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Equipment Roundup
Dan Miller 2/24 8:04 AM

In this equipment roundup, DTN/Progressive Farmer looks at Deere and CNH releasing fiscal results -- one is better than the other; Case IH releasing a new strip-till tool; Titan offering a high-tech tire sensor; and Kubota Engine America expanding its warranty by one year.

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Deere & Company is reporting net income of $656 million for its first quarter, ended Feb. 1. That's compared with net income of $869 million at the end of its first quarter last year.

But Deere is expressing optimism that the sharp downturn in machinery sales might be coming to an end. While production and precision ag sales are projected to be down 5 to 10% for 2026, Deere predicts its net sales of small ag and turf equipment and construction and forestry machinery are each expected to be up 15%.

Deere reports its first quarter 2026 net sales were $8.001 billion compared to $6.809 billion in the same quarter in 2025. Deere is even bringing back laid off employees. The manufacturer announced 245 employees are returning to work in its construction, forestry and ag segments.

Still, some of that good news is offset by the cost of tariffs Deere is absorbing. It predicts a $1.2 billion pre-tax hit from tariffs this year.

"While the global large agriculture industry continues to experience challenges, we're encouraged by the ongoing recovery in demand within both the construction and small agriculture segments," John May, chairman and CEO of John Deere, said in a Deere release. "These positive developments reinforce our belief that 2026 represents the bottom of the current cycle and provides us with a strong foundation for accelerated growth going forward."

Deere is now forecasting net income for its entire fiscal 2026 will be in a range of $4.5 billion to $5.0 billion, up from its previous estimate of $4.0 billion to $4.75 billion. For the year, Deere noted it is focusing on aligning factory output with retail demand and is aiming for a 2 to 4% price increase on its 2026 models.

"Our sustained investment in research and development throughout the cycle is yielding measurable results as we move toward launching a wide range of innovative products and solutions across all business segments," May said.

CNH EXPECTS DOWN YEAR

CNH Industrial has released its financial reports for its entire fiscal year 2025 and for the fourth quarter of 2025. Full year net income was $505 million compared to 2024 net income of $1.259 billion. CNH's fourth quarter 2025 income settled at $89 million, compared to $176 million for the fourth quarter of 2024.

"Despite a challenging market environment, CNH delivered solid progress toward its long-term goals in 2025 and strengthened its foundation for success," Gerrit Marx, CNH chief executive officer, said in the release from CNH. "We continued reducing dealer inventories, advanced our Quality and Operational Excellence initiatives, and introduced products that directly address the evolving needs of farmers and builders."

CNH's outlook is not positive. It projects its agriculture segment will record net sales ranging from down 5% to flat in 2026 over 2025.

CNH's outlook for 2026 is best quoted from its own report: "Farmers continue to face challenging market dynamics, including low commodity prices, high input costs, and an uncertain trade environment. These conditions are expected to further weaken the North American industry demand for agricultural equipment ... In the aggregate, (CNH) forecasts the global industry retail demand to be lower than 2025 levels by another 5%, down to historic trough levels. CNH's Agriculture segment has and will continue to respond to these market dynamics by maintaining low production levels, working with its dealer network to lower channel inventory, pursuing cost efficiencies, and managing rapid changes in trade policies. Agriculture equipment industry demand is expected to resume growth in 2027."

CASE IH OFFERS NEW STRIP-TILL TOOL

Case IH is announcing Tuesday a new strip-till solution. The Nutri-Tiller 1000 series strip-till tool offers farmers the best of no-till and conventional tillage benefits with fewer field passes.

"The Nutri-Tiller 1000 series is designed to deliver exceptional tillage results while championing long-term soil health and conservation," said CJ Parker, soil management marketing manager at Case IH. "By minimizing compaction and leaving protective residue between the strips, it enhances the soil's nutrient utilization -- helping farmers protect their soil while supporting strong yield potential."

The Nutri-Tiller 1000 series employs Case IH FieldOps to simplify guidance line management and create prescriptions, while Active Implement Guidance ensures accurate planting within the strip‑till passes.

TITAN, CEREBRUM SENSOR DESIGN SMART TIRE SENSOR

Titan International, Inc., in collaboration with Cerebrum Sensor Technologies, Inc. have developed Titan Pressure Perfect, a smart sensor technology for tires.

Titan Pressure Perfect provides real-time pressure, temperature and load sensing for continuous tire monitoring. This sensor technology integrates with onboard inflation control, allowing automatic tire pressure adjustment while in motion.

Whether transitioning from road to field or adapting to changing load conditions, Titan Pressure Perfect technology can reduce air pressure by up to 50% and deliver up to 35% less soil compaction, Titan said.

Titan's system, powered by Cerebrum, is designed to work with every Titan and Goodyear Farm Tire-branded product and most inflation management systems.

KUBOTA EXTENDS ENGINE WARRANTY

Kubota Engine America is extending its standard engine warranty from two years or 2,000 hours to three years or 3,000 hours.

"Our engines are built to perform reliably over the long term, and this warranty extension reflects that confidence," said Michael De Leonardis, director of service engineering at Kubota Engine America, in a release.

Dan Miller can be reached at dan.miller@dtn.com

Follow him on social platform X @DMillerPF

 
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