Revenue for the quarter was $51.2 million, up 4% from $49.2 million in the first quarter of 2020. The company's increase in sales levels is the result of increased export demand for its farm equipment.
Due to positive customer response, Summers Manufacturing has decided to indefinitely continue its 10-year limited warranty program on all new land roller equipment purchases. The warranty applies to both hydraulic fold and trail type Summers SuperRollers.
Consolidated net sales totaled $22,409,000 for the 2020 fiscal year, which represents a 2.1% decrease from consolidated net sales of $22,889,000 for the 2019 fiscal year.
According to a report from AgriLand, Deere has extended its pause on attending trade shows and will not present at Agritechnica 2021, which is set to take place in Hanover, Germany, from Nov. 14-20, 2021.
AGCO reported net sales of approximately $2.7 billion for the fourth quarter of 2020, an increase of approximately 8.1% compared to the fourth quarter of 2019.
CNH Industrial reported strong results for the fourth quarter of 2020, with consolidated revenues of $8.5 billion (up 10%) and adjusted EBIT of Industrial Activities of $520 million (up 73%).
Despite initially planning to continue the shows this March, the ongoing uncertainty surrounding the COVID-19 pandemic has led show management to make the difficult decision to postpone events until next year.
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.
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.