After struggling with shrinking sales and revenues since 2014, the Big 3 of ag equipment — AGCO Corp., CNH Industrial and Deere & Co. — each posted the strongest results they’ve seen in a while.
According to a Feb. 1 Bloomberg report, “CNH Industrial will work to strengthen its balance sheet this year before considering whether to separate its Iveco truck business from the company’s more profitable tractor division," Chief Executive Officer Richard Tobin said.
Net income was $313 million for the full year 2017 and includes a non-cash pre- and after- tax charge of $92 million due to the deconsolidation of CNH Industrial’s Venezuelan operations effective Dec. 31, 2017
Throughout the two days, CNH Industrial company leadership, New Holland brand leadership and their partners in the dealer network will work together to explore the areas in which the brand intends to strengthen its market representation in 2018.
On Thursday, Dec. 14, 2017, Judge Daniel Hovland, U.S. District Court for the District of North Dakota, granted the Assn. of Equipment Manufacturers’ (AEM) request for Preliminary Injunctive relief, which restricts the application of SB 2289 until the case can be fully litigated.
New Holland agricultural equipment including Round Balers, Small Square Balers, Pull-Type Forage Harvesters, Harvester Heads, Disc Mowers, Rakes and Spreaders are manufactured on site.
While Sergio Marchionne, chairman of CNH Industrial, which makes Case IH and New Holland farm equipment, has changed his mind on the future of electric vehicles, other farm equipment manufacturers are pushing ahead with the development of battery powered equipment.
Net sales of Industrial Activities were $6,331 million in the third quarter of 2017, up 15.9% compared to the third quarter of 2016. Net income was $57 million for the third quarter of 2017 and includes $53 million of restructuring charges as part of the company's Efficiency Program.
If you were to read through any of the major farm equipment manufacturers annual reports (also referred to as Form 10-K by the SEC), each of them refers to the businesses that sell their products as “independent dealers.” This would imply that those dealers are free to operate their businesses as they see fit. We all know this isn’t anywhere close to what’s actually taking place in the real world of the farm equipment business.
In this episode of On the Record, brought to you by Associated Equipment Distributors, Marc Johnson, principal with Pinion, provides 4 factors that will be important for dealers to watch in 2025 that will impact their business.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
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