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.
Company reports 15% growth in sales on both storm-related benefit and continued strength in commercial engines and products. Briggs & Stratton will hold its first Investor Day on Nov. 1 in New York City.
The good news is that economic conditions remain stable and a recent National Assn. of Home Builders' analysis shows an increase of consumers planning to purchase a new home in the near term.
Commercial and consumer lawn equipment and GPS/Precision Ag sales showed strength, while large equipment demand remains weak, according to the most recent Ag Equipment Intelligence report.
According to sales figures form the Assn. of Equipment manufacturers, U.S. sales of under 40 horsepower tractors in August were up 9.9% year-to-date. Canadian sales were up 26% year-to-date.
A recent National Assn. of Home Builders analysis shows that new single-family housing units in 2016 were 10% than 2015. Read more about the regional analysis.
The third quarter sales increase of 4.5% was driven by increased demand for professional segment products. Residential segment net sales for the third quarter were down 9.3%.
Sales are also up 5% for 9 months, with the quarterly and yearly increases primarily due to higher shipment volumes and price realization, partially offset by higher warranty costs.
Year-to-date unit sales of under 40 horsepower tractors were up 11% in the U.S. and almost 26% in Canada compared with last year, according to the Assn. of Equipment Manufacturers.
Lessiter Media editors visited RhinoAG in Gibson City, IL to get a behind-the-scenes glimpse at the production processes and attention to detail that have contributed to their longevity as they celebrate their 90th anniversary in 2024.
Yanmar America is the North American headquarters of Yanmar Holdings. Ranked #1 in Product
Quality for five years in a row by the Equipment Dealers Association, Yanmar provides innovative
solutions for Rural Lifestyle and Industrial Equipment customers.
Yanmar was the world’s first manufacturer to develop a practical small diesel engine in 1933 and
has continued to push the boundaries of innovation and technology ever since. As a manufacturer of
diesel engines, compact tractors and utility task vehicles, construction machinery, and industrial
equipment, Yanmar's products are sold in over 130 countries.
At Yanmar America, we are committed to providing our customers with the highest quality products
and services, backed by a strong team of professionals who share our dedication to excellence. We
look forward to the opportunity to work with you in achieving your goals.
Virginia Beach-based STIHL Inc., produces a full line of high-quality, handheld outdoor power equipment including blowers, trimmers, brushcutters, and multi-task tools, as well as the number one selling brand of chainsaws worldwide. STIHL Inc. manufactures over 260 model variations of handheld outdoor power equipment for sale in the U.S. and around the world.