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Doosan Robotics to Merge with Doosan Bobcat

July 25, 2024 | Posted in Mergers & Acquisitions, Technology

It's "a move aimed at prodding Bobcat to take an active role in expanding Doosan Group's business through M&As, for which Doosan Group is willing to spend several billion dollars."

Doosan Bobcat Reports Revenue Up 33% in 3Q22

November 12, 2022 | Posted in Earnings Reports

According to Doosan Bobcat's 3Q22 earnings report, the manufacturer brought in $1.8 billion in revenue in its third quarter 2022, up 33.2% year-over-year.

Doosan Bobcat Plant in North Dakota Votes to Unionize

October 3, 2022 | Posted in Ag Equipment Business

According to a Sept. 29 press release from United Steel Workers (USW), 700 Bobcat employees at the company's Bismarck, N.D., facility have voted to unionize.

Doosan Bobcat Reports 2Q21 Sales Up 45.2% Year-Over-Year

July 28, 2021 | Posted in Earnings Reports

In its 2Q21 earnings report, Doosan Bobcat reported sales revenue grew 45.2% year-over-year on the back of an increase in demand following economic recovery in major markets.

Doosan Bobcat Invests in Telescopic Handler Sales Growth

June 15, 2021 | Posted in Ag Equipment Business

The launch of a new R-Series range of compact and full-size telescopic handlers marks the beginning of Doosan Bobcat’s campaign to double its sales of these machines into worldwide agricultural and construction markets over the next 5 years.

Doosan Bobcat Enters European Wheeled Loader Market

May 14, 2021 | Posted in Ag Equipment Worldwide

Doosan Bobcat’s entry into the European compact wheeled loader market has kicked off with the first Bobcat L85 model coming off the production line at the company’s European headquarters, engineering and assembly operations in the Czech Republic.

Doosan Bobcat Reports FY20 Sales Down 6.2%

February 8, 2021 | Posted in Earnings Reports

According to its latest earnings report, Doosan Bobcat saw 2020 sales of $3.6 billion, down 6.2% from $3.9 billion in 2019. Earnings before interest and taxes (EBIT) was $334 million in 2020, an 18.4% decrease from $409 million in 2019. Net profit was also down last year, coming in at $210 million vs. $233 million in 2019.

Bobcat Reports Unit Sales Half Way to Year-End Goal

June 23, 2020 | Posted in Equipment & Equipment Sales

According to a report from Yonhap News Agency, Doosan Bobcat reported 1,400 compact tractors sold in the Jan.-May 2020 period, nearly half of its 3,000 tractor goal for the year.

Doosan Group to Sell Stake in Doosan Infracore; Pressure to Sell Doosan Bobcat

June 16, 2020 | Posted in Ag Equipment Worldwide

According to a report from The Korea Times, Doosan Group has put up its share of Doosan Infracore for sale. This has been interpreted as a way for the group to maintain control of Doosan Bobcat amid financial trouble.

Doosan Bobcat Reports Record Revenue for Europe-Based Operations

April 28, 2020 | Posted in Earnings Reports

Based in a new $10 million headquarters at its Dobris plant in the Czech Republic, Doosan Bobcat EMEA recorded a 12.8% increase in revenues from €765 million ($732 million) in 2018 to €863 million ($936 million) last year.

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