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Tag: agricultural equipment: Page 2
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 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 up 10% despite sales declines in construction and ag equipment
A slight increase in revenues boosted profit 10 percent at CNH Industrial during the second quarter of the year as sales gains in the company’s powertrain segment offset decreases in both construction and agriculture equipment. CNH, makers of the Case Construction and New Holland equipment brands, saw revenues rise to $8.9 billion, up 0.9 percent from the […]
August 4, 2014
Equipment
New Kohler diesel engines bypass DPF solution
Applying “tried-and-true technologies from the on-road diesel marketplace,” Kohler and sister engine brand Lombardini have developed a new family of Tier 4 Final emissions-compliant power solutions that avoid the use of particulate filters. In advance of the various 2013 worldwide emissions requirements, the result will be industrial, agricultural, landscaping or even smaller construction equipment powered […]
October 25, 2011
Construction Equipment
Ritchie Bros sets area records at St. Louis auction
Ritchie Bros. Auctioneers set St. Louis area records for gross auction proceeds, number of registered bidders and lots sold at its June 29 grand opening auction in Caseyville, Illinois. The company grossed almost $19 million at the auction and registered more than 1,700 bidders from 32 countries, 47 U.S. states and nine Canadian provinces. The […]
July 15, 2010
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