Titan Machinery, Case IH’s largest equipment dealer worldwide, posted healthy revenue increases for both the fourth quarter and full year of fiscal 2013. At the same time, the dealer group’s net income slipped as a result of construction segment losses, margin pressures and rising floorplan costs as a result of higher equipment inventories.
Art’s Way Manufacturing Co. announced its financial results for the first quarter on April 15, showing steady growth to start the year. Net sales for the three months ended Feb. 28, 2013 increased 33.3% over the same quarter in 2012.
Despite strong numbers in its second reporting period of 2013, Lindsay Corp., the Nebraska-based manufacturer of irrigation equipment for agriculture, isn’t at all sure the sales momentum will sustain itself through the remainder of the year.
Record sales of ag machinery were posted by Krone in a year that saw the company open improved shipping facilities at its headquarters plant, as well as its own dealerships in the U.S. for the first time.
As celebrations of the group’s 130th anniversary got underway, the manufacturer of Amazone equipment in Germany reported another significant boost in sales volumes and revenues.
Tillage equipment manufacturer Lemken has embarked on a $65 million program to build new workshops, production plants and supply facilities to support growth plans after setting a new sales record in the year it moved decisively into the U.S. market.
It was mostly good news for Rocky Mountain Equipment (formerly Rocky Mountain Dealerships) as it posted vastly improved numbers for its fourth quarter and full year 2012.
AGCO posted net sales of $2.7 billion in the fourth quarter that ended on December 31, 2012, up nearly 7.4% from $2.52 billion in the fourth quarter of 2011.
CNH Global reported on January 31 that its net income for the fourth quarter of 2012 rose slightly to $195 million from $193 million for the last quarter of 2011.
Targeted development of business activities in North America remains a focus for Claas as it celebrates a new record for revenues and the start of its centenary year.
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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.