Deere Co. issued its 2Q23 earnings on May 19, showing a 53% increase in Production Precision Agriculture net sales to $7.8 billion. Total net sales and revenues rose 30% to $17.4 billion.
For the second quarter, Deere reported $265 million in Ag & Turf wholesale receivables over 30 days past due, up 33.8% from $198 million in the second quarter of 2022 and up 636.1% from $36 million at the same point in 2021.
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