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RME Used Equipment Sales Jump 43% in 2Q20

August 15, 2020 | Posted in Earnings Reports

Rocky Mountain Dealerships (RME), Case IH’s largest Canadian dealership, posted a 10% uptick in overall sales during the second quarter of 2020. The gain was attributed to unusually strong sales of used equipment and solid product support revenues. Overall, RME’s second quarter results surpassed analysts’ expectations.

Kuhn’s 1H20 Revenues Decline 14%

August 15, 2020 | Posted in Earnings Reports

Kuhn Group’s order intake was a bright spot in a period when the COVID-19 pandemic created production, distribution and sales challenges that caused a dip in revenues relative to 2019.

Kubota Reports Revenue Down 8.9% in 1H20; Ag Sales Down 8.5%

August 15, 2020 | Posted in Earnings Reports

During the first half of 2020, Kubota’s revenues and profits both dropped. The company cited negative impact from the ongoing COVID-19 pandemic.

Other Ag Equipment 2Q20 Earnings Reports

August 15, 2020 | Posted in Earnings Reports

In addition to the earnings reports covered in this issue, other equipment ag manufacturers released earnings for the second quarter 2020 in recent weeks.

AGCO Sales Down 17%; Results Better Than Expected

August 15, 2020 | Posted in Earnings Reports

AGCO posted net sales of slightly over $2 billion during the second quarter of 2020, which was down 17% vs. the same period a year earlier. Net sales for the first 6 months of 2020 were about $4 billion, a drop of nearly 11% compared to the same period in 2019.

Cervus Equipment 2Q20 Ag Sales Up 17%

August 13, 2020 | Posted in Earnings Reports

Cervus generated $8 million in adjusted income before income tax, a nearly fourfold improvement compared to second quarter of 2019, driven by the strong performance of its agriculture segment.

Deutz Reports 1H20 Revenue Down 33.3%

August 12, 2020 | Posted in Earnings Reports

The Deutz engines business was already feeling the impact of the coronavirus pandemic in the first quarter of 2020 and, as the year progressed, all areas of the Company’s business were noticeably affected, as expected, in terms of both activities and performance.

Kubota Reports Revenue Down 8.9% in First Half of 2020; Ag Sales Down 8.5%

August 7, 2020 | Posted in Earnings Reports

For the six months ended June 30, 2020, revenue of Kubota Corporation and its subsidiaries (hereinafter, the “Company”) decreased by ¥86.7 billion or $820 million (–8.9%) from the same period in the prior year to ¥884.2 billion ($8.4 billion).

Titan International Reports Net Sales Down 26.7% in 2Q20; Ag Sales Down 12%

August 6, 2020 | Posted in Earnings Reports

Net sales for the second quarter of 2020 were $286.1 million, compared to net sales of $390.6 million for the second quarter of 2019, representing a $104.5 million, or 26.7%, decrease.

Buhler Reports 3Q20 Revenue Up 19.5%; U.S. Sales Up 37%

August 6, 2020 | Posted in Earnings Reports

Revenue for the quarter was C$76.6 million, up C$12.5 million from the prior year third quarter. Revenue for the first nine months of 2020 was C$185.7 million, up C$6.1 million from 2019.

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Earnings Reports
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RME Used Equipment Sales Jump 43% in 2Q20

Kuhn’s 1H20 Revenues Decline 14%

Kubota Reports Revenue Down 8.9% in 1H20; Ag Sales Down 8.5%

Other Ag Equipment 2Q20 Earnings Reports

AGCO Sales Down 17%; Results Better Than Expected

Cervus Equipment 2Q20 Ag Sales Up 17%

Deutz Reports 1H20 Revenue Down 33.3%

Kubota Reports Revenue Down 8.9% in First Half of 2020; Ag Sales Down 8.5%

Titan International Reports Net Sales Down 26.7% in 2Q20; Ag Sales Down 12%

Buhler Reports 3Q20 Revenue Up 19.5%; U.S. Sales Up 37%

Get all things Ag Equipment Intelligence all the time!

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Ag Equipment Intelligence

Claas Doubles Business in 5 Years, as Predicted

AGCO Pushes Dealer Purity, Cuts Production Amid Low Demand

Aftermarket Marks Bright Spot for Dealers in 2025 Forecast

Must Read Free Eguides

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Dealers Expect Parts & Service Growth in 2025, Declines in Equipment Sales

Earnings Reports RSS

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Earnings Reports
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