Industry News

Vermont Deere Dealers Merge to form Mountain View Equipment

The recent merger of two John Deere dealerships into one not only makes perfect sense, but offers customers the expertise of Mike Hendy, Judy Austin, Scott Bair, Andy Giroux, and the staff. Both businesses will be under the new name Mountain View Equipment LLC.
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CNH Full Year 2011 Revenue Increases 25%; Operating Profit up 65%

CNH Global N.V. (NYSE: CNH) today announced financial results for the year ended December 31, 2011. For the year, net sales increased 25% (22% on a constant currency basis) to $18.1 billion as agricultural equipment markets continue to perform well across the Group's geographical portfolio, and as a result of the continued recovery in the construction equipment market segment.
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Caterpillar Reports Sales & Profit for Q4 and Full-Year 2011

Driven by outstanding execution and stronger global demand, Caterpillar Inc. (NYSE: CAT) delivered record-breaking 2011 sales and revenues of $60.138 billion, an increase of 41 percent from $42.588 billion in 2010. Profit in 2011 was $4.928 billion, an increase of 83 percent from $2.700 billion in 2010. Profit per share of $7.40 was up 78 percent from $4.15 in 2010. Excluding the impact of the acquisition of Bucyrus International, Inc. (Bucyrus), 2011 profit was $7.79 per share, up 88 percent from a year ago.
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