Deere and Company

Michelle O'Neill / WVIK News

Sales rose but net income fell for John Deere during its second quarter.

Today, the company reported sales rose 6% to 11.3 billion dollars during February, March, and April.

Profits totaled $1.1 billion, compared to $1.2 billion at this time a year ago.

John Deere will report results for its second quarter on Friday, and analysts are mostly optimistic. As reported by Yahoo Finance, they predict revenue will climb 4.5 per cent from the same quarter last year, to $10.1 billion.  And that earnings per share will jump 15 per cent to $3.61. 

https://youtu.be/GADKYVgkrN0 / Deere & Company, Investor Relations page

After ten years leading John Deere, Chair and CEO Sam Allen is still convinced the company's best days are ahead. At Wednesday's annual meeting in Moline, Illinois, shareholders elected Deere and Company's board of directors and watched a couple of videos.

Michelle O'Neill reports they also listened to a review of past performance, and how the company will meet new challenges.


https://goo.gl/ZnpKHw / Deere & Company

A year after reporting a loss due to federal tax changes, Deere and Company reports first quarter earnings came in at the second highest level ever.

Deere says from November through January, net income totalled $498.5 million, or $1.54 per share. And sales rose 16% to $6.9 billion.

Michelle O'Neill / WVIK News

John Deere is taking two companies to court, saying they are using patented inventions in their products.

Michelle O'Neill reports there 's some history among the companies involved.


John Deere

John Deere has announced an ambitious list of sustainability goals, and set a deadline to achieve them of 2022. The goals focus on 5 key areas including occupational safety, sustainable energy use, responsible water use, increased recycling, and sustainable products.

Iowa State University

One year after opening an office in Iowa State University's Research Park, Deere and Company plans to expand. It's announced plans for its own building to use as a design and test lab for agricultural spraying and related technology.

submitted / Deere and Company

Deere and Company plans to buy a private business that makes carbon fiber technology products. King Agro is based in Valencia, Spain and also operates a factory in Campana, Argentina.

Deere Earnings Increase In 4th Quarter, 2017

Nov 22, 2017
Charles & Hudson / Flickr

Deere and Company is recovering from three years of a global farm recession and weak construction markets. 

Deere Wins Trademark Case

Oct 17, 2017
Ag Spray Equipment

Deere and Company has won a trademark dispute with a South Dakota company that makes agricultural sprayers. A federal judge in Kentucky has ruled FIMCO Incorporated, and its brand of Ag Spray Equipment, cannot use John Deere green and yellow on its products.

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