kristi Ruggles Earnings Report

In agriculture, net sales declined by 3.1 percent in 2020, which the company primarily attributes to the loss of low-margin OEM business.

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Manufacturing News Shortliner 

Deere Closes Year Optimistic About Ag in 2021

December 1, 2020December 1, 2020 Kristi Ruggles Earnings Report

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.

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Member News Shortliner 

AGI Sees Record Third Quarter

December 1, 2020December 1, 2020 Kristi Ruggles AGI, Earnings Report

North American commercial sales were the exception in an otherwise standout quarter. Farm sales increased by 24 percent.

Read more
Member News Shortliner 

Ag Sales at Art’s Way See Double-Digit Gains in Q3

October 13, 2020October 13, 2020 Kristi Ruggles Art's Way Manufacturing, Earnings Report

“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.

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Member News 

Ag Sales at Art’s Way See Double-Digit Rise in Q3

October 9, 2020October 9, 2020 Kristi Ruggles Art's Way, Earnings Report

Third quarter sales in the agriculture segment increased by 14.9 percent. Year-to-date ag sales increased by 2.7 percent.

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Manufacturing News Shortliner 

Q3 Sales Decline at Deere

September 1, 2020September 1, 2020 Kristi Ruggles Earnings Report

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.

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Member News Shortliner 

Titan International Reports Ag Sales Down in Q2

September 1, 2020September 1, 2020 Kristi Ruggles Earnings Report

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.

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Manufacturing News Shortliner 

Kubota Ag Sales Down

September 1, 2020September 1, 2020 Kristi Ruggles Earnings Report, Kubota

In the farm and industrial machinery segment, overseas sales, which include North America, declined by 10.5 percent.

Read more
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