Manitou, manufacturer of equipment for agriculture, construction and other industries reported its net sales for the first half of 2020 down 35% to €762 million ($895 million) from €1,163 million ($1,366 million) in the first half of 2019.
According to a report from ETAuto, the company reported tractor sales up 2% year-over-year last month, with 24,017 units sold, compared to 23,539 sold in May 2019.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.