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Articles Tagged with ''Deere & Co.''

Deere Confident on ‘Producing to Demand’ in Fiscal Year 2025

October 15, 2024 | Posted in Earnings Reports

Deere & Co. remains confident about producing to demand during fiscal year 2025, JP Morgan (JPM) analysts reported following a virtual meeting with Deere Director of Investor Relations Josh Beal in early October.

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Deere Reports 25% Drop in 3Q Production & Precision Ag Net Sales

August 15, 2024 | Posted in Earnings Reports

Deer & Co. reported third quarter net income of $1.7 billion on Aug. 15. Worldwide net sales and revenues decreased 17%, to $13.2 billion

Deere Cuts Production, Jobs Amid Softening Grower Sentiment

June 17, 2024 | Posted in Earnings Reports, Equipment & Equipment Sales

Since March, Deere & Co. has cut 773 jobs in Iowa alone, according to Iowa’s WARN log as of June 11. The latest cuts — 120 employees at the Seeder and Cylinder plant in Moline, Ill. — were announced June 5.

Deere Reports 3Q 2022 Net Sales Up 25%

August 19, 2022 | Posted in Earnings Reports

Deere & Company reported net income of $1.884 billion for the third quarter ended July 31, 2022, compared with net income of $1.667 billion for the quarter ended August 1, 2021.

Deere Reports Second Quarter Net Income of $2.1 Billion

May 20, 2022

Deere's production and precision agriculture sales increased for the quarter due to price realization and higher shipment volumes. Operating profit rose primarily due to price realization and higher shipment volumes/sales mix.

Deere Reports Net Income of $5.96 Billion for Fiscal Year 2021

November 24, 2021 | Posted in Earnings Reports

Deere & Co.'s worldwide net sales and revenues increased 16%, to $11.327 billion, for the fourth quarter of fiscal 2021 and rose 24%, to $44.024 billion, for the full year.

Deere: Supply Chain Challenges to Persist into 2022

September 15, 2021 | Posted in Ag Equipment Business

Despite a strong performance in Deere & Co.’s third quarter, supply chain challenges persisted and in some cases became more complicated, says Ryan Campbell, Deere’s chief financial officer.

Ag Equipment Manufacturers’ Share Price Bouncing Back

October 22, 2020 | Posted in Earnings Reports

In a July 2020 note to investors, Mircea (Mig) Dobre, discussed how the shares of farm equipment manufacturers had held up compared to other machinery companies despite difficult industry fundamentals.

Rural Lifestyle Market Continues on Its Hot Streak

October 22, 2020 | Posted in Equipment & Equipment Sales

While some positive signs are emerging for large equipment sales in the production segment of the agricultural industry, sales of small equipment and other rural lifestyle products is where the real action is these days. In addition to the record-setting sales of compact tractors, other segments of this market are also booming.

Deere Completes Brazil’s Unimil Acquisition

September 1, 2020 | Posted in Mergers & Acquisitions

Deere & Co. has completed its acquisition of Unimil, a Brazilian company in the aftermarket service parts business for sugarcane harvesters.

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Dealers Expect Parts & Service Growth in 2025, Declines in Equipment Sales

In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.

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