Lely Group turnover from sales of robotic milking and feeding equipment, and associated dairy herd management systems, bounced back with a vengeance last year. The company said it recorded a remarkable 46% increase in revenues over the 12 month period to the end of December.
Ag equipment businesses with a rich heritage and an enthusiastic following should milk these assets for all they are worth, judging by the impact of a special run of Versatile tractors that helped Buhler Industries increase sales revenues last year when most manufacturers experienced a decline.
A dropoff in equipment sales didn’t deter Versatile managers from their sustained focus on expanding the Versatile dealer network and enhancing Farm King dealer resources, which characterized Buhler Industries’ 2013-14 fiscal year ended September.
Strong margins, diligent expense control and favorable exchange rates contributed to record earnings at Bühler Industries last year, despite a drop in sales revenues.
While improving year-over-year revenues by 16.1%, Lindsay Corp.’s weak domestic sales of irrigation systems appears to setting the tone for continuing soft business levels going into its new fiscal year.
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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.