CNH Global NV, which makes Case and New Holland tractors for farmers and builders, said had a loss in the second quarter as weak demand offset cost cuts and lower production.
For the quarter, CNH's net sales increased 30% (26% on a constant currency basis) to $4.6 billion as agricultural equipment markets continue to perform well across the Group's geographical portfolio and the construction equipment market continues its recovery.
AGCO, (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, reported net sales of $2.1 billion for the third quarter of 2011, an increase of 26.7% compared to net sales of $1.7 billion for the third quarter of 2010.
For the fourth quarter ended December 31, 2010, Hemisphere GPS reported $12.2 million in revenues, compared to $12.1 million recorded in the fourth quarter of 2009.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at CNH Industrial’s goals for growing its precision business by 2030.
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