Consolidated corporate sales for the three- and nine-month periods ended Aug. 31, 2021 were $6,592,000 and $17,703,000, respectively, compared to $6,465,000 and $16,937,000 during the same respective periods in fiscal 2020.
Difficulties in supply chain, logistics and personnel recruitment have made it challenging for ag equipment manufacturers to meet high demand, not least at Kuhn where order intake through the first six months of the year was almost 50% up on the equivalent period in 2020.
Pushed by strong demand of producers, favored by higher international commodity prices, the Argentinian Chamber of Agricultural Machinery Manufacturers (Cafma) reports that the sector has committed 99% of the orders that will take place until the end of the year.
Alamo Group's net sales for the second quarter of 2021 were $347.6 million compared to net sales of $268.6 million in the second quarter of 2020, an increase of 29%.
Growth rates remained solid in June, though growth moderated sequentially on much tougher comps for large ag, said Analyst with RW Baird Mircea “Mig” Dobre in a recent note.
Second quarter sales in the company's agricultural products segment were $3,858,000 compared to $3,071,000 during the same period in fiscal 2020, an increase of $787,000, or 25.6%.
During the first quarter of 2021, Linamar experienced strong sales growth, up 15% vs. the first quarter 2020 and outstanding normalized net earnings growth, up 2.3 times in comparison to last year.
For the three months ended March 31, 2021, revenue of Kubota Corporation and its subsidiaries increased by $901.8 million (+22.3%) from the same period in the prior year to $4.9 billion.
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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.