AGCO, (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, reported net sales of approximately $2.3 billion for the first quarter of 2014, a decrease of approximately 2.9% compared to net sales of $2.4 billion for the first quarter of 2013.
Despite a decline in quarterly revenues, the company's shares rose 14.8% on the day to $18.14. It beat Capital IQ fourth quarter fourth quarter EPS estimates of 20 cents per share by 15 cents, reporting an EPS of 35 cents for the quarter.
AGCO (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, reported net sales of approximately $2.9 billion during the fourth quarter of 2013, an increase of approximately 5.8% compared to net sales of $2.7 billion for the fourth quarter of 2012.
Yesterday, USDA reported 66% of the corn crop is in good or excellent condition, down 2% from last week's 68%, but a big improvement over last year's 31%.
Compared to last year at this time, the condition of the corn and soybean crops are in better shape this year, while winter and spring wheat appear to be holding their own, according to yesterday's USDA Crop Progress report.
The Equipment Leasing and Finance Association (ELFA) which represents the $725 billion equipment finance sector, today revealed its Top 10 Equipment Acquisition Trends for 2013.
Rocky Mountain Dealerships Inc. ("Rocky"), announced today that it has entered into an agreement to purchase 100% of the issued and outstanding shares of MJ Solomon Ltd., operating as "Murray's Farm Supplies" ("Murray's").
Source: By Meghan Pierce, Union Leader Correspondent
The R.N. Johnson Inc. website proclaims it's one of the four oldest John Deere dealers in the world. That distinction ended on Monday when representatives from John Deere arrived at the Walpole business and ended their 84-year-old relationship.
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.