Reading Time: < 1 minute 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.
Deere tops second-quarter estimates, trims annual profit forecast
Shares up five per cent
CNH Industrial names James Nickolas as CFO
Reading Time: < 1 minute Tractor maker CNH Industrial on Thursday named James Nickolas as its new chief financial officer, succeeding company veteran Oddone Incisa.
CNH Industrial forecasts lower FY profits on declining agriculture, construction equipment sales
Reading Time: < 1 minute Reuters – CNH Industrial CNH.N on Tuesday forecast 2025 profit below Wall Street’s estimates, as it expects sales to be lower year-over-year in both its agriculture and construction equipment markets in 2025, sending its shares down 3.7 per cent before the bell. The Basildon, UK-based company expects 2025 adjusted earnings to be in the range […] Read more
CNH Industrial lowers profit forecast on slow demand for farming products
Reading Time: 2 minutes Farm and construction equipment maker CNH Industrial on Wednesday lowered its 2024 profit forecast for the second time, as slowing demand for its tractors and combines keeps hopes for a recovery in the second half of the year muted.
CNH Industrial cuts 2024 profit view as soft agriculture demand bites
Reading Time: 2 minutes CNH Industrial cut its annual profit forecast on Thursday, squeezed by slowing demand for its tractors and farm equipment as choppy crop prices and higher borrowing costs hinder farmers from making big-ticket farming purchases.
CNH shows off its new farm tech
Technology day event gives a glimpse of what’s to come from its brands
Reading Time: 6 minutes We are in a difficult world,” said Scott Wine, CEO of CNH Industrial, as he took the stage to welcome a group of journalists to the company’s Technology Day near Phoenix, Arizona, last fall. “It’s brutal out there.” He was referring to a number of pressures manufacturers are feeling from global concerns affecting all brands […] Read more
Virtual testing for real world conditions
Manufacturers turn to computer technology to validate new machine designs
Reading Time: 6 minutes A few years ago I was interviewing a retired engineer who had worked at Massey Ferguson. We were talking about his involvement in testing prototypes, and he recalled how a group of employees would have to take shifts running newly designed machines over the “bump track” behind the engineering centre. That was a track with […] Read more
Foxconn to build autonomous electric tractors in Ohio
Tech firm to make units for U.S.-based Monarch
Reading Time: < 1 minute Reuters — Taiwan’s Foxconn, the world’s largest contract electronics maker, on Tuesday said it will build driverless electric tractors for California-based Monarch Tractor at its Lordstown, Ohio facility starting in early 2023. The announcement comes as heavy machinery manufacturers, including Deere and Agco, set their sights on the electric vehicle market as the U.S. agriculture […] Read more
CNH Industrial beats profit estimates, confirms outlook despite recession fears
Reading Time: 2 minutes Milan | Reuters – Agricultural and construction machine maker CNH Industrial CNHI.MI beat estimates on Friday with a 14 percent rise in industrial operating profit in the second quarter and confirmed its full year outlook despite bracing for a global recession. “Whether we face a global recession in 2023 is up for debate, but we […] Read more
CNH buys spray boom manufacturing capacity
Specialty Enterprises has supplied Case IH with booms
Reading Time: < 1 minute A Wisconsin company that has supplied aluminum spray booms for Case IH sprayer product lines has been brought in-house. CNH Industrial, owner of the Case IH and New Holland brands, announced May 23 it has bought Specialty Enterprises, which is billed as North America’s biggest maker of aluminum spray booms for farm applications as well […] Read more
A message from April Stewart, Country Guide's Associate Editor
