David Meyer, Titan Machinery's Chairman and chief executive officer, stated, "We exceeded our third quarter top-line expectations due to strong parts and service performance in our Agriculture segment and better than anticipated equipment sales in our Construction and International segments."
Rocky Mountain Dealerships (RME), Case IH’s largest Canadian dealership, posted a 10% uptick in overall sales during the second quarter of 2020. The gain was attributed to unusually strong sales of used equipment and solid product support revenues. Overall, RME’s second quarter results surpassed analysts’ expectations.
The dealer network reported total sales of $134 million dollars in the first quarter of 2020, down $44 million compared to $178 million reported in the first quarter of 2019, a decline of 25%.
Despite seeing a slowdown in the fourth quarter of its fiscal 2020 period, annual revenues were up 3.5% on strong aftermarket results, as parts sales rose 11.1% and service grew by 14.2%. Overall, equipment sales increased by about slightly under 1%.
High Plains Equipment based in Devils Lake, N.D., has acquired Erickson Implement’s location in Carrington, N.D. Both are Case IH equipment dealerships.
Rocky Mountain Dealerships Inc., Canada's largest agriculture equipment dealer, reported its financial results for the 3 and 12 months ended Dec. 31, 2018.
Driven by stronger-than-expected construction results and strong parts and service demand, Titan Machinery, the largest Case IH dealer in North America with 91 locations, easily surpassed analysts’ estimates in its fiscal third quarter of 2012.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.