Power transmission businesses supplying agricultural and construction machinery to OEMs are continuing to feel the pinch as their customers moderate production to match demand.
A significant increase in tillage equipment and seeder sales helped offset a sizeable drop in demand for hay tools — at least in part — as Austrian manufacturer Pottinger faced up to market headwinds.
Canadian dealer groups Rocky Mountain Dealerships and Cervus Equipment Corp. reported their second quarter financial results on Aug. 9 and 10, respectively.
Investment in new product development, as well as bricks and mortar and human resources, continues at seeding and tillage equipment maker Horsch as it prepares for a recovery in agricultural machinery markets.
While Titan Machinery continues to battle agricultural headwinds of lower commodity prices and excessive equipment inventories, analysts covering Case IH’s largest farm equipment dealer group agree that the company is making progress in its efforts to get back to profitability.
Now liberated from successively more stringent exhaust emissions rules, engine maker Deutz will focus its R&D efforts on electronics and software development, more compact emissions systems, alternative fuels and extracting more power from fewer cubic inches.
Both of Canada’s two publicly held farm equipment dealership groups posted their earnings since the beginning of the month: Rocky Mountain Dealerships (RME) on May 2 and Cervus Equipment (CVL) on May 11.
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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.