Kubota Reports 33% Increase in 1Q23 Ag Revenue

On May 15, Kubota reported its total revenue for the first quarter of the year increased year-over-year to $5.6 billion. Overseas revenue specifically rose 42% from the prior year to $4.4 billion. Kubota’s inventory as of March 31 was valued at $4.6 billion, up 11.8% from $4.2 billion at the same point in 2022 and up 56.8% from $3 billion in 2021.

Ag Revenue

Kubota’s total Farm Equipment & Engines revenue reached $3.8 billion for…

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