According to AGCO’s July 28 earnings report, the company reported its second-highest 6-month South America revenue in the last decade, as well as a continuously growing stockpile of work in process orders.
Record results were supported by strength across nearly all segments and geographies as the company expanded margins despite supply chain issues, regional disruption in Europe, Middle East and Africa and continued cost inflation pressure.
In its earnings report for its second quarter earnings of 2022, Kubota reported $9.5 billion in revenue, up 14.4% from $8.3 billion earned in the first half of last year.
Titan International, Inc., a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today reported results for the second quarter ended June 30, 2022.
Agriculture ales of $377.8 million increased 34% year-over-year, led by higher average selling prices of irrigation equipment globally and higher volumes, notably in North America and Brazil.
Large ag equipment sales rose 10.4% year-over-year in June, the largest increase since February, according to the latest data from the Assn. of Equipment Manufacturers.
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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.