Deere

Business
5:45 pm
Fri January 23, 2015

Deere Lays Off 900

Deere and Company will lay off 900 workers in Iowa and Illinois, as it anticipates declines in sales of farm equipment. But the Quad Cities' workforce won't be hit quite as hard as in Des Moines and Waterloo.

Friday, Deere announced 565 employees at three Waterloo facilities will lose their jobs, along with 300 at the Des Moines Works in Ankeny.

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Business
12:44 pm
Wed August 13, 2014

Deere reports decrease in quarterly earnings

Lower demand for farm equipment is affecting Deere and Company's bottom line. But it still predicts full-year profits will be the second highest ever. Deere is reporting third quarter earnings of $851 million. That’s $2.33 per share, compared to $2.56 last year.  Ken Golden, Director of Global Public Relations, says worldwide sales from May through July dropped five percent to $9.5 billion. Sales fell eleven percent in Deere's Agriculture and Turf Division. He says that means production schedules will change. 

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State News
12:13 pm
Wed November 20, 2013

Deere and Company sets another record

 For the fourth year in a row, Deere and Company set yet another earnings record. The company announced net income of 3.5 billion dollars for the fiscal year that ended in October. That's nine-dollars-and-nine-cents per share, compared to 7-63 last year. 

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