Overseas revenue increased by $1.3 billion (+41.8%) from the same period in the prior year to $4.4 billion because of increased revenue in Farm & Industrial Machinery and Water & Environment.
In its earnings report for its second quarter earnings of 2022, Kubota reported $9.5 billion in revenue, up 14.4% from $8.3 billion earned in the first half of last year.
Revenue in the company's Farm Equipment & Industrial Machinery segment increased by 12.4% from the same period in the prior year to $3.9 billion and accounted for 84.2% of consolidated revenue.
Domestic revenue increased by $66 million (+1.3%) from the prior year to $5.2 billion because of increased revenue in Farm & Industrial Machinery mainly due to increased sales of farm equipment, despite a decrease in revenue in Water & Environment and Other.
The rapid growth of emerging markets worldwide is creating unprecedented demand for farm machinery, according to the Agrievolution Alliance, a global alliance of agriculture equipment manufacturing associations.
The Agrievolution Alliance announces that Japan has joined the alliance and is the 12th member of this global coalition of agricultural equipment manufacturing associations. The alliance has a full agenda of cooperative projects, including a new “global impact statement.� The Agrievolution Alliance works to advance agricultural interests worldwide and strengthen global understanding of agriculture machinery’s vital role in sustaining a growing world population.
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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