Manufacturer News

CNH Industrial Revenue Drops 26%; Ag Sales Fall 18%

CNH Industrial posted consolidated revenues of $5.6 billion in the second quarter of 2020, down 26% compared to the second quarter of 2019. In total, consolidated revenues were $5.6 billion for the second quarter of the current year, down 26% year-over-year compared to the second quarter of 2019.
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AGCO 2Q20 Net Sales Fall 17%

AGCO posted net sales of about $2 billion during the second quarter of 2020, down approximately 17.2% vs. the same period a year earlier. Net sales for the second quarter were approximately $2 billion, a decrease of approximately 17.2% compared to the second quarter of 2019.
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Husqvarna Reports Adjusted Net Sales Up 3% in 2Q20

Net sales grew by 3% when adjusting for Consumer Brands exits and changes in exchange rates. The company achieved growth in key categories such as watering, robotics & battery, handheld products and aftermarket & accessories. Husqvarna Division's adjusted net sales decreased by 2% in the quarter, but showed strong growth in June.
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Rite Way Acquires Morris Industries

According to a report from Farm Weekly, Rite Way has signed an agreement to take over full ownership of Morris Industries. This follows Morris Industries' entering into creditor protection in January of this year, when the company announced it planned to downsize due to a "liquidity crisis."
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