Deere & Co. managed to pull a rabbit out of a hat by posting $351 million in earnings for its fourth quarter of the current fiscal year and $2.177 billion for the full year, compared with $910 million and $4.297 billion in 2014. Pretty good considering year-over-year fourth-quarter net sales were down by 26% and down 22% for the year.
One analyst noted, “Deere has done an admirable job of managing margins through the current…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
