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ment includes sales from farm equipment , engines , and construction machinery . The construction machinery sub-segment saw a slight increase in revenue to ¥ 647,606 million , up by 1.0 %.
North America was the largest market for Kubota , contributing ¥ 1,272,503 million to the total revenue , a slight increase from the previous year .
Revenue changes by product group for 2024 :
Farm Equipment and Engines Revenue : ¥ 1,989,268 million , down 0.3 % from ¥ 1,995,603 million in 2023 .
Construction Machinery Revenue : ¥ 647,606 million , up 1.0 % from ¥ 641,124 million in 2023 .
SITEONE UP 6 %
On Feb . 12 , SiteOne announced its fi- nancial results for full year of 2024 , reporting sales increased to $ 4.54 billion , or 6 %, compared to $ 4.30 billion for the fiscal year ended Dec . 31 , 2023 . Organic daily sales for 2024 decreased 1 % compared to 2023 due to commodity price deflation offsetting volume growth . Acquisitions contributed $ 286.0 million , or 7 %, to net sales growth for fiscal 2024 . It repurchased $ 51.6 million of shares under the share repurchase authorization . It closed seven acquisitions with approximately $ 200 million in trailing 12 months net sales
“ As we enter 2025 , there is much uncertainty with interest rates , potential tariffs , and labor supply that could affect our markets . We expect commodity price deflation to continue moderating in 2025 with declines in products like PVC pipe mitigated by increases across our other products . Overall , we expect pricing to be flat to slightly down for the full year 2025 ,” said Doug Black , SiteOne chairman and CEO . “ In terms of end markets , we expect overall demand to be flat to slightly up with modest growth in maintenance and resilient demand in repair and upgrade , new residential , and new commercial construction . With the benefit of our commercial initiatives , we expect sales volume to more than offset price deflation , yielding low single-digit organic daily sales growth for the full year .”
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