Another sign that sales of ag equipment continue at a healthy clip is Art’s Way’s second quarter earnings report. The manufacturer of niche products showed a nearly 200% increase in net income compared with the same period of 2010.
The Armstrong, Iowa-based maker of animal feed, sugar beet, hay tools, forage and other specialty farm equipment said that its overall revenue grew by 16.3% to $7.84 million for the period ending May 31, 2011.
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.
