As the height of the pandemic fades, COVID-induced problems for the big farm equipment brands are starting to ease. Their sales numbers have seen a post-pandemic jump. Sales of utility […] Read more
Tag Archives profit
Profits up at agriculture equipment makers
Higher sales and profit margins boost the balance sheets of major agricultural implement makers
CNH raises revenue guidance on robust tractor demand
Price increases support profit margins
Milan | Reuters — Farm and construction equipment maker CNH Industrial on Friday raised its full-year revenue forecast as operating profit topped expectations in the first quarter, aided by a […] Read more
Olymel to exit lard business, shut plant
Packer's St. Hyacinthe facility to permanently close
Pork and poultry packer Olymel is set to close the further processing plant it operates in its home town in Quebec as it exits the lard production business. The company, […] Read more
Conagra tops profit, sales estimates even as consumers turn thrifty
Reuters — Conagra Brands beat quarterly sales and profit estimates on Thursday, boosted by higher prices for its Marie Callender’s and Slim Jim brands even as consumer demand wanes under […] Read more
CF Industries profit soars as sanctions raise fertilizer prices
Chicago | Reuters — CF Industries on Wednesday reported quarterly earnings climbed 485 per cent as the fertilizer maker ramped up U.S. shipments after Russia’s invasion of Ukraine catapulted prices […] Read more
Nutrien bolsters profit forecast on surging fertilizer prices
Fertilizer sector set for biggest profits in years
Reuters — Nutrien Ltd. on Monday raised its full-year earnings forecast well above estimates after posting a more than 10-fold jump in first-quarter profit, as the world’s largest fertilizer company […] Read more
CNH sees revenues rising to 2024 on precision agriculture plans
Margin at agricultural unit seen at 14.5 to 15.5 per cent
Milan | Reuters — Italian-American vehicle maker CNH Industrial on Tuesday gave guidance for a total revenue growth of up to 24 per cent through 2024 as it presented a […] Read more
Year-end profits up for CN, CP despite lower grain handles
Railways' ledgers weather drought, B.C. disasters
Both of Canada’s big two railways were able to improve their overall gross and net in 2021 over 2020 despite a yield-robbing drought and disastrous track and bridge washouts in […] Read more
U.S. packer profit margins jumped 300 per cent during pandemic, economists say
Increased costs don't explain higher profits, White House advisors say
Washington | Reuters — Four of the biggest meat-processing companies, using their market power in the highly consolidated U.S. market to drive up meat prices and underpay farmers, have tripled […] Read more
Aurora Cannabis revenue short of expectations on lower pot demand
Reuters — Aurora Cannabis on Monday missed Wall Street expectations for fourth-quarter revenue as pandemic-related restrictions weighed down consumer demand, leading Canadian provinces to cut orders. U.S.-listed shares of the […] Read more
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