Stronger than expected sales of agricultural and light construction machinery was the basis for managers at Kubota to increase their forecast for year-end revenues.
Diversity in its product range and in the markets it serves proved beneficial to Kubota Corp. last year as buoyant sales of compact tractors to homeowners in North America offset a decline in mid-size tractor sales to farmers and helped drive up revenues from outside Japan.
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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.