Dairy equipment specialist Lely is expanding its North American operations in the wake of a “great year” in which the company celebrated its 70th birthday.
The agricultural and industrial tire business unit of Sweden’s Trelleborg Group increased sales and profitability last year as it continued to integrate CGS business and its Mitas agricultural products acquired mid-way through 2016.
Orchard tractor and OEM drivelines manufacturer continued on its recent growth trajectory in 2018, recording a 3% increase in revenues to €624 million ($703.6 million) despite a near 6% fall in tractor sales compared to the previous year.
Rocky Mountain Dealerships Inc., Canada's largest agriculture equipment dealer, reported its financial results for the 3 and 12 months ended Dec. 31, 2018.
Manitou Group, manufacturer of rough terrain handling equipment for agriculture and construction, posted year-over-year sales revenue growth of 18% during 2018.
Off-road tire and wheel maker, Titan International, posted a 9.1% gain in net sales in 2018 vs. 2017, with net sales for the full year 2018 at $1.6 billion.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.