Tag: ag equipment: Page 2

Dealers

AGCO posts 12.8% 3Q sales jump

Despite low market demand, AGCO is reporting net sales of about $2 billion– up by 12.8 percent for the third quarter of 2017 compared to the same period a year ago. AGCO, which makes and distributes the Massey Ferguson, Challenger, Fendt, Valtra and GSI brands of agricultural equipment, reported net income at 76 cents […]

November 9, 2017

Construction Equipment

Deere bringing machine learning to ag equipment with $305 million acquisition

John Deere has agreed to a tech-based acquisition focused on applying machine learning to its agriculture equipment. The company announced Wednesday evening that it has agreed to buy Sunnyvale, California-based Blue River Technology for $305 million. Blue River specializes in intelligent crop spraying equipment. This spraying equipment uses “computer vision” to see a crop and […]

September 6, 2017

Construction Equipment

Case unveils red limited edition skid steers, CTLs to honor 175th anniversary, agricultural roots

If you like your skid steers in a shade other than yellow, and you want to own a piece of history, Case has a machine for you. But you’ll probably need to act fast. In celebration of the heavy equipment manufacturer’s 175th anniversary, Case has unveiled a limited edition lineup of skid steer and compact track […]

May 3, 2017

Business

John Deere profits fall 40% in 2015; will cut 220 workers in Moline as low equipment demand is expected to continue

With decreased demand for both agriculture and construction equipment impacting the company, John Deere saw massive decreases in both profit and sales in fiscal year 2015. Deere sales fell 20 percent during the fiscal year, which ended Oct. 31, to $29 billion. Profit fell 40 percent to $1.940 billion, beating the company’s forecast which it dropped to $1.8 […]

December 1, 2015

Construction Equipment

CNH Industrial sales drop 24% in 3Q as company posts $128 million loss

Across the board declines continued for CNH Industrial in the third quarter, leading the company to decrease its sales forecast for the rest of the year. The company, which manufacturers the Case and New Holland brands of construction and agricultural equipment, saw sales drop 24 percent during the quarter to $5.85 billion. Consequently, the company […]

October 29, 2015

Business

CNH Industrial sales fall 10%, profit plummets in 2Q

CNH’s continued struggles with the global agricultural slowdown continued in the second quarter, compounded by decreased construction equipment sales. The company, manufacturer of the Case Construction and New Holland equipment brands, reported sales and revenues of $7 billion, down 10 percent from the same period in 2014. Profit plummeted 236 percent to $122 million. For the […]

August 4, 2015

Business

Liebherr to take over production of Claas Scorpion ag telehandlers under new deal

Under a new agreement between the two companies, Liebherr will begin manufacturing the Scorpion agricultural telehandlers for fellow European manufacturer Claas in 2018. Liebherr will take over manufacturing of the Scorpion from Kramer-Werke, a subsidiary of Wacker Neuson. Kramer and Claas have announced their partnership will conclude at the end of 2017. Kramer has manufactured the […]

June 30, 2015

Business

John Deere 1Q profit plummets 43% as ag slowdown continues; further declines expected

In recent years, as the effects of the recession were hammering the construction industry and the profit margins of heavy equipment manufacturers, John Deere posted 15 straight quarters of record earnings on the strength of its farm equipment sales. And now, as construction is fighting its way back, a global slowdown in the agricultural sector […]

February 22, 2015

Business

Sales fall again in 4Q as CNH Industrial posts 14% profit decline for 2014 on slumping farm demand

It wasn’t nearly as bad as the third quarter, but the fourth certainly wasn’t much better for CNH Industrial which saw sales declines across all equipment and vehicle segments. Sales for the company, makers of the Case Construction and New Holland equipment brands, fell 10 percent during the quarter to $8.4 billion. Despite the drop […]

January 29, 2015

Business

John Deere cuts 910 ag factory workers, adds 220 to construction equipment facilities

John Deere announced today that it would layoff 910 employees across five agricultural equipment factories in Iowa and Illinois as the company cuts costs in response to an ongoing global farming slowdown. The heavy equipment manufacturer said it would layoff 565 from three plants in Waterloo, Iowa, as well as 300 in Ankeny, Iowa and 45 […]

January 23, 2015

Business

John Deere cuts outlook as low demand for farm equipment drops profit 14% in 3Q

Despite improving performance from its construction and forestry equipment division, John Deere reported a second-straight quarter of declines in profit and sales as the company continues to deal with a lower demand for farm equipment. Construction and forestry equipment sales shot up 19 percent to $1.75 billion with operating profit soaring 81 percent to $194 […]

August 13, 2014

Business

CNH Industrial profit falls 33% in 1Q due to softer agriculture equipment demand

CNH Industrial, makers of the Case Construction and New Holland equipment brands, reported flat revenues during the first quarter of the year with a big decrease in profit due to softer sales of farming equipment. Revenues totaled $7.5 billion during the first quarter, down 0.1 percent from the first quarter of 2013. Net sales fell […]

May 8, 2014