The global agriculture equipment market was valued at $ 236.6 million in 2020 and is projected to reach $434.2 million by 2032, according to Allied Market Research. read more
SEP 1, 2023 - 6:00 am
According to a report from P&S Intelligence, the construction equipment market reached roughly $180 billion in revenue in 2020. The Asia-Pacific region is predicted to be the fastest-growing region in the construction equipment market through 2030, according to the report. read more
AUG 16, 2021 - 6:29 am
Deere & Company reported an 11% decrease in worldwide net sales and revenues for the third quarter ended Aug. 2, 2020. Conversely, the company reported a 5% increase in net income from financial services. read more
AUG 26, 2020 - 7:44 am
Deere & Company and John Deere Capital withdrew their financial outlooks for 2020 in response to the coronavirus, according to a related 8-K. read more
MAR 24, 2020 - 6:40 am
Deere reported reported Q4/18 net income of $784.8 million, an earnings increase of 54%. Net sales rose 18% to $8.3 billion. read more
NOV 26, 2018 - 7:55 am
Deere & Company reported net sales of equipment operations were $9.3 billion in Q3/18, up 36% from $6.8 billion. Financial Services YTD net income of $680.6 million was up 95% from $349.1 million last year. read more
AUG 21, 2018 - 6:33 am
Deere reported Q2 net income of $1.2 billion compared to $808.5 million in Q2/17. In its outlook, Deere said equipment sales are projected to increase by about 30% for fiscal 2018. read more
MAY 21, 2018 - 7:16 am
Deere & Company reported financial services Q1/18 net income of $425.3 million was up from $114.4 million for the same period last year. The increase was largely attributed to a tax benefit of $278.1 million related to tax reform. read more
FEB 16, 2018 - 7:00 am
Deere reported worldwide net sales and revenues were higher on improving markets for farm and construction equipment. The company said equipment sales are projected to increase by about 22% for fiscal 2018. read more
NOV 22, 2017 - 7:26 am
John Deere invested in German machinery manufacturer Kramer-Werke to provide material-handling equipment solutions for distribution through John Deere’s dealer network under the Kramer trademark. read more
JUL 7, 2017 - 7:30 am
Deere & Company signed a definitive agreement to acquire the Wirtgen Group, a privately-held international manufacturer of road construction equipment. read more
JUN 1, 2017 - 7:43 am
Deere announced net income was $802.4 million Q2/17, up 62% from $495.4 million a year earlier. The company noted that it has raised its forecast and is now calling for significantly higher earnings for the full year. read more
MAY 22, 2017 - 8:07 am
Deere & Company reported earnings from its John Deere Capital subsidiary of $81.7 million and $341.6 million for Q4/16 and full year were down 33% and 31%, respectively, on less favorable spreads, losses on residual values and higher provision charges. read more
NOV 28, 2016 - 8:00 am
Deere & Company appointed Cory J. Reed president of John Deere Financial, effective November 1, 2016. Deere also said Michael J. Mack, Jr. will retire as group president of John Deere Financial Services. read more
SEP 30, 2016 - 7:05 am
Deere reported Q3/16 earnings were down on weakness in global markets for farm and construction equipment. Deere said financial services net income was hurt by lower spreads, higher provisioning and losses on lease residual values. read more
AUG 22, 2016 - 7:30 am