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

July 30, 2020 | Posted in Manufacturer News

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.

Ag Economic Outlook: The Impact of COVID-19 on the Remainder of 2020

June 10, 2020 | Posted in Data & Forecasts

Back in February, the U.S. Department of Agriculture (USDA) was projecting a $3.1 billion increase in net farm income this year. Then COVID-19 emerged. Now, a private forecast from the Food & Agriculture Policy Research Institute estimates farm income to drop roughly 11% from the USDA's original projection.

Titan Machinery Posts Big 1QFY21 Revenue Gains; Total Revenue Up 11.5%, Ag Rises 26%

May 28, 2020 | Posted in Dealer News

Titan Machinery Inc. (Nasdaq: TITN) reported financial results for the fiscal first quarter ended April 30, 2020, which included first quarter revenues of $310.2 million compared to $278.3 million in the same period a year earlier.

Cervus Equipment 1Q20 Revenues Rise 9%; Ag Up 8%

May 15, 2020 | Posted in Dealer News

Cervus Equipment, John Deere’s largest ag equipment dealership group in Canada, posted strong results for the first quarter of 2020 ended March 31. The company reported new equipment revenue increased 21% in the first quarter of 2020 compared to the same quarter of 2019.

Rocky Mountain Dealerships’ 4Q19 and Full Year Sales Fall 26%

March 11, 2020 | Posted in Dealer News

Rocky Mountain Dealerships (RME) reported on March 11 that its fourth quarter 2019 sales declined 26%, which was just slightly better than full year results that saw sales drop by 26.3%.

Deere’s FY1Q20 Net Sales Drop, But Net Income Improves

February 21, 2020 | Posted in Manufacturer News

Deere & Co. reported that its worldwide net sales and revenues decreased 4% in the first quarter of 2020, ended Feb. 2, to $7.63 billion. Net sales of the company’s equipment operations were $6.53 billion for the quarter, compared with $6.94 billion in 2019; a decline of 6%.

Mahindra’s Tractor Sales Fall 19% in November

December 2, 2019 | Posted in Manufacturer News

Indian tractor maker Mahindra reported that it had sold 21,032 units during November 2019, down by 19% from 25,949 units in November 2018.

Deere’s 4Q19 Net Sales Rise 5%, Ag Up 3%; Expects Lower Sales in FY2020

November 27, 2019 | Posted in Manufacturer News

Deere & Co. reported net income of $722 million for the fourth quarter ended Nov. 3, 2019, compared with net income of $785 million for the quarter ended Oct. 28, 2018. For fiscal 2019, net income attributable to Deere & Co. was $3.253 billion compared with $2.368 billion in 2018.

Solid U.S., International Sales Boosts Ag Growth International’s 3Q19 Results

November 15, 2019 | Posted in Manufacturer News

Winnipeg-based Ag Growth International (AFN:TSX) reported a 7% increase in total trade sales for the third quarter 2019.

Cervus Equipment’s 3Q19 Revenues Decline 19%; Ag Down 28%

November 8, 2019 | Posted in Manufacturer News

Calgary-based Cervus Equipment, one of John Deere’s largest ag equipment retailers with 36 store locations, reported that its consolidated revenue for the third quarter of 2019 ended Sept. 30 declined by 19% year-over-year.

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