Ag Equipment Intelligence has compiled data from the SEC filings of publicly-traded manufacturers to compare their research & development (R&D) spending with their ag equipment sales.
Ag Equipment Intelligence has gathered financial data from the filings of the ag industry’s key publicly-traded manufacturers and compiled its own list of these companies’ executives’ compensations, now updated for the 2021 financial year.
In the latest installment to its ongoing “LISTS” series, Ag Equipment Intelligence has compiled a list of all the publicly announced acquisitions and investments major line manufacturers made in 2021.
A surge in the number of compact tractors — machines of less than 50 horsepower — purchased in 2021 helped sustain the German tractor market in terms of unit numbers if not value at much the same level as in 2020.
At €655 million ($718.5 million), the German ag equipment manufacturer Amazone experienced an exceptional year for sales in 2021, exceeding prior-year revenues by 22% to set another new record for the company.
Sales of regular farm tractors in France last year held steady, according to provisional registration statistics and re-stated figures for 2020 issued by trade body Axema.
Farm machinery dealers in France saw a firmer market for telescopic handlers in 2021 as agricultural enterprises continued to invest in these versatile farm loading and materials handling machines.
"Our fourth quarter was a continuation of our strong performance throughout the year and adds up to an excellent 2021 as we increased sales by an astounding $521 million," commented Paul Reitz, president and chief executive officer.
Net income for the year was $80.2 million, or $6.75 per diluted share, compared to net income of $57.8 million, or $4.88 per diluted share in 2020, a year-over-year improvement of 38.8%.
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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.