Not only did CNH and AGCO see significant gains in revenues and net income during the second quarter ended June 30, 2013, but both farm equipment makers also saw healthy increases in margins that bolstered the companies’ forecasts for the remainder of the year and into 2014.
AGCO Revenues Up. AGCO reported that its revenues increased 13% year-over-year to $3.05 billion. North American region sales increased 8% year-over-year to $789 million in the quarter. The…
This is subscription content for VIP Members. A VIP membership gives you all things Ag Equipment Intelligence all the time! Compare the three levels of access:
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
Download these helpful knowledge building tools
In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
