The latest data from Statistics Canada on Canada’s agricultural implement manufacturing industry (NAICS 33311) reveals that 61.5% of all Canadian ag implement manufacturing imports came from the U.S. in 2022, up from 59.4% in 2021.
CNH Industrial reported its 2Q23 earnings on July 28, showing growing financial revenue, wholesale financing receivables and levels of finished goods inventories.
In its 2Q23 earnings report, Titan International reported total revenue for the first 6 months of the year at $1.03 billion, down 8.8% from $1.13 billion at the same point last year.
In its 2Q23 earnings report released Aug. 9, Kubota reported $10.59 billion in total revenue for the first half of the year, up almost 21% year-over-year.
The company's net income was up 29% from the same period last year. Diluted EPS saw 30% year-over-year growth. Net sales of ag equipment grew by 4% year-over-year.
The latest data from Statistics Canada on Canada’s agricultural implement manufacturing industry (NAICS 33311) reveals that 80.2% of all Canadian ag implement manufacturing exports went to the U.S. in 2022, up from 77.5% in 2021.
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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.