Deere & Company Related Content

Agriculture Equipment Market to Reach $434.1B Globally by 2032

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

Construction Equipment Market Generated $180B in Revenue in 2020

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

Deere Reports 11% Decrease in Net Sales, 5% Increase in Financial Services Income for Q3

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

Deere Capital Adjusts 2020 Guidance in Response to COVID-19

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

Deere Q4 Earnings Skyrocket 54%

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

Deere Q3 Equipment Sales Climb 36%; Financial Services Up 95% YTD

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

Deere Reports Higher Q2 Earnings; Projects 30% Fiscal Increase

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

Deere Q1 Financial Services Earnings Benefit from Tax Reform

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

Deere FY Earnings Reflect Improving Markets for Farm, C/E Equipment

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

John Deere, Kramer Partner on Material Handling Solutions

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

Deere to Acquire Road Construction Manufacturer Wirtgen Group

Deere & Company signed a definitive agreement to acquire the Wirtgen Group, a privately-held international manufacturer of road construction equipment. read more

Deere Announces 62% Increase in Q2 Earnings, Raises Outlook

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

John Deere Capital Q4/FY Earnings Down on Spreads, Residuals & Losses

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

Reed Named President John Deere Financial, Mack Retires as Group Head

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

Deere Financial Earnings Off on Lower Spreads, Charges & Residuals

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

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