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.
On July 9, Art’s Way Mfg. reported consolidated sales for the 3 months and 6 months ended May 31, 2020 were $5,446,000 and $10,472,000, respectively, compared to $5,747,000 and $9,871,000 during the same respective periods in fiscal 2019.
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."
According to a report from ETAuto, Mahindra reported a 10% increase last month in total tractor sales, moving 36,544 tractors compared to 33,094 in the same month last year.
According to a report from the Milwaukee Journal Sentinel, as part of the company's moving of some production to New York from its Wauwatosa, Wis., facility, 208 employees will be laid off at the end of August.
According to a report from the Milwaukee Journal Sentinel, Briggs & Stratton plans to move some production from its Wauwatosa, Wis., facility to New York by the end of August. This includes production of its lawn tractor and residential zero-turn mower.
Team Tractor Ranch (Team Tractor Corp.) of Phoenix, Ariz. has been appointed by TYM America to be the Authorized TYM Tractor and Equipment Dealer in the western U.S., primarily focusing on the markets Arizona, New Mexico and Southern California.
According to a report from Quad-City Times, Deere announced it has enacted another round of buyouts for its salaried U.S. employees. It was noted in the announcement that Deere could enact further reductions, including layoffs, before the buyout program comes into effect.
According to a report from Yonhap News Agency, Doosan Bobcat reported 1,400 compact tractors sold in the Jan.-May 2020 period, nearly half of its 3,000 tractor goal for the year.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at the implications Deere's settlement with the FTC has on the broader industry.
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.
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