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Titan Machinery Posts Big 1QFY21 Revenue Gains; Total Revenue Up 11.5%, Ag Rises 26%

May 28, 2020 | Posted in Earnings Reports

Titan Machinery Inc. (Nasdaq: TITN) reported financial results for the fiscal first quarter ended April 30, 2020, which included first quarter revenues of $310.2 million compared to $278.3 million in the same period a year earlier.

North American Farm Equipment Sales Mixed in January

February 12, 2019 | Posted in Equipment & Equipment Sales

January 2019 saw increases in U.S. sales of self-propelled combines and 4WlD tractors as well as total U.S. 2WD tractor sales compared to January last year, according to the latest data from the Assn. of Equipment Manufacturers (AEM).

Dealer Inventory Levels, Used Pricing Continues to Stabilize

February 11, 2018 | Posted in Equipment & Equipment Sales

While more optimistic than they were a year ago, North American farm equipment dealers continue to acknowledge that booming machinery sales in 2018 probably isn’t in the offing. But the fact that their wholegoods inventory levels have improved significantly from a year ago is creating a more level playing field in which to operate.

4WD Tractor Sales Up 27% in December

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

Sales of large 4WD tractors finished 2017 on a high note, but other big ag equipment — row-crop tractors and combines — ended the sales year in “flat” fashion, according to the latest figures released by the Assn. of Equipment Manufacturers.

After Strong 9 Months of Sales, Kubota Ups Full-Year Outlook

November 1, 2017 | Posted in Data & Trends, Mergers & Acquisitions

Stronger than expected sales of agricultural and light construction machinery was the basis for managers at Kubota to increase their forecast for year-end revenues.

July WASDE Called ‘Neutral’ for Farm Machinery Sales

July 1, 2016 | Posted in Data & Trends

With July weather being a critical factor in overall crop production trends, industry observers rated the report “mixed” or “neutral” for sales of farm equipment.

U.S. Exports of Ag Equipment Fall in 1Q

June 1, 2015

The fall off in worldwide farm machinery sales has shown up in the export of U.S.-made ag equipment, according to a June 5 report from the Assn. of Equipment Manufacturers.

After 4-Year Run Up, Worldwide Farm Machinery Sales Expected to Slow in 2014

June 1, 2014 | Posted in Data & Trends, Equipment & Equipment Sales

After averaging an annual growth rate of 11% since 2009, worldwide ag equipment sales are expected to take a breather this year, according to Frankfurt, Germany-based VDMA Agricultural Machinery Assn.

Russian Wheat Crisis Not Likely to Impact Equipment Sales this Year

August 1, 2010 | Posted in Equipment & Equipment Sales

The impact of the rapid escalation of wheat prices on the sale of farm machinery will not be felt in 2010, according to Robert McCarthy, machinery analyst for RW Baird.

Corn Ethanol Continues to Fuel Corn Demand & Machinery Sales, But Challenges are Mounting

July 1, 2010 | Posted in Biofuels

With ethanol using slightly more than one-third of all corn produced in the U.S., it has been the single largest factor in rising prices for corn in recent years.

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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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