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Articles Tagged with ''Cervus Equipment Corp.''

Cervus Equipment 1Q20 Revenues Rise 9%; Ag Up 8%

May 15, 2020 | Posted in Earnings Reports

Cervus Equipment, John Deere’s largest ag equipment dealership group in Canada, posted strong results for the first quarter of 2020 ended March 31. The company reported new equipment revenue increased 21% in the first quarter of 2020 compared to the same quarter of 2019.

Cervus Appoints Henkelman as New Director to the Board

September 19, 2019 | Posted in Ag Equipment People

Cervus Equipment Corp. announced that Wendy Henkelman has been appointed as an independent director of Cervus and Chair of the Audit Committee.

Cervus Equipment Names Angela Lekatsas President & CEO to Replace Retiring Graham Drake

April 16, 2019 | Posted in Ag Equipment People

Cervus Equipment Corp. Board of Directors has announce that Angela Lekatsas will succeed Graham Drake as president and Chief Executive Officer of the company upon his planned retirement on May 15, 2019.

Roundup of the Latest Quarterly Earnings

November 17, 2018 | Posted in Earnings Reports

Ag equipment manufacturers and dealers have in recent weeks released their quarterly earnings. Sales for equipment manufacturers and/or their agricultural segments largely improved the last three months. Meanwhile, Canada’s largest dealership network announced it was opening a used equipment outlet in Kansas, marking the most recent step in its foray into the U.S. in accordance with its 5 year growth plan.

Cervus Reports Both Total Revenue & Ag Sales Up 9%

November 8, 2018 | Posted in Earnings Reports

Cervus achieved record third quarter equipment sales in our Agriculture segment, increasing 9% compared to the third quarter of 2017, while equipment gross profit margins contracted.

Cervus Equipment to Sell 4 Alberta Construction Dealerships

February 27, 2018 | Posted in Mergers & Acquisitions

Go-forward strategy will focus on agriculture, transportation and material handling operations.

Cervus Reports Record 2Q17 Revenues

August 1, 2017 | Posted in Earnings Reports

Cervus Equipment Corp., John Deere’s largest Canadian dealer of farm machinery (33 locations in 3 countries) announced its financial results for the second quarter 2017, which ended June 30, 2017.

Canadian Dealers Report Small Improvements in Ag Revenues

August 1, 2016 | Posted in Earnings Reports, Equipment & Equipment Sales

Canadian dealer groups Rocky Mountain Dealerships and Cervus Equipment Corp. reported their second quarter financial results on Aug. 9 and 10, respectively.

Considering Current Ag Conditions, Canadian Dealers RME, CVL Post Decent 1Q16 Earnings

May 1, 2016 | Posted in Earnings Reports

Both of Canada’s two publicly held farm equipment dealership groups posted their earnings since the beginning of the month: Rocky Mountain Dealerships (RME) on May 2 and Cervus Equipment (CVL) on May 11.

Cervus Equipment Reports 3Q15 Ag Sales Up 13%

November 1, 2015 | Posted in Data & Trends, Earnings Reports

Cervus Equipment Corp. (CVE) posted an increase in total ag equipment revenue of 16% for the period ending Sept. 30 and 19% through the first 9 months of 2015. During its third quarter, John Deere’s largest farm machinery dealer in Western Canada registered strong sales across the board: equipment revenues were up 13% (new –3%, used +44%), parts +29%, service +42%, rental and other +47%.

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