On the heels of a 5.2% increase in revenues during its fiscal year 2015, Kubota Corp. says it plans to push ahead with further expansion into the large ag machinery market.
In a special report produced for investors, Ben Cherniavsky, analyst for Raymond James, takes a “deep dive” into the current structure of Canada’s equipment dealer networks and concludes that the distribution channels for farm and construction machinery needs to be streamlined.
A little over 3 years ago in February 2011, Deere & Co. Chairman and Chief Executive Samuel Allen said he wanted to deliver three times as much profit at normal operating volumes and to double the company’s annual sales to $50 billion by 2018 as part of his John Deere Strategy.
As a recent round of acquisitions illustrates, recovery in farm machinery markets has not come soon enough for some manufacturers although their financial difficulties have presented useful expansion opportunities for businesses with healthier balance sheets.
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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.