Sarnia

Kubota Reports Higher Ag Equipment Revenues

Kubota is seeing an increase in earnings.

The latest report for the 9 months ending Dec. 31 of last year showed $11.24-billion in sales, up 9.2% from the same period in 2104.

Revenues increased 5% in the domestic market due to higher sales of farm and construction equipment.

Overall, revenues for the Farm and Industrial Machinery segment for Kubota were up by 10.6% year-over-year and accounted for 82% of consolidated revenues.

The manufacturer also forecasts that overseas revenues will increase in the coming year due to expansion in North America, Europe and Asia, outside Japan, in Farm and Industrial Machinery.

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