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Articles Tagged with ''Deere & Co.''

Deere’s 3QFY20 Sales & Revenue Drop 11%; Ag & Turf Equipment Down 5%

August 21, 2020 | Posted in Earnings Reports

Deere & Co. reported consolidated net sales and revenues of $8.9 billion during its third quarter ended Aug. 2, 2020 vs. $10 billion in the same period a year earlier, a decline of 11%. Equipment operations came in at $7.9 billion during the period compared to nearly $9 billion last year, also a drop off of 12%.

Small Ag Equipment Sales are Something to Cheer About

By Dave Kanicki posted on July 21, 2020 | Posted in Analysis & Commentary

It’s difficult finding anything positive coming out of the COVID-19 pandemic, but it appears the stay-at-home/work-from-home directives are pumping up the sales of small farm machinery.

Deere to Sell German Lawnmower Subsidiary SABO

July 6, 2020 | Posted in Ag Equipment Business

According to published reports, John Deere has signed an agreement to sell SABO Maschinenfabrik to Mutares SE & Co. The transaction is contingent on regulatory approval by the Federal Cartel Office Bundeskartellamt, Germany's national competition regulator.

Deere Announces New Operating Model Focused on Unlocking Customer Value

June 17, 2020 | Posted in Ag Equipment Business

The Deere Smart Industrial strategy is designed to unlock new value for customers and to help them become more profitable and sustainable, while simultaneously revolutionizing the agriculture and construction industries through the rapid introduction of new technologies.

Coronavirus Causes Deere to Shut Down Brazilian Manufacturing Operations

March 25, 2020 | Posted in Equipment & Equipment Sales

According to a March 24 Bloomberg report, Deere said it will stop production at its six plants in Brazil in an attempt to contain the spread of the coronavirus.

Deere’s Chief Spokesman for 21 Years Announces His Retirement

February 27, 2020 | Posted in Ag Equipment People

Source: Quad-City Times

After 30 years with Deere, including 21 as its chief spokesman, Ken Golden is retiring, according to a Feb. 25 report in the Quad-City Times. His last day is Feb. 28.

Deere’s 1QFY20 Net Sales Drop, But Net Income Improves

February 21, 2020 | Posted in Earnings Reports

Deere & Co. reported that its worldwide net sales and revenues decreased 4% in the first quarter of 2020, ended Feb. 2, to $7.63 billion. Net sales of the company’s equipment operations were $6.53 billion for the quarter, compared with $6.94 billion in 2019; a decline of 6%. At the same time, Deere’s net income for the quarter was up 4% to $517 million vs. $498 for the same period in 2019.

Deere Looks to ‘Differentiate’ While Improving Margins

February 14, 2020 | Posted in Ag Equipment Business

Deere & Co.’s stated goal is to set itself apart from its competitors while stimulating significant growth. Specifically, it’s aiming to improve its current 12.5% operating margin to 15% by its fiscal year 2022.

Deere to Begin Shipping 525 Tractors to Zimbabwe

January 23, 2020 | Posted in Ag Equipment Worldwide

Source: The Herald

According to a Jan. 23, 2020 report in the Zimbabwe publication, The Herald, John Deere is expected to begin shipping the first part of a $50 million order for farm machinery within in the next 3 months.

Deere to Lay Off More Workers at Davenport Works Plant

December 10, 2019 | Posted in Ag Equipment People

Another nearly 60 jobs will be cut at the John Deere Davenport Works in Iowa, according to published reports.

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