Deere & co. - Articles

Deere Announces Employee Buyout Program

December 2, 2019 | Posted in Ag Equipment Business

Deere & Co. has rolled out a volunteer employee buyout program as of Nov. 27, 2019. The program was launched ahead of Deere’s 4Q19 earnings call.

Deere’s 4Q19 Net Sales Rise 5%, Ag Up 3%; Expects Lower Sales in FY2020

November 27, 2019 | Posted in Earnings Reports

Deere & Co. reported net income of $722 million for the fourth quarter ended Nov. 3, 2019, compared with net income of $785 million for the quarter ended Oct. 28, 2018. For fiscal 2019, net income attributable to Deere & Co. was $3.253 billion compared with $2.368 billion in 2018. Worldwide net sales and revenues increased 5% in both the fourth quarter and full year of 2019 to $9.896 billion and $39.258 billion, for the respective periods.

Deere to Acquire Brazilian Supplier of Sugarcane Harvester Aftermarket Parts

October 15, 2019 | Posted in Mergers & Acquisitions

Source: PR Newswire

Deere & Co. has signed an agreement to acquire Unimil, a privately-held Brazilian company in the aftermarket service parts business for sugarcane harvesters, according to a press release from the company.

Major Ag Equipment Makers Rely on Leasing to Combat Sluggish Sales

October 14, 2019 | Posted in Equipment & Equipment Sales

According to an Oct. 14 report in the Wall Street Journal, it appears Deere & Co., as well as other major manufacturers of farm machinery are once again emphasizing equipment leasing to keep sales moving.

Deere to Lay Off Workers in Illinois and Iowa; U.S. Manufacturing Slows to 2009 Levels

October 2, 2019 | Posted in Ag Equipment Business

According to several published reports, Deere & Co. will lay off more than 160 employees at two of its manufacturing facilities. The company had said earlier that it planned to reduce production at its Illinois and Iowa facilities in the second half of the year.

On the Record

[Podcast] Are Bobcat and Farmtrac Tractors Returning to the U.S.?

August 23, 2019

In this week’s podcast, we discuss two tractor lines that had disappeared from the U.S. market — Bobcat and Farmtrac — that are set to make a return. In the Technology Corner Jack Zemlicka discusses dealers' 5-year precision revenue outlook. Also in this episode, Deere & Co.'s third quarter earnings report and Cervus Equipment's second quarter earnings.

‘Weather Trumps Trade:’ Analyst Sees Shift in U.S. Ag with Rising Corn Prices

June 17, 2019 | Posted in Equipment & Equipment Sales

A rapid, meaningful shift is occurring in U.S. ag as extreme weather overshadows the Trade War. Corn has rallied sharply breaking out of a 5 year range as persistent wetness has raised supply concerns. Prices seem poised to move higher; this helps farm economics which should drive equipment demand (equipment buys reduce farmer tax liability, replacement demand is already present).

Near Term Ag Fundamentals Result in Deere’s Decision to Slow Ag Equipment Production

May 23, 2019 | Posted in Earnings Reports

Deere & Co. posted decent ag equipment sales numbers last week when it reported its second quarter fiscal year 2019 earnings, but the company said it is looking at slowing production of big ag equipment by as much as 20%.

Deere Reports 2Q19 Ag Net Sales Up 3%

May 17, 2019 | Posted in Earnings Reports

Deere & Co. reported net income of $1.135 billion for the second quarter ended April 28, 2019, compared with net income of $1.208 billion for the quarter ended April 29, 2018.

Deere & Co. Fined for Violating Air Quality Standards

April 29, 2019 | Posted in Ag Equipment Business

According to a report in the Quad City Times, Deere & Co. will pay $1 million for violating air quality standards over a roughly 13 year period at its diesel-engine testing center in Cedar Falls, Iowa.

Articles Tagged with ''Deere & Co.''

Deere Announces Employee Buyout Program

Deere’s 4Q19 Net Sales Rise 5%, Ag Up 3%; Expects Lower Sales in FY2020

Deere to Acquire Brazilian Supplier of Sugarcane Harvester Aftermarket Parts

Major Ag Equipment Makers Rely on Leasing to Combat Sluggish Sales

Deere to Lay Off Workers in Illinois and Iowa; U.S. Manufacturing Slows to 2009 Levels

[Podcast] Are Bobcat and Farmtrac Tractors Returning to the U.S.?

‘Weather Trumps Trade:’ Analyst Sees Shift in U.S. Ag with Rising Corn Prices

Near Term Ag Fundamentals Result in Deere’s Decision to Slow Ag Equipment Production

Deere Reports 2Q19 Ag Net Sales Up 3%

Deere & Co. Fined for Violating Air Quality Standards

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