Search Results for: polaris-industries-posts-record-2q15-earnings

2020-05-23

COVID-19 Cuts Results at Harley-Davidson, Polaris

Harley-Davidson Q1 2020 Sales Plunge 15.5%

Harley-Davidson said US sales were up 6.6% in the quarter before the pandemic ground the economy to a halt in mid-March. But sales wound up plunging 15.5% in America compared to a year ago and 20.7% internationally. Overall revenue slipped 8% from last year’s first quarter.

For the quarter, Harley-Davidson posted earnings of $69.7 million compared with $127.9 million in the same period a year ago.

Michael Aistrup
Michael Aistrup

Harley-Davidson’s share in the U.S. heavyweight motorcycle market share was down 2.2 percentage points, to 48.9% and the company’s share of the heavyweight motorcycle market in Europe was 7.6% in the first quarter.

In response to the COVID-19 crisis, Harley has reduced planned capital spending, frozen hiring, temporarily reduced salaries, eliminated merit increases for employees in 2020 and changed the timing of new product launches in order to preserve $250 million in 2020.

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2020-02-25

CASE IH Posts Record Sales for Sugar Cane Harvesters in South America

Fabio Ferraresi
Fabio Ferraresi

CASE IH celebrates positive results in 2019 with 649 sugar cane harvesters sold in Brazil in 2019 being 50% made by CASE. Case points the share growth to the improvements made at the model A8000 that can make up to 15% on operational cost savings and robustness for those machines that operates over 4,000 hours per year.

Source: M&T     Read The Article

PSR Analysis: Agricultural business remains strong. Despite lower sales of small tractors dedicated to small business due to lower credit, heavy production equipment sales remain strong because of record production of grains and other agricultural products. PSR

2023-03-26

Rolls Royce Power Systems Posts Record Year in 2022

EUROPEAN REPORT 
Natasa Mulahalilovic
Natasa Mulahalilovic

Rolls Royce Holdings’ 2022 Annual Report shows significant performance improvement compared to 2021. Its four business units posted revenue of £12.691 m (£10.947 m in 2021), gross profit of £2.477 m (£1.996 m in 2021) and operating profit of £652 m (£441 m in 2021). Civil aerospace business unit made 49% of the revenue, Defense 29%, and Power Systems 26%.

The Power Systems business unit is the home for the mtu brand developing and manufacturing power systems and solutions for commercial marine, industrial, defense and yachts as well as power generation. Headquartered in Germany, it closed the year with a record revenue of £3.347 m, a gain of 23 % comparing to the prior year. Orders for 2022 were £4.3 billion, 29% higher than the orders placed in 2021.  

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2019-11-14

2019 GIE+Expo Posts Strong Growth. Battery Technology Continues Hot

GIE+EXPO: The Green Industry & Equipment Expo

GIE+EXPO is the annual gathering for all segments of the outdoor power equipment and lawn and landscape industry. The event is sponsored by the Outdoor Power Equipment Institute, the Professional Grounds Management Society and the National Association of Landscape Professionals.

This year, the show drew more than 26,500 people from around the world. The indoor exhibit floor and the Outdoor Demonstration Area covered 24,000 net sq. ft. more than last year.

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2022-10-21

Record Sales of Agricultural Machines in Brazil

BRAZIL/SOUTH AMERICA REPORT  
Fabio Ferraresi
Fabio Ferraresi

Friday Oct. 7 Anfavea published the number of 42,800 units of Agricultural machines sold from January to August 2022, 23.6% above same period of 2022.

Source: Automotive Business     Read The Article

PSR Analysis: Record harvest and high commodities prices enable farmers to invest in Agricultural Machines. This situation supports and sustains our production forecast for the year. PSR

By Fabio Ferraresi, Director Business Development South America

2020-10-28

Iveco Sets Record Sales of NG Trucks in Argentina

After selling 35 NG Trucks in Chile, Iveco announced the sale of 100 Stralis NP Cursor 13 NGs in Argentina for a supplier to O&G industry in the Southern country.     

Source:    Read The Article

PSR Analysis: The acceptance from customers helps to remove a barrier to NG sales, transforming this technology from a Trend to a reality. NG was formerly more deployed in Buses than in Trucks. With the experience of fleet owners, the technology will gain scale rapidly in South America countries and accelerate the volumes in South American markets. PSR

Fabio Ferraresi is Director Business Development South America for Power Systems Research