Gross margin improved in the quarter versus the second quarter of 2022 by $18.4 million or 18.4%.

Steve Cook will lead the wheel manufacturer's strategic alignment with global customers and resulting growth drive.

"We think limiting how much we increase it [pricing] is probably the right thing to do at this point,” says Scott Wine, CEO of CNH Industrial, in an article in Crain's Chicago Business.

The company reported diluted earnings per share up $4.21 year-over-year, which Valmont said was a record.

The company's net income was up 29% from the same period last year. Diluted EPS saw 30% year-over-year growth. Net sales of ag equipment grew by 4% year-over-year.

Through a series of initiatives, including the sale of underutilized assets earlier in the year, Buhler Industries has solidified its financial foundation by securing sufficient capital for current operational needs.

The company raised is outlook regarding full-year sales, operating margin and earnings per share.