Earnings Reports

Manitou Posts 4% Sales Gain in 3Q19, Up 18% for 9 Months

Manitou, manufacturer of equipment for construction, agriculture and other industries reported a 4% increase in sales during the third quarter of 2019 and 18% from the first 9 months of the year. Besides Manitou equipment, the company is also known for its Gehl and Mustang branded equipment.
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Poettinger Reports 8% Sales Growth in FY2019

Poettinger, the Austrian manufacturer of tillage and hay tools, continued its growth trajectory during the financial year to the end of July with an 8% increase in sales revenues of just over €28 million ($31 million) to €382 million ($422 million).
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Cervus Equipment 2Q Revenue Declines 20%; Ag Falls 25%

Cervus Equipment Corp., a 21 store John Deere dealership group, reported that overall revenue decreased 20% in the quarter, with reduced equipment sales in its Agricultural segment comprising the majority of the decrease, while a tapering of truck sales in its Transportation sector relative to the strong sales of 2018 was a secondary factor. Overall revenues include agriculture (56%) and transportation (34%) and industrial (10%) business segments.
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