Orchard tractor and OEM drivelines manufacturer continued on its recent growth trajectory in 2018, recording a 3% increase in revenues to €624 million ($703.6 million) despite a near 6% fall in tractor sales compared to the previous year.
Rocky Mountain Dealerships Inc., Canada's largest agriculture equipment dealer, reported its financial results for the 3 and 12 months ended Dec. 31, 2018.
Manitou Group, manufacturer of rough terrain handling equipment for agriculture and construction, posted year-over-year sales revenue growth of 18% during 2018.
Off-road tire and wheel maker, Titan International, posted a 9.1% gain in net sales in 2018 vs. 2017, with net sales for the full year 2018 at $1.6 billion.
Alamo Group reported net sales for the fourth quarter of 2018 were $256 million compared to net sales of $243.3 million in the fourth quarter of 2017, an increase of 5.3%.
German farm equipment manufacturer Lemken reports that it was able to grow its business in the past year even though conditions proved generally difficult.
Deere & Co. reported net income of $498.5 million for the first quarter ended Jan. 27, 2019 compared with a net loss of $535.1 million for the quarter ended Jan. 28, 2018.
CNH Industrial showed a strong year-over-year sales gain in 2018. The company reported consolidated revenues of $29.7 billion for the full year, up 7% compared to 2017. Net sales of Industrial Activities were $27.8 billion for the year, up 8% vs. 2017.
AGCO reported net sales of approximately $2.6 billion for the fourth quarter of 2018, compared to net sales of approximately $2.5 billion for the fourth quarter of 2017.
Art’s Way, a manufacturer and distributor of niche farm machinery, modular buildings and tools, reported on Feb. 4 that its consolidated net sales for the fiscal year ended on Nov. 30, 2018, declined by 4.8% to $19.7 million vs. $20.7 million in 2017.
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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.