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Dealer Optimism Stalls, But 2013 Outlook Remains Solid

August 30, 2013 | Posted in Data & Trends, Earnings Reports

North American farm equipment dealers' level of optimism followed the deceleration of tractor and combine sales in July, but their outlook for the full year remained intact from previous months.

Huge Jump in Ag Sales Pushes Cervus’ Profits Up by 17.3%

August 1, 2013 | Posted in Earnings Reports

Farm equipment sales in western Canada remained robust through the second-quarter as one of John Deere’s largest retailers of ag machinery in the region, Cervus Equipment Corp., posted record revenues for the period.

Following Big 2Q, AGCO & CNH Raise Outlook

August 1, 2013 | Posted in Data & Trends, Earnings Reports

Not only did CNH and AGCO see significant gains in revenues and net income during the second quarter ended June 30, 2013, but both farm equipment makers also saw healthy increases in margins that bolstered the companies’ forecasts for the remainder of the year and into 2014.

Strong Revenues, Margins in Deere’s F3Q, But F4Q to Decline

August 1, 2013 | Posted in Data & Trends, Earnings Reports

Deere & Co.’s third-quarter 2013 results easily surpassed analysts’ expectations as the world’s largest ag equipment maker posted a 26% increase in income on a 4% gain in net sales and revenues. At the same time, Deere said it expects a weaker fourth quarter in this fiscal year.

Titan Machinery Misses Estimate Despite 4.7% 1Q Sales Rise, Changes are Planned

June 1, 2013 | Posted in Earnings Reports

While Titan Machinery reported fiscal year first-quarter revenue increased 4.7% to $442 million vs. the same period last year, its revenue was approximately $50 million lower than the dealer’s initial guidance.

Rocky Mountain 1Q Profits Rise Along with Revenues

May 1, 2013 | Posted in Earnings Reports

Rocky Mountain Equipment (RME), Case IH’s largest dealer group in western Canada, saw a healthy bump in both sales and earnings in the first quarter of 2013 compared to the same period a year earlier.

Cervus 1Q Revenues Rise, Profits Drop; Outlook ‘Stable’

May 1, 2013 | Posted in Earnings Reports

For the period ended March 31, Cervus Equipment Corp. (CVL), the publicly held John Deere dealership based in Calgary, reported its first-quarter revenue increased by 35.7% to $148.9 million from $109.8 million vs. the same period of 2012.

Deere’s 2Q Net Income Up 2.7%, Projects Ag Equipment Growth of 5% for Year

May 1, 2013 | Posted in Earnings Reports

Deere & Co. saw another strong quarter, reporting on May 15 that its net income for the period ended April 30 was $1.084 billion compared with $1.056 billion for the same period last year, or up 2.7%. Through the first six months of its fiscal year, the company produced net income of $1.7 billion vs. $1.6 billion last year.

Despite Solid 1Q Ag Earnings, CNH Sees Softer Sales for Year

May 1, 2013 | Posted in Earnings Reports

CNH Global turned in a solid performance for the first quarter of 2013, but the heavy equipment maker doesn’t expect the same results in terms of unit sales for the remainder of the year.

With Healthy 1Q Revenue, Margin Gains, AGCO Raises 2013 Forecast

May 1, 2013 | Posted in Earnings Reports

With strong first-quarter sales performances in North and South America, AGCO beat both top and bottom line estimates, improved its operating margins, but still fell short on profits.

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