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Trimble and Hyundai Announce Trimble Ready Option for New Line of HD130A Dozers
Prnewswire· 2025-08-19 10:30
HD130A Dozers Now Available Trimble Ready from the Factory for Customers across the GlobeTESSENDERLO, Belgium and WESTMINSTER, Colo., Aug. 19, 2025 /PRNewswire/ -- Trimble® (Nasdaq: TRMB) and Hyundai Construction Equipment today announced the availability of a Trimble Ready® 3D option for the new line of Hyundai HD130A bulldozers for customers around the world. A Trimble Ready version of the HD130A was announced for customers in North America in late 2024. Trimble and Hyundai Announce Trimble Ready Opti ...
KH Group Plc’s Half-Year-Report 1 January–30 June 2025: KH-Koneet’s profitability declined – NRG performed well, orderbook at record-high level
Globenewswire· 2025-08-15 05:00
Core Insights - KH Group's net sales from continuing operations increased by 4% year-on-year to EUR 95.9 million for the first half of 2025, while operating profit decreased [6][10] - The profitability of KH-Koneet declined despite a 9% increase in net sales, indicating challenges in maintaining margins [6][10] - The Nordic Rescue Group experienced a decline in net sales, but its operating profit remained stable compared to the previous period [3][10] Financial Performance - For the second quarter of 2025, net sales were EUR 54.2 million, up from EUR 52.2 million in the same period last year, with a comparable operating profit of EUR 0.8 million, down from EUR 2.4 million [8][9] - The first half of 2025 saw comparable operating profit at EUR 1.0 million, a decrease from EUR 2.3 million in the previous year [10] - The Group's equity per share decreased to EUR 0.83 from EUR 1.25, with a return on equity for the rolling 12 months at -40.8% [6] Strategic Developments - KH Group is in the process of divesting its Indoor Group business, with a financial advisor engaged to explore options, aiming for completion in 2025 [4][12] - A reform program in Indoor Group is expected to improve operating profit by at least EUR 10 million annually by the end of 2026, with significant savings already realized in 2025 [5][12] - The company aims to focus on the growth of its core business, KH-Koneet, while assessing exit opportunities for other business areas [12][13] Future Outlook - The guidance for 2025 estimates that net sales will remain around EUR 194.0 million, with comparable operating profit expected to be approximately EUR 7.2 million, maintaining levels from the previous year [13][14] - The company plans to invest in core business growth and pay dividends after significant exits, adhering to its balance sheet structure and financing agreements [12][13]
John Deere(DE) - 2025 Q3 - Earnings Call Presentation
2025-08-14 14:00
3Q 2025 Financial Performance - Net sales and revenues increased by 9% from $12.018 billion in 3Q 2024 to $13.152 billion in 3Q 2025[7] - Net sales for Equipment Operations increased by 9% from $10.357 billion in 3Q 2024 to $11.387 billion in 3Q 2025[7] - Net income attributable to Deere & Company decreased by 26% from $1.734 billion in 3Q 2024 to $1.289 billion in 3Q 2025[7] - Diluted EPS decreased by 24% from $6.29 per share in 3Q 2024 to $4.75 per share in 3Q 2025[7] Segment Performance - Production and Precision Ag net sales decreased by 16% from $5.099 billion in 3Q 2024 to $4.273 billion in 3Q 2025[9] - Small Ag and Turf net sales slightly decreased by 1% from $3.053 billion in 3Q 2024 to $3.025 billion in 3Q 2025[11] - Construction and Forestry net sales decreased by 5% from $3.235 billion in 3Q 2024 to $3.059 billion in 3Q 2025[22] - Financial Services net income increased from $153 million in 3Q 2024 to $205 million in 3Q 2025[30] FY 2025 Outlook - The company forecasts a net income attributable to Deere & Co of $4.75-5.25 billion[32] - The company anticipates net operating cash flow of $4.5-5.5 billion[32]
Deere Reports Third Quarter Net Income of $1.289 Billion
Prnewswire· 2025-08-14 10:27
Financial Performance - Deere & Company reported a net income of $1.289 billion for Q3 2025, down 26% from $1.734 billion in Q3 2024, translating to earnings per share of $4.75 compared to $6.29 a year earlier [1][4][16] - For the first nine months of 2025, net income was $3.962 billion, a decrease of 32% from $5.855 billion in the same period of 2024 [1][4][16] - Total net sales and revenues decreased by 9% to $12.018 billion in Q3 2025 and by 18% to $33.290 billion for the nine months [2][4][16] Segment Performance - Production & Precision Agriculture segment saw net sales drop by 16% to $4.273 billion and operating profit fell by 50% to $580 million [5][16] - Small Agriculture & Turf segment reported a slight sales decrease of 1% to $3.025 billion, with operating profit down 2% to $485 million [6][16] - Construction & Forestry segment experienced a 5% decline in sales to $3.059 billion and a 47% drop in operating profit to $237 million [7][16] Company Outlook - The company forecasts net income for fiscal 2025 to be in the range of $4.75 billion to $5.25 billion [3][10] - Deere's management emphasized a commitment to addressing customer needs and preparing for future growth through advanced technologies [4][10] Industry Outlook - The agricultural equipment market in the U.S. and Canada is expected to decline approximately 30% for large agriculture and about 10% for small agriculture and turf [9][11] - In Europe, the market is projected to be flat to down 5%, while South America is expected to remain flat for tractors and combines [9][11]
Stock Of The Day: Is Caterpillar About To Rally?
Benzinga· 2025-08-08 15:32
Group 1 - Caterpillar Inc. is experiencing a rebound after a disappointing earnings report, with shares down nearly 2.5% previously [1] - The stock found support around the $349 level in January, which has historically acted as a resistance level in previous months [2][7] - The concept of seller's remorse is influencing current trading behavior, as investors who sold at $349 are now looking to buy back at the same price [5][6] Group 2 - The current support level for Caterpillar is around $408, which was previously a resistance level in November and January [7] - If historical patterns hold true, there is a strong likelihood that Caterpillar's stock will rally off this support level again [7]
CNH Industrial N.V.(CNH) - 2025 Q2 - Earnings Call Transcript
2025-08-01 14:00
Financial Data and Key Metrics Changes - Consolidated revenues for Q2 2025 were down 14% year-over-year at $4.7 billion, with adjusted EBIT down 55% to $224 million and EPS at 17% [12][13] - Adjusted net income decreased by about half, with adjusted diluted earnings per share down from $0.35 to $0.17 [16][17] - Second quarter gross margin was 21.8%, down from 24.4% in Q2 2024, affected by lower production volumes and unfavorable geographic mix [18] Business Line Data and Key Metrics Changes - Agriculture segment sales were down 17% to $3.2 billion, with North America down 36%, representing over 90% of the total decline in ag sales [12][17] - Construction segment net sales were $773 million, down 13% year-over-year, with gross margin at 15.7%, down from 16.5% in Q2 2024 [21] - Financial Services reported net income of $87 million, with a year-over-year decrease mainly driven by higher risk costs in Brazil [22] Market Data and Key Metrics Changes - Industrial production hours were down 12% year-over-year, with agriculture down 12% and construction down 15% [7] - North American industry retail demand was down 37% for high horsepower tractors and down 23% for combines [13] - The global industry forecast for agriculture is expected to be down around 10% from 2024, with 2025 representing a trough level of global market demand [31] Company Strategy and Development Direction - The company is focused on reducing channel inventories while defending market share, with a target to align production with retail demand by the end of 2025 [5][8] - Five key strategic pillars were outlined: expanding product leadership, advancing Iron and Tech integration, driving commercial excellence, operational excellence, and quality as a mindset [13] - A new collaboration with Starlink was announced to provide connectivity for farmers, enhancing productivity [10][14] Management's Comments on Operating Environment and Future Outlook - Management noted that market conditions remained soft, with ongoing complexity and uncertainty in the macroeconomic environment [5][6] - The company expects to produce in line with retail demand in the second half of 2025 and into 2026, while maintaining a disciplined approach to capital allocation [12][35] - Management expressed confidence in achieving targeted dealer inventory levels and emphasized the importance of operational excellence and cost-saving initiatives [8][38] Other Important Information - The company reaffirmed its capital allocation priorities, including reinvesting in the business while maintaining a healthy balance sheet [22][23] - The foreign exchange impact on net sales is now forecasted to be minus 1%, an improvement from the previous assumption of minus 3% [24] - Tariff impacts are expected to grow through the second half of the year, with a significant negative effect on EBIT anticipated [105] Q&A Session Summary Question: Inventory levels in Agriculture - Management confirmed a reduction of $200 million in excess inventory, with ongoing efforts to align inventory levels with retail demand [40][41] Question: 2026 order trends - Management indicated that 2025 is expected to be a trough year, with uncertainty around tariffs impacting future demand [46][48] Question: Pricing strategies - Management stated that pricing will be positive for the full year, driven by higher value functionality and cost discipline [58][60] Question: North American market challenges - Management acknowledged the price differential between new and used equipment and emphasized efforts to align inventory levels [96][100] Question: Tariff impacts timing - Management expects most tariff impacts to be felt in Q4 2025, with ongoing efforts to mitigate these costs [104][106]
X @Forbes
Forbes· 2025-07-22 13:51
Bedrock Robotics, led by a veteran of Alphabet Inc.’s autonomous tech unit, is emerging from stealth with $80 million and plans to make heavy construction equipment work around-the-clock without human operators.Read more: https://t.co/bGXtPA58JA https://t.co/pgJR8DeasT ...
This 3 Stock Portfolio Provides Monthly Income
ZACKS· 2025-07-11 16:16
Core Insights - Investors can construct a portfolio that allows for monthly dividend payouts by strategically selecting stocks that pay dividends in different months [1][11] - A combination of Coca-Cola (KO), Caterpillar (CAT), and McDonald's (MCD) provides the necessary blend for this monthly income strategy [2][12] Coca-Cola (KO) - Coca-Cola's shares increased following better-than-expected results, with analysts revising EPS expectations upward, except for a minor downward revision for the next quarterly release [3] - The adjusted EPS grew by 5% to $0.77, and the company gained market share in the nonalcoholic ready-to-drink beverage sector [4] - Coca-Cola is part of the Dividend Aristocrats group, indicating strong dividend reliability [4] Caterpillar (CAT) - Caterpillar is recognized as the world's largest construction equipment manufacturer and is also a member of the Dividend Aristocrats group [5] - The current dividend yield is 1.4%, with a notable five-year annualized dividend growth rate of 7.9% [5] McDonald's (MCD) - McDonald's has seen modest increases in EPS expectations from analysts, indicating positive near-term share performance [9] - The current dividend yield for McDonald's is 2.5%, with a payout ratio of 61% of earnings and a five-year annualized dividend growth rate of 8.4% [10]
X @Forbes
Forbes· 2025-07-10 23:10
Company Overview - Illinois firm with $1 billion in revenue thrives [1] - The firm's success is attributed to its close relationships with Caterpillar [1]
X @Forbes
Forbes· 2025-07-10 14:24
$1 Billion Illinois Firm Thrives Thanks To Its Cozy Caterpillar Relationships https://t.co/hCvthRj5Cw https://t.co/DsIagOlHrL ...