Earnings Reports - Articles

Deere’s 4Q19 Net Sales Rise 5%, Ag Up 3%; Expects Lower Sales in FY2020

November 27, 2019 | Posted in Earnings Reports

Deere & Co. reported net income of $722 million for the fourth quarter ended Nov. 3, 2019, compared with net income of $785 million for the quarter ended Oct. 28, 2018. For fiscal 2019, net income attributable to Deere & Co. was $3.253 billion compared with $2.368 billion in 2018. Worldwide net sales and revenues increased 5% in both the fourth quarter and full year of 2019 to $9.896 billion and $39.258 billion, for the respective periods.

Softer Int’l Business Impacts Titan Machinery’s 3Q20 Sales, But Ag Up 2%

November 26, 2019 | Posted in Earnings Reports

Titan Machinery, CNH Industrial’s largest retailer of farm and construction equipment, reported overall revenues in its third quarter of fiscal 2020 were flat vs. the same period of the prior year. Total revenue during the period was $361 million compared to $361 million in the third quarter of fiscal 2019.

Solid U.S., International Sales Boosts Ag Growth International’s 3Q19 Results

November 15, 2019 | Posted in Earnings Reports

Winnipeg-based Ag Growth International (AFN:TSX) reported a 7% increase in total trade sales for the third quarter 2019.

Cervus Equipment’s 3Q19 Revenues Decline 19%; Ag Down 28%

November 8, 2019 | Posted in Earnings Reports

Calgary-based Cervus Equipment, one of John Deere’s largest ag equipment retailers with 36 store locations, reported that its consolidated revenue for the third quarter of 2019 ended Sept. 30 declined by 19% year-over-year.

Titan International Reports 3Q19 Net Sales Fell 10%; Ag Sales Slip 4%

November 7, 2019 | Posted in Earnings Reports

Titan International (TWI), manufacturer of off-highway tires and wheels, posted third quarter 2019 net sales of $345.9 million, a decrease of $38.8 million, or 10% vs. the third quarter of 2018, ended Sept. 30. On a constant currency basis, net sales would have been $351.6 million.

CNHI’s 3Q19 Revenues Down 5%; Ag Sales Fall 7%

November 6, 2019 | Posted in Earnings Reports

CNH Industrial reported third quarter consolidated revenues of $6.4 billion, a year-over-year drop of 5%. Net sales of its agricultural segment dropped 7% vs. the third quarter of 2018. The company said that industry volume deceleration coupled with an unfavorable product mix drove sales down, primarily in North America and the Rest of World regions.

Alamo Group Reports 3Q19 Net Sales Increased 5.5%; Ag down 2.7%

October 31, 2019 | Posted in Earnings Reports

Alamo Group Inc. (ALG) reported record net sales for a third quarter of $271.8 million, up 5.5% for the third quarter ended Sept. 30, 2019. By operating segment Industrial Division net sales of $158.5 million were up 1.1%; Agricultural Division net sales of $59.8 million were down 2.7%; European Division net sales of $53.5 million, up 35.9%.

Trimble’s 3Q19 Revenues Decline 1%

October 30, 2019 | Posted in Earnings Reports

Trimble Inc. (NASDAQ: TRMB) announced third quarter 2019 GAAP revenue of $783.9 million, down 1% compared to the third quarter of 2018. Third quarter 2019 non-GAAP revenue of $784.3 million was down 3% vs. the same period of 2018.

Rocky Mountain Reports 21% Sales Drop in 3Q19; Reduces Inventories by $62M

October 30, 2019 | Posted in Earnings Reports

Rocky Mountain Dealerships (TSX:RME) Canada's largest farm equipment dealer group, posted a 21.1% decrease in total sales during the third quarter of 2019 ending Sept. 30. Sales during the period declined by $49,307 to $184,067 from $233,374 during the same period in 2018.

AGCO’s 3Q19 Net Sales Dip 4.8%; Full Year Sales Forecast to Decline ‘Modestly’

October 29, 2019 | Posted in Earnings Reports

AGCO (NYSE: AGCO) reported net sales of approximately $2.1 billion for the third quarter of 2019, a decrease of approximately 4.8% compared to the third quarter of 2018. Excluding unfavorable currency translation impacts of approximately 3.1%, net sales in the third quarter of 2019 decreased approximately 1.7% compared to the third quarter of 2018.

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Deere’s 4Q19 Net Sales Rise 5%, Ag Up 3%; Expects Lower Sales in FY2020

Softer Int’l Business Impacts Titan Machinery’s 3Q20 Sales, But Ag Up 2%

Solid U.S., International Sales Boosts Ag Growth International’s 3Q19 Results

Cervus Equipment’s 3Q19 Revenues Decline 19%; Ag Down 28%

Titan International Reports 3Q19 Net Sales Fell 10%; Ag Sales Slip 4%

CNHI’s 3Q19 Revenues Down 5%; Ag Sales Fall 7%

Alamo Group Reports 3Q19 Net Sales Increased 5.5%; Ag down 2.7%

Trimble’s 3Q19 Revenues Decline 1%

Rocky Mountain Reports 21% Sales Drop in 3Q19; Reduces Inventories by $62M

AGCO’s 3Q19 Net Sales Dip 4.8%; Full Year Sales Forecast to Decline ‘Modestly’

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