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Articles Tagged with ''North America''

Titan International Sales to John Deere Fall 27% in 2023

March 15, 2024 | Posted in Analysis & Commentary, Earnings Reports

Tire manufacturer Titan International’s sales to John Deere represented 13% of its 2023 net sales, according to its 10-K annual report released Feb. 29.

Kubota Reports Farm & Industrial Sales Up 13% in 2023

February 15, 2024 | Posted in Earnings Reports

Kubota Corp.’s 2023 revenue increased 12.8% to $20.05 billion. Domestic revenue increased 6.8% from the prior year to $4.27 billion because of increased revenue from Farm & Industrial Machinery and Water & Environment segments of the business.

AGCO Reports $14.4 Billion in 2023 Sales

February 15, 2024 | Posted in Data & Trends

On Feb. 6, AGCO reported fourth quarter net sales of $3.8 billion, down 2.5% year-over-year.

Claas Reports $6.7 Billion Net Sales

January 15, 2024 | Posted in Analysis & Commentary, Earnings Reports

In Claas’ recently released annual report, the company reported revenue of $6.7 billion in 2023, a 25% year-over-year increase from $5.4 billion in 2022.

Versatile Finds New Opportunities in ASKO Holdings, Shakes Off Former Owner Issues

January 15, 2024 | Posted in Mergers & Acquisitions

On Dec. 20, Buhler Industries, which manufactures the Versatile and Farm King equipment lines, announced it would be acquired by Turkish ag equipment manufacturer Başak Traktör.

Majorline Execs Talk Dealer Development, Professionalization & Consolidation

December 15, 2023 | Posted in Data & Trends, Dealers & Dealerships

During the major line OEM panel at Ag Equipment Intelligence’s 2024 Executive Briefing on Dec. 7, several executives from the majors spoke about the main challenges impacting their dealers over the next 5 years.

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Deere Sees Rising Dealer Inventories, Mixed Early Order Programs in 2023

December 15, 2023 | Posted in Data & Trends

In its most recent earnings released Nov. 22, John Deere reported $61.3 billion in total net sales for its fiscal year 2023, up 16% year-over-year. Net sales in the fourth quarter were down 1% year-over-year to $15.4 billion.

2024 Executive Briefing Provides Look Ahead at Ag Industry

December 11, 2023 | Posted in Ag Equipment Business

The Ag Equipment Intelligence 2024 Executive Briefing wrapped up on Friday, Dec. 8 after welcoming attendees from all across the ag industry.

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Titan International 3Q23 Ag Revenue Down 26%

November 15, 2023 | Posted in Earnings Reports

In its third quarter earnings reported Nov. 1, Titan International reported $213 million in agricultural revenue for the quarter, down 26.4% year-over-year.

AEI Newsmakers: October 2023

October 15, 2023 | Posted in Ag Equipment Business, Ag Equipment People, Ag Equipment Worldwide

VDMA reported German tractor registrations down 13% year-over-year in September (up 2% year-to-date).
Sarah Porter and Kathryn Sorensen demystified water concerns in Arizona in their Oct. 7 Wall Street Journal article.
Indian tractor manufacturer VST Tillers Tractors is looking for more collaborations with manufacturers.
According to a recent report from Horsch’s customer magazine terraHORSCH, China accounts for 18% of the world’s population but only 9% of global arable land.
LS Mtron recently announced its Land Solution partnership with Korean ag equipment manufacturer Woongjin Machinery.
According to CEMA, an industry trade association, the general business climate index for the European ag equipment industry has again fallen month-over-month.
In its Oct. 12 WASDE report, USDA reported a 2023-24 U.S. corn outlook of reduced supplies.
CNH Industrial announced Oct. 12 it had completed its acquisition of satellite positioning technology provider Hemisphere GNSS

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Claas Doubles Business in 5 Years, as Predicted

AGCO Pushes Dealer Purity, Cuts Production Amid Low Demand

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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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