For the second quarter of fiscal 2014, revenue increased 19.0% to $488.2 million from revenue of $410.1 million in the second quarter last year. All four of the Company's revenue sources-equipment, parts, service, and rental and others- contributed to this period-over-period revenue growth.
Case IH's largest equipment dealer reported revenue growth of 19% in the second quarter of its fiscal year this morning, but expects the rest of the current year to be increasingly difficult with shrinking equipment margins. As a result, Titan Machinery has reduced its revenue and income forecast for the remainder of this fiscal year.
In addition to Young's Equipment of Regina, Saskatchewan, and Bonneville and Madison County Implement, Idaho Falls, Idaho, being selected as Farm Equipment's 2009 Dealerships of the Year, four dealerships were also chosen as Best-in-Class dealers.
Rocky Mountain Dealerships Inc. ("Rocky"), announced today that it has entered into an agreement to purchase 100% of the issued and outstanding shares of MJ Solomon Ltd., operating as "Murray's Farm Supplies" ("Murray's").
Source: By Meghan Pierce, Union Leader Correspondent
The R.N. Johnson Inc. website proclaims it's one of the four oldest John Deere dealers in the world. That distinction ended on Monday when representatives from John Deere arrived at the Walpole business and ended their 84-year-old relationship.
Titan Machinery Inc. (Nasdaq:TITN), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal second quarter and first six months ended July 31, 2012. For the second quarter of fiscal 2013, revenue increased 31.9% to $410.1 million from revenue of $310.8 million in the second quarter last year.
This morning Deere & Co. reported an 11% increase in profits compared to the same period of 2011. The Co. posted net income of $788 million vs. $712.3 million a year ago. Total sales and revenues rose 15% to $9.59 billion.
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.
Montag is the industry’s innovative leader for precise, accurate metering of fertilizer, seed and other nutrients. The Montag system has become the standard for deep banding of fertilizer. Montag is also pioneering the technology for cover crop seed application. The new Cover Crop+ is able to meter the smallest seed, and can be mounted to tillage implements, combines, plus Hagie sprayers and detasselers.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.