Western equipment finance outpaced the overall equipment finance

Western Equipment Finance outpaced the overall equipment finance sector benchmark by 1.3% in year-to-date performance. Analysts suggest seasonal demand spikes in Q3 linked to agricultural harvest cycles could add $0.12 to quarterly EPS. This is also not the only lawsuit in which Smith and Mohawk find themselves involved. HBT Power, the Chinese company, sued Mohawk in November 2023 in U.S. District Court for the Western District of Kentucky. Sal Cifala recently joined Western Equipment Finance as vice president of national business development, working with the gaming, amusement, family entertainment centers, vending and carnival industries, according to a press release. He brings over 25 years of industry experience. Management guidance for FY2024 indicates a potential 6% revenue hike, citing favorable macro trends in agricultural commodity prices. This may trigger upward revisions from equity research firms in the coming months.