- Fourth-quarter income rises 46% on 20% increase in sales and revenues; full-year income hits record $2.8 billion. - Broad-based improvement reflects significantly higher results from all divisions. - Healthy farm conditions, skillful execution of business plans drive performance. - Further improvement in sales and profit forecast for 2012.
This morning John Deere reported that sale for its Ag & Turf Division were up 18% in the 4Q of its fiscal year and 21% for the entire year primarily due to higher shipment volumes.
In spite of an unsettled global economy, demand for John Deere products is expected to experience substantial growth in fiscal year 2012 and the company is forecasting further increases in sales and earnings as a result.
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.
This morning, USDA National Agricultural Statistics Service (NASS) released its small grain summary for 2011, which showed that all wheat production fell by 9% compared to the 2010 harvest.
AGCO Corp. (AGCO), the world's third-largest maker of agricultural equipment, said North American demand hasn't peaked and may rise in 2012 because of higher commodity prices and a recovery in the dairy industry.
U.S. exports of agricultural machinery continued to grow in 2011 and ended the first half of the year with a gain of 15%, according to the Assn. of Equipment Manufacturers (AEM).
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at how the flooding in Texas will impact the ag industry and check in with some dealers in the region.
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.