An 8.8% increase in revenues from sales of engines for agricultural equipment contributed to a near 6% overall improvement for off-road engine maker Deutz in the first half of 2019, despite a 3.4% reduction in sales of all engine types from 105,201 to 101,591 units.
Kubota has reported a more than 7% increase in consolidated group revenues from tractor, farm equipment and engine sales in the first half of 2019, reflecting a similar increase generated across all product and service activities of Y64.6 billion ($610 million) to Y970.8 billion ($9.1 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.