Domestic revenue increased by $66 million (+1.3%) from the prior year to $5.2 billion because of increased revenue in Farm & Industrial Machinery mainly due to increased sales of farm equipment, despite a decrease in revenue in Water & Environment and Other.
Alamo Group's net sales for the third quarter of 2021 were $338.3 million compared to net sales of $291.8 million in the third quarter of 2020, an increase of 16%.
“Robust sales continued throughout the quarter in both our professional and residential segments,” said Richard M. Olson, chairman and chief executive officer. “As we capitalized on the current demand environment and focused on serving our customers, our dedicated team and channel partners demonstrated extraordinary resolve in navigating global supply chain challenges.
Deere & Company reported net income of $1.667 billion for the third quarter ended August 1, 2021, or $5.32 per share, compared with net income of $811 million, or $2.57 per share, for the quarter ended August 2, 2020.
For the 6 months ended June 30, 2021, revenue of Kubota Corporation and its subsidiaries increased by $1.9 billion (+24.6%) from the same period in the prior year to $10 billion.
Alamo Group, the manufacturer of Dixie Chopper and Bush Hog equipment, reported net sales for the second quarter of 2021 were $347.6 million compared to net sales of $268.6 million in the second quarter of 2020, an increase of 29%.
For the three months ended March 31, 2021, revenue of Kubota Corporation and its subsidiaries increased by $901.8 million (+22.3%) from the same period in the prior year to $4.9 billion.
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