Deere & Co.

Rural Lifestyle Market Continues on Its Hot Streak

October 22, 2020 | Posted in Data & Forecasts

While some positive signs are emerging for large equipment sales in the production segment of the agricultural industry, sales of small equipment and other rural lifestyle products is where the real action is these days. In addition to the record-setting sales of compact tractors, other segments of this market are also booming.

Deere Completes Brazil’s Unimil Acquisition

September 1, 2020 | Posted in Manufacturer News

Deere & Co. has completed its acquisition of Unimil, a Brazilian company in the aftermarket service parts business for sugarcane harvesters.

Second Quarter Ag Equipment Sales Beat Expectations

By Dave Kanicki posted on August 24, 2020 | Posted in Data & Forecasts

Recent quarterly earnings reports for the major farm machinery manufacturers were described as either “better than expected” or “could have been worse,” according to several industry analysts. This is to say, at least, AGCO and Deere exceeded analysts’ expectations. (CNH Industrial didn’t.)

Deere’s 3QFY20 Sales & Revenue Drop 11%; Ag & Turf Equipment Down 5%

August 21, 2020 | Posted in Manufacturer News

Deere & Co. reported consolidated net sales and revenues of $8.9 billion during its third quarter ended Aug. 2, 2020 vs. $10 billion in the same period a year earlier, a decline of 11%. Equipment operations came in at $7.9 billion during the period compared to nearly $9 billion last year, also a drop off of 12%.

Deere Announces New Operating Model Focused on Unlocking Customer Value

June 17, 2020 | Posted in Manufacturer News

The Deere Smart Industrial strategy is designed to unlock new value for customers and to help them become more profitable and sustainable, while simultaneously revolutionizing the agriculture and construction industries through the rapid introduction of new technologies.

Deere Begins Production of Protective Face Shields for Health-Care Workers

April 9, 2020 | Posted in Manufacturer News

Deere employees will initially produce 25,000 face shields to meet the immediate needs of health-care workers in several of its U.S. manufacturing communities.

Deere’s Chief Spokesman for 21 Years Announces His Retirement

February 27, 2020 | Posted in Manufacturer News

Source: Quad-City Times

After 30 years with Deere, including 21 has its chief spokesman, Ken Golden is retiring, according to a Feb. 25 report in the Quad-City Times. His last day is Feb. 28.

Deere’s FY1Q20 Net Sales Drop, But Net Income Improves

February 21, 2020 | Posted in Manufacturer News

Deere & Co. reported that its worldwide net sales and revenues decreased 4% in the first quarter of 2020, ended Feb. 2, to $7.63 billion. Net sales of the company’s equipment operations were $6.53 billion for the quarter, compared with $6.94 billion in 2019; a decline of 6%.