Cervus Equipment finished off 2020 with revenue growth both for the fourth quarter and the full year. Overall, Canada’s largest John Deere dealership group reported 8% revenue growth for the year.
Titan Machinery, one of North America’s largest equipment dealership groups, posted its first strong earnings report since sales of farm machinery turned down in 2014. Fourth quarter revenue topped $339 million, up 7% year-over-year.
During the last few years, dealers have been extremely conservative with their revenue growth projections for the precision farming segment of their businesses.
Landscape contractors, one of the prime market segments for rural lifestyle and outdoor power equipment dealers, continue to show strong growth potential in 2017.
Canadian dealer groups Rocky Mountain Dealerships and Cervus Equipment Corp. reported their second quarter financial results on Aug. 9 and 10, respectively.
The Memphis, Tenn.-based operations of Krone, one of Europe’s leading hay equipment manufacturers, made a significant contribution to the company’s global sales growth in the 2014-15 financial year ended July 31, in the face of weakening markets.
Rocky Mountain Dealerships reported its fourth quarter sales were up 1% compared to the same period a year earlier, but full-year 2014 sales slipped 4% compared with 2013. Case IH’s largest dealer group in Canada, with 40 locations, released its earnings on March 10.
A Belgian manufacturer of heavy-duty farm trailers, manure spreaders, slurry tankers and light pasture equipment is weighing its options for manufacturing its products in the U.S.
Despite a strong showing in the final quarter (October – December) of 2010 and for the full year, Rocky Mountain Dealerships (RME) plans to scale back on buying any new dealers in the near term.
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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.