Buhler Industries has come a long way since being acquired by Russian manufacturer Combine Factory Rostselmash in 2007. It established early on that its intent was to become a full line manufacturer of farm machinery. Today, the company offers an extensive line of farm equipment, including Versatile, Allied and Farm King-branded machines.
“We’ve done a good job of maintaining our discipline regarding our inventory levels, which has been our main focus,” said David Meyer, chairman and CEO of Titan Machinery, during a conference call with analysts following release of the company’s second quarter fiscal 2018 earnings.
Despite sluggish sales during the second quarter of its fiscal 2018, Titan Machinery executives told analysts following release of its earnings report on Aug. 31 that its U.S. ag and construction equipment markets have begun to stabilize and improve.
Last week, both publicly traded Canadian farm equipment dealership groups issued their second quarter 2017 earnings reports. Both Cervus Equipment and Rocky Mountain dealerships posted solid revenue gains for the 3 month period ended June 30, 2017.
Rocky Mountain Dealerships, the largest Canadian Case IH dealer group, reported its second quarter 2017 total sales increased $4.6 million, or 2%, to $237.2 million compared with the same period in 2016 due to a $4.5 million increase in equipment sales.
Cervus Equipment Corp., John Deere’s largest Canadian dealer of farm machinery (33 locations in 3 countries) announced its financial results for the second quarter 2017, which ended June 30, 2017.
Having previously focused its investments on production facilities in China and India, the SDF Group — manufacturer of SAME and Deutz-Fahr tractors — has turned its attention to Europe with major factory renewal projects.
Deere & Co., best known for its domi- nance in farm equipment industry, made a big and unexpected move on June 1 when it announced it would be expanding the reach of its Construction & Forestry division by acquiring the German construction equipment maker Wirtgen Group.
During the last few years, dealers have been extremely conservative with their revenue growth projections for the precision farming segment of their businesses.
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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.