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On The Record

Turmoil in Ukraine Pressures Grain Market

March 7, 2014

In today's newscast, we look at the impact the turmoil in Ukraine is having on the grain market, an update on Wisconsin's controversial Implements of Husbandry legislation, the outlook for Canadian ag equipment sales and Art's Way's latest financial report

Deere Looks for a Slowdown in 2014; Still Better Than Many Expect

November 25, 2013 | Posted in Earnings Reports

Deere & Co.’s earnings report surprised more than a few analysts, but many aren’t buying into the company’s forecast for the year ahead, though it’s lower than their fiscal 2013 results.

A Review of Specialty Equipment Makers Latest Earnings

November 1, 2013 | Posted in Data & Trends, Earnings Reports

While Ag Equipment Intelligence regularly reports on the earnings of the full-line farm equipment makers and publicly held dealership groups, we haven’t provided a lot of coverage of the specialty equipment manufacturers serving the ag and rural lifestyle equipment markets.

AGCO, CNH Ag Report Solid 3Qs; Flat Demand Ahead

November 1, 2013 | Posted in Earnings Reports

The world’s number two and three largest farm equipment manufacturers, CNH Industrial and AGCO Corp., put up pretty good numbers based on farm equipment sales for the third quarter of the year and year-to-date. At the same time, it doesn’t appear that either one are looking for big things in the months ahead.

LNN’s Soft Domestic Sales Disappoints

October 1, 2013 | Posted in Equipment & Equipment Sales

While improving year-over-year revenues by 16.1%, Lindsay Corp.’s weak domestic sales of irrigation systems appears to setting the tone for continuing soft business levels going into its new fiscal year.

Despite Production Disruptions, ARGO Posts Solid Results

October 1, 2013 | Posted in Earnings Reports

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.

Strong Revenues, Margins in Deere’s F3Q, But F4Q to Decline

August 1, 2013 | Posted in Data & Trends, Earnings Reports

Deere & Co.’s third-quarter 2013 results easily surpassed analysts’ expectations as the world’s largest ag equipment maker posted a 26% increase in income on a 4% gain in net sales and revenues. At the same time, Deere said it expects a weaker fourth quarter in this fiscal year.

Titan Machinery Misses Estimate Despite 4.7% 1Q Sales Rise, Changes are Planned

June 1, 2013 | Posted in Earnings Reports

While Titan Machinery reported fiscal year first-quarter revenue increased 4.7% to $442 million vs. the same period last year, its revenue was approximately $50 million lower than the dealer’s initial guidance.

Rocky Mountain 1Q Profits Rise Along with Revenues

May 1, 2013 | Posted in Earnings Reports

Rocky Mountain Equipment (RME), Case IH’s largest dealer group in western Canada, saw a healthy bump in both sales and earnings in the first quarter of 2013 compared to the same period a year earlier.

Cervus 1Q Revenues Rise, Profits Drop; Outlook ‘Stable’

May 1, 2013 | Posted in Earnings Reports

For the period ended March 31, Cervus Equipment Corp. (CVL), the publicly held John Deere dealership based in Calgary, reported its first-quarter revenue increased by 35.7% to $148.9 million from $109.8 million vs. the same period of 2012.

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Dealers Expect Parts & Service Growth in 2025, Declines in Equipment Sales

In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.

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