Despite challenging market conditions and the trauma of an earthquake in 2012, the manufacturer of Landini, McCormick and Valpadana tractors continued to improve its profitability through increased efficiencies.
ARGO Tractors SpA and its subsidiaries recorded a 19% improvement in net operating result equivalent to $13.2 million at today’s exchange rate, from $11 million in 2011, on revenues of $627 million — a level similar to the preceding year of $635 million.
“Despite weakness in markets…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
