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Articles Tagged with ''Ukraine''

Manufacturers Cut Back Production Amid Rising Inflation

March 28, 2022 | Posted in Ag Equipment Business

Howard Dahl, CEO of Amity Technology, says the company isn't taking any more new equipment orders due to supply chain issues and rising inflation, according to a March 25 report from Reuters.

Titan Machinery Forecasts 75% Drop in Ukraine Revenue

March 28, 2022 | Posted in Ag Equipment Worldwide

In its latest earnings report, Titan Machinery forecast an 8-13% decline in international revenue for its fiscal year 2023, which "includes a reduction in revenue of approximately 75% from our Ukraine subsidiary compared to fiscal 2022."

Titan Machinery Reports FY22 Revenue Up 21%

March 24, 2022 | Posted in Earnings Reports

Revenue for the fiscal year 2022 increased 21.3% to $1.7 billion for fiscal 2022. Net income for fiscal 2022 was $66 million, or $2.92 per diluted share, compared to $19.4 million, or $0.86 per diluted share, for the prior year.

Kuhn on a Roll with Revenues & New Products

March 15, 2022 | Posted in Earnings Reports

Kuhn Group is on something of a roll with a generous investment program yielding 86 new machines introduced through 2021-22, with 20 alone being introduced in the coming year.

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How Will War in Ukraine Impact the North American Ag Equipment Market?

March 15, 2022 | Posted in Ag Equipment Worldwide

The Russian invasion of Ukraine, which began on Feb. 24, 2022, has caused a series of logistical problems for ag equipment manufacturers, dealers and farmers operating in the country.

AGI Reports 2021 Sales Up 20% to $1.2 Billion

March 10, 2022 | Posted in Earnings Reports

“Our strong results in the fourth quarter contributed to a record year for 2021 with broad-based strength in Farm, AGI Digital, EMEA, India and AGI Food. We see strong growth opportunities across all of our segments as demand for global food infrastructure remains robust," said AGI President and CEO Tim Close.

Titan Int'l Reports $265 Million in 4Q21 Ag Net Sales

March 4, 2022

"Our fourth quarter was a continuation of our strong performance throughout the year and adds up to an excellent 2021 as we increased sales by an astounding $521 million," commented Paul Reitz, president and chief executive officer.

Ukrainian Tractor Factory Destroyed in Bombing

March 4, 2022 | Posted in Ag Equipment Worldwide

According to a Feb. 28, 2022, report from Agroportal24h, the Kharkiv Tractor Plant, a manufacturer of wheeled and track-type tractors, has been destroyed and “engulfed in fire” by “massive shelling” from Russian forces in the eastern Ukrainian city of Kharkiv.

Buhler Industries Replaces Babkin, Names New Chairman and Directors

March 2, 2022 | Posted in Ag Equipment People

The Board of Directors has accepted the resignation of Konstanin Babkin. Babkin has been a vocal supporter of the actions taken by the Russian Federation.

Buhler Industries Avoids Sanctions Amid Russo-Ukrainian War

February 28, 2022 | Posted in Ag Equipment Worldwide

According to a report from CBC, Buhler Industries was not named on a sanctions list from the Canadian government in response to the ongoing Russo-Ukrainian War.

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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.

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