"We achieved record sales for the second consecutive quarter through continued price management and strong market demand, while remaining highly focused on operational excellence and execution," said Stephen G. Kaniewski, president and chief executive officer.
Deere & Company has announced new goals, known as the Leap Ambitions, that are linked to the Smart Industrial strategy and operating model introduced in 2020.
Deere & Company reported net income of $903 million for the first quarter ended Jan. 30, 2022, or $2.92 per share, compared with net income of $1.224 billion, or $3.87 per share, for the quarter ended Jan. 31, 2021.
Domestic revenue increased by $66 million (+1.3%) from the prior year to $5.2 billion because of increased revenue in Farm & Industrial Machinery mainly due to increased sales of farm equipment, despite a decrease in revenue in Water & Environment and Other.
Mahindra & Mahindra, the global market leader in the tractor segment, may look at spinning off its farm machinery business in the hope of tapping automotive opportunities in the future.
Monarch Tractor, Livermore, Calif., demonstrated that electricity at World Ag Expo when it paired up with another startup, OnTarget, Mt. Angel, Ore., which uses electrostatic technology to provide super-precise sprays.
Valmont Industries Inc. announced that Renee Campbell, vice president, investor relations and corporate communications, has been named senior vice president, investor relations and treasurer.
Deere & Company has acquired majority ownership of Kreisel Electric Inc. as of Feb. 8, following regulatory approval. The acquisition shows Deere is moving toward electrification of its products.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at Compeer Financial and PepsiCo’s pilot program to help lower the cost of strip-till equipment for farmers.
Since 1980, A&I Products has become a leading manufacturer and wholesale distributor of aftermarket replacement parts for the agricultural, turf, and industrial equipment markets. A&I Products' experience and expertise has greatly contributed to the company's reputation as a top supplier of quality, reasonably priced parts. Founded with roots as a small machine shop and repair facility, the company made the transition by manufacturing new parts to replace those that were identified as commonly needing repair. Throughout the 1980s, the company quickly garnered a reputation for offering quality parts at a reasonable price.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
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