While there are fewer “big” North American farm equipment dealer-principals or ownership groups at this point in 2018 than there were a year ago — 189 vs. 193 — this in no way signals a slowdown in dealer consolidation trends of the past decade.
Following a record year for sales in 2017, tillage, seeding and planting equipment specialist Horsch has started 2018 with a buoyant order book and investment in a North American trials and demonstration site.
After struggling with shrinking sales and revenues since 2014, the Big 3 of ag equipment — AGCO Corp., CNH Industrial and Deere & Co. — each posted the strongest results they’ve seen in a while.
Company increases revenue, net income and diluted EPS guidance range for fiscal 2012; First quarter revenue increased 55% to $318 million and earnings per diluted share grew to $0.40; Company continues to execute on acquisition growth strategy with five acquisitions.
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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.