Cervus Equipment Corp., one of John Deere’s largest equipment dealers, reported improved financial results in the first quarter of the year compared to the same time period in 2017.
The company generated a $100,000 loss in the first three months of 2018, an improvement of $1.5 million compared to the same period last year. Revenue was about $248.7 million, an 8% uptick from 2017 and gross profit was nearly $41.8 million, an increase of 3%.
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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.
