Excluding the impact of our recently announced divestitures and recent changes in foreign exchange rates, our updated guidance reflects a projection of higher ARR growth, revenue and earnings," said Rob Painter, Trimble's president and chief executive officer.
“The read from investors is that higher global crop prices will spur more machinery demand in future years,” Barclays analyst Adam Seiden said in a March 22 interview with Bloomberg.
CNH Industrial’s autonomy game is getting a boost thanks to its acquisition of Raven Industries. The deal builds on a long-term partnership between the two companies and will enhance CNH’s position in the market by bringing autonomous and precision ag technology in-house.
We look at dealers outlook for sales in 2015, what changes in dealership valuations mean, the forecast for precision equipment sales next year and the latest earnings report from a number of companies.
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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.