During its third quarter 2023 earnings call on Oct. 20, Husqvarna CFO Terry Burke stated a new cost savings program the company is implementing would impact "approximately 300 positions."
In light of the COVID-19 virus outbreak and the lack of certainty of both the duration and magnitude of its impacts, AGCO is withdrawing its sales, earnings and other guidance. Production has been significantly reduced or suspended in several of the company’s European facilities.
Net sales for the third quarter of 2015 were $231.6 million compared with net sales of $234.8 million for the third quarter of 2014, a decrease of 1.4%.
Net income increased 14.9% to $153.3 million from $133.4 million and diluted earnings per share increased 17.9% to $1.12 from $0.95 in the second quarter of the prior year.
Toro Co. saw sales rise 11.3 percent to $567.5 million as favorable summer growing conditions in key markets helped drive sales after the company faced challenges of late spring weather in the previous quarter.
Net sales for the second quarter of 2014 increased 8.8% to $1.58 billion from $1.46 billion in the second quarter of 2013. Comparable store sales increased 1.9% versus a 7.2% increase in the prior year's second quarter.
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