Returning to the compact tractor market in North America last year helped Doosan Bobcat Inc., record a 5.4% increase in fourth quarter 2019 sales and contributed to a 7.2% rise in full year sales to $3.8 billion.
Launch costs for these and other new products had a negative impact on operating profit as EBIT dropped 1.9% to $409 million and EBIT margin down one percentage point to 10.6%.
But the launch of the Daedong-sourced tractors…
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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.
