Deere and Company

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.