Titan Machinery, CNH Industrial’s largest ag equipment dealership group, reported a 6% gain in consolidated revenues for its second quarter of fiscal year 2020 ended July 31, 2019. The company also raised its outlook for fiscal 2020.
Cervus Equipment Corp., a 21 store John Deere dealership group, reported that overall revenue decreased 20% in the quarter, with reduced equipment sales in its Agricultural segment comprising the majority of the decrease.
According to the Assn. of Equipment Manufacturers’ latest sales figures covering the first half of the year, only mid-size tractor sales during the first 6 months of 2019 showed a deficit compared to the first 6 months of 2018.
Gross profit for the second quarter ended June 30, 2019, was $38.3 million, compared to $58.3 million in the comparable prior year period. Gross margin was 9.8% of net sales for the latest quarter, compared to 13.6% of net sales in the comparable prior year period.
Net income was $91 million in the second quarter of 2019, a decrease of $11 million compared to the second quarter of 2018 primarily attributable to pricing and the one-time credit loss provision releases incurred in 2018.
Net sales, net income and earnings per share were all at record levels for Alamo Group for the second quarter and for the first 6 months of 2019, both with and without the effects of the acquisition of Dutch Power.
According to RME, once seeding was completed, market sentiment turned sharply negative as a result of broad macro-economic and political uncertainty coupled with significantly reduced sales across all departments.
"With this and Blu-Jet-Unverferth news, there has been significant consolidation in strip-till market in recent weeks. When there are fewer than 15-20 and two consolidate, that’s notable," says Mike Lessiter, Editor of Farm Equipment.
Headquartered in Eldora, Iowa, USM is widely recognized as the leading manufacturer of long-lasting hammer mill components available to both OEMs and the after-market. The terms of the transaction were not disclosed.
Dealerships like yours are now using the power of online marketing tools to grow their businesses and tap into new markets. See how three dealers are bypassing marketing agencies and doing their own campaigns through Google and social media
At the 2026 Farm Progress Show, Colin Rush, Vice President of Sales and Marketing with Bourgault Industries, details the Canadian manufacturer's newly announced partnership with CNH.
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.
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