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AEI Newsmakers: August 2024

August 15, 2024 | Posted in Ag Equipment Business, Equipment & Equipment Sales

Doosan Robotics will merge with Doosan Bobcat by early 2025. Prior to the merger...
CNH announced the appointment of Ryan Schaefer as new vice president of New Holland Ag North America...
AGCO entered into an agreement to sell the majority of its Grain & Protein business to American Industrial Partners...
According to CEMA’s August survey of EU ag equipment manufacturers, 6% consider their current business...
JP Morgan analysts view USDA’s Aug. 12 WASDE report as negative for U.S. farmers considering...
Trimble reported 2Q revenues of $870.8 million, down 12% year-over-year. For the full-year 2024...
Kinze announced Aug. 1 that it will be reducing its workforce. The reduction affects 193 of Kinze’s 815...
Alamo Group reported 2Q net sales of $416.3 million, down 5.5% year-over-year...

Trimble Announces Second Quarter 2024 Results

August 6, 2024 | Posted in Earnings Reports

Source: Trimble

Trimble Inc. announced their financial results for the second quarter of 2024.

Ag Equipment Intelligence Lists

Ag Equipment Manufacturers’ 2023 Executive Compensation

June 17, 2024 | Posted in Ag Equipment Business, Data & Trends

Ag Equipment Intelligence has gathered data from the financial filings of the ag industry’s key publicly-traded manufacturers and compiled these companies’ executives’ compensation, now updated for the 2022 financial year.

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AGCO Combine & Application Equipment Sales Down 30% in 1Q24

May 15, 2024 | Posted in Ag Equipment Business, Data & Trends, Earnings Reports

AGCO’s first quarter combine and application equipment sales brought in $254 million this year, a 30% year-over-year decrease.

News Release

AGCO's Q1 2024 Net Sales Drop 12.1% Year-Over-Year

May 2, 2024 | Posted in Earnings Reports

AGCO reported net sales of $2.9 billion for the first quarter ended March 31, 2024, a decrease of 12.1% compared to the first quarter of 2023.

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[Technology Corner] Trimble’s New Bilberry Smart Spraying System Embodies Retrofit-First Mindset

March 15, 2024 | Posted in Technology

Today we’re spotlighting Trimble’s new see and spray technology. It’s called the Bilberry system — a camera-based system that enables farmers to save up to 90% on herbicide applications by only spraying where the weeds are in the field. And as Trimble’s Cory Buchs tells us, one of the best things about it is it retrofits to existing sprayers.

[Technology Corner] Sights & Sounds from 2024 National Farm Machinery Show

February 23, 2024 | Posted in Technology

We’re back from the Farm Machinery Show in Louisville, Ky. Let’s check out some sights and sounds from the floor including the new Bilberry smart spraying system, the autonomous irrigation system 360 Rain, the Case IH AF11 combine and more.

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Trimble Reports $508 Million in 2023 Ag Revenue

February 15, 2024 | Posted in Earnings Reports

In its full year 2023 earnings, Trimble reported $508.2 million in ag revenue and $146.1 million in fourth quarter ag revenue.

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CNH Industrial Aims for Almost All In-House Precision Tech by 2025

November 15, 2023 | Posted in Analysis & Commentary, Ag Equipment People

During CNH Industrial’s earnings call for its third quarter, CEO Scott Wine addressed the company’s goal of transitioning to in-house tech solutions.

AGCO Acquires FarmFacts GmbH's Digital Assets

November 13, 2023 | Posted in Ag Equipment Business, Autonomous Ag Machinery

Tech Stack Addition of FarmFacts Digital Assets and AGCO Ventures Among Next Steps.

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Deere Production Could be Down 10-15% Next Year

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.

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