Deere and Company

Thanks to a strong second quarter, Deere and Company has raised its outlook for the year. Friday the company reported earnings rose to $802 million or $2.49 per share, compared to $1.56 a year ago.

Earnings fell but sales and revenue rose for Deere and Company during its first quarter. 

Deere and Company releases its financial results for the first quarter of its fiscal year tomorrow. Recent analysts estimates place Deere first quarter results at 51 to 58 cents per share. That remains well below Deere’s 80 cents per share earnings at the same time last year.

John Deere will get ready for the long holiday weekend in the usual way tomorrow, by releasing financial results for its fourth quarter and for the fiscal year.  As reported by Yahoo Finance, analysts who follow the company predict sales and revenue will total 23 billion dollars compared with 25.7 billion a year ago, a drop of 10%.  

A former Deere and Company employee from Iowa has admitted to defrauding the Illinois-based company out of at least $250,000 over a nine-year period.  63-year-old Harvey Ulfers of Cedar Falls, Iowa pleaded guilty to various wire fraud and money laundering charges.

As expected, sales and profits fell in the third quarter for Deere and Company. Today it reported sales for May through July dropped 11 per cent, and net income fell to 489 million dollars, compared with 511 million for the same quarter last year - a drop of 4 1/2 per cent.

Spokesman Ken Golden says sales of Deere farm and landscape equipment decreased eleven percent in the third quarter, year over year. And the company predicts they'll drop eight per cent for the full year.

Adjusting to lower demand, the company will lay off 120 workers at the Deere Harvester combine factory in East Moline. The layoffs will take effect right after Labor Day.

Profits fell for Deere and Company in the first quarter, but still beat expectations on Wall Street. This morning, the company reports it earned 254-million-dollars, or 80-cents per share, compared to a-dollar-twelve last year. Before this morning's report, the consensus among analysts was 71-cents per share. 

Deere & Co. sales, profits drop in 2015

Nov 25, 2015
Deere and Company

 As expected, sales and profits fell during the past year for Deere and Company. This week it reported year-end net income of 1.9 billion dollars or 5-dollars and 77-cents per share, compared to 8-dollars and 63-cents a year ago. Sales for the year dropped 20 per cent. 

Deere and UAW begin contract talks

Aug 25, 2015

With a brief press release, Deere and the UAW have begun working on a new contract. The current, six-year agreement expires September 30th. The talks affect 10,000 Deere employees at 12 plants throughout Iowa, Illinois and Missouri. A separate agreement will be worked out for 110 hourly employees at facilities in Atlanta and Denver. The company and union say there will be no public comments during negotiations except by joint press releases.


Deere and Company sees 2nd quarter sales fall

May 22, 2015

Sales and profits fell for Deere and Company during its second quarter, but not as much as expected.

Thanks to falling farm income, profits for Deere and Company are expected to continue falling. 

Deere annual meeting tomorrow

Feb 24, 2015
Peoria Public Radio

Shareholders of Deere and Company will gather Wednesday in the Quad Cities, for the annual meeting at world headquarters in Moline. 

Deere earnings on Wednesday

Nov 25, 2014

Deere and Company is releasing its year-end earnings report Wednesday. Its fiscal year ends in October and results are issued the day before Thanksgiving.

Deere and Company might sell its crop insurance business. Tuesday, the company announced it's reviewing what it calls "strategic options" for John Deere Insurance Company, a division of John Deere Financial.

Deere earnings streak is over

May 14, 2014

After setting 15 quarterly earnings records in a row, the streak is over for Deere and Company. Wednesday, it reported second quarter profits declined 4% to $981 million. Earnings per share totaled $2.65 compared to $2.76 last year. Worldwide sales dropped nine percent to $9.9 billion from February through April.

John Deere expanding in Brazil

Sep 10, 2013

Deere and Company is planning a major expansion in Brazil. Monday the company announced it will spend 40 million dollars to add production of another line of tractors, the 8-R, at its plant in the city of Montengro. 

Deere and Company posts record earnings

May 15, 2013

Deere and Company set another earnings record in the second quarter, and it's also an all-time high for any quarter. Deere says net income totaled nearly $1.1 billion for February, March, and April, or $2.76 per share, compared to $2.61 a year ago.  Spokesman Ken Golden says agriculture and turf equipment sales rose 12 percent in the second quarter. But sales of construction and forestry equipment dropped five percent.