CNH Industrial reported strong results for the fourth quarter of 2020, with consolidated revenues of $8.5 billion (up 10%) and adjusted EBIT of Industrial Activities of $520 million (up 73%).
According to a report from Inforum, CNHI has announced 35 layoffs at a manufacturing facility in Fargo, N.D. The plant manufactures large-tracked and 4WD tractors, as well as wheel loaders.
Operating profit was up 34% compared with the third quarter of 2016. Operating margin increased to 7.8% as a result of the favorable volume and product mix, according to the company.
Tune in to learn how the founder of Mean Green started in the outdoor power equipment business and what motivated him, as told by Generac Chore's Brandon DeCoff.
Viking Equipment Finance is a leading provider of farm equipment financing solutions for farmers and agriculture related companies for transactions of $50,000 to $50 million to purchase or refinance essential use equipment and machinery.
With a history dating back to the 1950s, the WIKOMI Company in 1980 was re-incorporated as Worksaver. Worksaver continues today on a path of growth and innovation in manufacturing agricultural, industrial, and construction attachments for a variety of applications. Worksaver products are used by farmers, ranchers, large property owners, contractors and more.
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