Data & Forecasts

Forecasts & Trends

Deere Expects to Remain Profitable Despite Slumping Ag Sales

Despite a less-than rosy outlook for ag for the remainder of 2015, Deere & Co. expects to remain solidly profitable for the year. Its outlook calls for net income of $1.9 billion for fiscal 2015, up from its previous guidance of $1.8 billion. The company is projecting a continued recovery in its construction equipment business as well as “adept execution” of its operating plans.
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Cervus Reports 1Q Revenues Up 43%

Cervus Equipment reported its first quarter revenues increased $71.5 million, or 43% compared to the same quarter last year. However, on a same-store basis, revenues were down $11 million or 7% vs. the first quarter of 2014.
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