Reports of the uptick in small equipment sales were reinforced with the release of Tractor Supply’s second quarter 2020 earnings report. While TSCO sales aren’t reliant on equipment, its performance is a positive indicator for the rural lifestyle market in general.
Beginning in December 2020, Lowe's will be the exclusive nationwide home center to offer the top-rated line of EGO's battery-powered mowers, blowers, string trimmers, hedge trimmers, edgers, chainsaws and snowblowers.
The Home Depot, the world's largest home improvement specialty retailer, today announced that it is accelerating its investments in resets of its outdoor power categories.
According to a report from The Courier, Deere has announced plans to layoff 35 employees at its Waterloo Works facility and 82 employees at its Davenport Works facility.
Under the terms of the agreement, an affiliate of KPS formed for purposes of this transaction has agreed to acquire substantially all of the Company's assets and assume certain customer, employee and vendor liabilities, and it would act as the stalking-horse bidder through a court-supervised sale process.
According to a survey from Stifel, North American dealers of small ag equipment had notable sales growth in the second quarter. Survey results pointed to small ag inventory shortages driven by a new demand from “gardening/hobbyist activity amidst COVID-19.”
Net sales grew by 3% when adjusting for Consumer Brands exits and changes in exchange rates. The company achieved growth in key categories such as watering, robotics & battery, handheld products and aftermarket & accessories. Husqvarna Division's adjusted net sales decreased by 2% in the quarter, but showed strong growth in June.
Briggs & Stratton’s 30-day grace period on a $6.7 million interest payment expired on July 15, 2020, however the company has received a 4-day extension on its revolving credit agreement according to an 8-K filing with the U.S. Securities and Exchange Commission.
Alongside a dedication to its dealers and customers, Kioti Tractor, is committed to the health and wellbeing of the communities in which it serves. To assist healthcare workers on the frontlines of the coronavirus pandemic, the company donated 10,000 N-95 masks as well as a K9 2440 utility vehicle to UNC REX Healthcare, located near Kioti’s U.S. headquarters in North Carolina.
Yanmar America is the North American headquarters of Yanmar Holdings. Ranked #1 in Product
Quality for five years in a row by the Equipment Dealers Association, Yanmar provides innovative
solutions for Rural Lifestyle and Industrial Equipment customers.
Yanmar was the world’s first manufacturer to develop a practical small diesel engine in 1933 and
has continued to push the boundaries of innovation and technology ever since. As a manufacturer of
diesel engines, compact tractors and utility task vehicles, construction machinery, and industrial
equipment, Yanmar's products are sold in over 130 countries.
At Yanmar America, we are committed to providing our customers with the highest quality products
and services, backed by a strong team of professionals who share our dedication to excellence. We
look forward to the opportunity to work with you in achieving your goals.
Virginia Beach-based STIHL Inc., produces a full line of high-quality, handheld outdoor power equipment including blowers, trimmers, brushcutters, and multi-task tools, as well as the number one selling brand of chainsaws worldwide. STIHL Inc. manufactures over 260 model variations of handheld outdoor power equipment for sale in the U.S. and around the world.