For the second quarter of fiscal 2014, revenue increased 19.0% to $488.2 million from revenue of $410.1 million in the second quarter last year. All four of the Company's revenue sources-equipment, parts, service, and rental and others- contributed to this period-over-period revenue growth.
Case IH's largest equipment dealer reported revenue growth of 19% in the second quarter of its fiscal year this morning, but expects the rest of the current year to be increasingly difficult with shrinking equipment margins. As a result, Titan Machinery has reduced its revenue and income forecast for the remainder of this fiscal year.
Source: Reporting by Nick Zieminski, editing by Gerald E. McCormick, Dave Zimmerman
Microsoft Corp (MSFT.O) co-founder Bill Gates' investment vehicle Cascade Investment LLC has become the largest shareholder in farm machinery maker Deere & Co (DE.N), with a 5% stake, according to a regulatory filing.
It’s not the wholesale switch from Cummins to Fiat Powertrain Technologies (FPT) engines that has muted the characteristic exhaust bark of the latest Case IH and New Holland high-horsepower tractors, but rather the big air box that the gases now pass through.
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.