Deere & Co cut the lower end of its annual profit forecast on Thursday but topped Wall Street expectations for second-quarter results aided by cost-saving measures and inventory management, sending its shares up five per cent.
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Tag Archives machinery
Deere tops second-quarter estimates, trims annual profit forecast
Shares up five per cent
CNH Industrial lowers annual profit forecast on softening equipment demand
Farm and construction equipment maker CNH Industrial on Thursday slashed its annual profit forecast, hurt by subdued demand for its machines amid economic uncertainty triggered by U.S. President Donald Trump’s sweeping tariffs.
SDF to build low-horsepower tractors under Massey brand
Agco and SDF partner to expand MF tractor offerings up to 85 horsepower
Agco announced Wednesday that it and Italy-based SDF (Same-Deutz-Fahr) have signed a supply agreement. SDF will build a low-horsepower range of utility tractors for Agco’s Massey Ferguson brand.
Buhler Industries going private
Winnipeg tractor and implement maker will be delisted from the TSX
Winnipeg's Buhler Industries, which makes Versatile tractors, Farm King augers, and other farm implements, will be privately owned by a Turkish firm under a proposed deal.
Momentum planters offer features to reduce compaction, improve efficiency
Planters chosen for a 2025 AE50 engineering award for innovative technology
The Momentums are designed to have a relatively light footprint to minimize soil compaction. One of the features behind that is Fendt’s Weight Logic system, which distributes the implement’s overall weight more evenly across all tires.
Is the right to repair farm equipment a cybersecurity problem?
Farm equipment brands should be proactive about allowing controlled CPU access, security expert says
With rising cybersecurity threats, farm machinery brands have to protect their systems, but farmers want more access to the cab computer and argue for the right to repair their own equipment.
Canadian farm equipment sales projected to slump in 2025
Farm machinery sales are forecast to decline for the remainder of the year and into the next. New equipment sales are expected to be soft as farmers face low commodity prices, high equipment prices and lower profits, though the decline in 2025 is expected to be less severe than in 2024. Sales of 4WD tractors are projected to stay above the five-year average.
Deere forecasts weak annual profit as farm incomes sag
Deere & Co forecasted lower-than-expected 2025 profit on Thursday, as slumping farm incomes and inflationary pressures affect demand for the company's tractors and other agricultural equipment.
CNH Industrial shares fall after third-quarter profit miss, forecast cut
Shares of CNH Industrial fell more than 10 per cent premarket on Friday, after the farm and construction equipment maker missed third-quarter profit estimates and cut its 2024 profit forecast due to weak demand and reduced dealer inventory requirements.
VIDEO: ‘Made in Italy’ aims to grow farm equipment presence in Canada
At Canada’s Outdoor Farm Show last month, a group representing Italian companies visited the Woodstock, Ontario farm site during the show. The stop was part of the group’s Italy AgTech Roadshow that toured in Ontario and Quebec to get a first-hand look at what agriculture in the two provinces looked like, and what opportunities there […] Read more
Cyber-Savvy Farmer
