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Late Spring Impacts Titan Machinery Sales, But Operational Execution Solidifies Its Bottom Line

June 1, 2018 | Posted in Data & Trends, Mergers & Acquisitions

Like other equipment dealers in the North Central U.S. and Western Canada, the late spring impacted Titan Machinery’s fiscal year 2019 first quarter sales.

AGI More Than Doubles Equipment Sales Since 2013

June 1, 2018 | Posted in Data & Trends

Farm and commercial grain storage equipment manufacturer Ag Growth International lived up to its name in 2017 by recording increased sales and profitability as the farm sector in North America improved and the Canadian group continued to gain ground in export markets further afield.

Sales Spike Sets Tone for AGCO’s 1Q18

May 1, 2018 | Posted in Data & Trends, Earnings Reports, Mergers & Acquisitions

For the first quarter of 2018, AGCO raked in $2 billion in net sales, a 23.3% increase compared to the same 3 month period the year prior. And with the stage set, the company expects sales to reach around $9.3 billion by the year’s end.

Large Ag Equipment Sales Grow 2%

May 1, 2018 | Posted in Data & Trends, Equipment & Equipment Sales, Mergers & Acquisitions

North American large ag equipment unit sales were mixed in April, with overall unit sales up 2% year-over-year. Both U.S. and Canada had growth in combine sales (U.S. +59%), but that was partially offset by declines in 4WD tractors (Canada –28%) and row-crop tractors, according to the latest numbers released by the Assn. of Equipment Manufacturers.

India’s Sonalika Reports Sales of 100,000 Tractors in FY18

April 1, 2018 | Posted in Data & Trends, Equipment & Equipment Sales, Mergers & Acquisitions

Sonalika International Tractors Limited (ITL), one of India’s leading tractor manufacturers, recorded an increase of 22% in tractors sales to 100,000 units in fiscal year 2018. This compares to 81,531 units registered in the previous year, which was an increase of 19.6%.

Lemken Records Double-Digit Growth in 2017

March 1, 2018 | Posted in Mergers & Acquisitions

With particular focus on tine and short disc cultivators for fast, shallow tillage, Lemken’s operations in the U.S. and Canada, based in West Fargo, N.D., and St-Hyacinthe, Que., respectively, recorded double-digit sales growth in 2017.

Amazone Sales Increased Nearly 13% in 2017; Expect More of the Same This Year

March 1, 2018 | Posted in Earnings Reports, Equipment & Equipment Sales, Mergers & Acquisitions

A noteworthy 12.6% increase in 2017 sales turnover was posted by German agricultural equipment manufacturer Amazone and managers say market indicators give them confidence to predict further growth this year.

Kuhn Expects 2017 Sale Upturn to Continue in 2018

March 1, 2018 | Posted in Mergers & Acquisitions

After 3 difficult years, a clear recovery has taken hold in the markets served by Kuhn, the largest business unit of the Swiss engineering group Bucher Industries.

Kuhn and Claas Expanding in Russia

February 1, 2018 | Posted in Mergers & Acquisitions

A revived agricultural machinery market in Russia is attracting further investment from Claas, while Kuhn also looks to upgrade its presence in the country.

Krone Posts 2.3% Gain in Ag Sales for FY2017

January 1, 2018 | Posted in Mergers & Acquisitions

Forage equipment specialist Krone beat its own cautious expectations by racking up another 12 months of sales revenue growth in its financial year to the end of July 2017.

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.

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