Diversity in its product range and in the markets it serves proved beneficial to Kubota Corp. last year as buoyant sales of compact tractors to homeowners in North America offset a decline in mid-size tractor sales.
In Europe, the ag sector ended the year with "new-found dynamics," but Michel Denis, president and CEO, says his outlook for 2016 is tempered by less positive signals from North America.
Weakness in global markets for farm and construction equipment led to declines in sales and earnings for the company for the fourth quarter and full year.
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