For the 6 months ended June 30, 2021, revenue of Kubota Corporation and its subsidiaries increased by $1.9 billion (+24.6%) from the same period in the prior year to $10 billion.
Sales for the second quarter of 2021 totaled $2.21 billion, compared with $1.08 billion in the same period of 2020, representing a $1.13 billion improvement driven by strong customer demand and the conversion of our sales backlog.
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%.
CNH Industrial reported a strong second quarter performance, including consolidated revenues of $8.9 billion (up 60% compared to Q2 2020) and net income of $699 million.
Titan International reported its 2021 second quarter net sales were $438.6 million, a $152.5 million (53.3%) year-over-year increase, the highest quarterly sales since 2014.
AGCO reported its results for the second quarter ended June 30, 2021. Net sales for the second quarter were approximately $2.9 billion, an increase of approximately 43.5% compared to the second quarter of 2020.
In its 2Q21 earnings report, Doosan Bobcat reported sales revenue grew 45.2% year-over-year on the back of an increase in demand following economic recovery in major markets.
Global agriculture sales of $282 million increased 87.2% year-over-year, due to higher volumes across all markets, particularly in North America, the Middle East and Brazil, favorable pricing and higher technology sales.
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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.