Revenue for the quarter was C$76.6 million, up C$12.5 million from the prior year third quarter. Revenue for the first nine months of 2020 was C$185.7 million, up C$6.1 million from 2019.
Regardless of tillage practices, no growers were safe from last year’s weather. With the summer’s moisture sticking around into the fall (and in some places into the winter), many growers missed crucial fall tillage to get their seedbeds ready.
Following last year’s weather problems, dealers will likely see growers leaning into a variety of tillage practices to catch up where last year put them behind. Manufacturers share what they expect to see.
The 2019 planting season wasn’t kind to growers in North America. Overly wet conditions plagued them at every turn, which for many created tough working conditions in their fields.
Buhler Industries, the manufacturer of the Versatile and Farm King line of agriculture equipment, reported its year-end earnings on Dec. 30, 2019. Revenue for the year was $229.1 million, down $58.9 million or 25.7% from sales of $288.0 million in 2018.
Versatile introduced its new Nemesis tractor lineup to the U.S. market during the Farm Progress Show in Decatur, Ill. The series, launching in the 175-210 horsepower range, is a more fully featured offering aimed at capturing a new segment of mid-range customers. The series will have a limited spring production and full production is expected in the fall.
Sales for the quarter was $74.6 million, an improvement of $27.5 million over the first quarter
of 2017. Sales to the North American market were amongst the best first quarters in company
history.
Buhler Industries, manufacturer of the Versatile tractor line and other farm machinery, said its sales for the year were up 13.5% to $248 million compared with $218 million the previous year.
David Meyer, Titan Machinery’s CEO, walked attendees at Titan Machinery Investor Day in New York’s NASDAQ building on December 12, 2017, through personal history and founding of the company, up through 2007 when the firm went public.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
Since 1980, A&I Products has become a leading manufacturer and wholesale distributor of aftermarket replacement parts for the agricultural, turf, and industrial equipment markets. A&I Products' experience and expertise has greatly contributed to the company's reputation as a top supplier of quality, reasonably priced parts. Founded with roots as a small machine shop and repair facility, the company made the transition by manufacturing new parts to replace those that were identified as commonly needing repair. Throughout the 1980s, the company quickly garnered a reputation for offering quality parts at a reasonable price.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.