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Ag Equipment Intelligence

CNH Improves 2Q Net Profit, But Flattens Forecast

On July 21, CNH Global, parent company of Case IH, Case Construction and New Holland Agriculture and Construction, reported net profit of $144 million, or 60 cents a share, compared with a loss of $67 million, or 28 cents a share, in the second quarter of 2009.
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Ag Equipment Intelligence

Canadian Dealerships Show Mixed Results in 1Q

Two publicly held Canadian dealerships — Cervus Equipment Corp. (“CVL” – John Deere) and Rocky Mountain Dealerships (“RME” – Case IH & New Holland) — issued first-quarter earnings reports on May 11. According to Raymond James Ltd. analyst Ben Cherniavsky, one hit the mark while the other didn’t live up to expectations.
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