Deere and Company

Deere & Company / Deere & Company

It's difficult to know what shareholders thought about Deere and Company's first, virtual annual meeting. But they're probably satisfied with record, first quarter earnings and an 18% increase in the dividend.

https://s22.q4cdn.com/253594569/files/doc_financials/2021/q1/1Q_2021_Earnings-Call-Presentation.pdf / Deere & Company

Pandemic - what Pandemic ! Despite the coronavirus John Deere has just finished one of the best quarters ever, reporting Friday the highest net income in company history, $1.2 billion.

Spokeswoman Jen Hartmann says during November, December, and January, sales jumped 19 per cent and net income more than doubled.

"Our customers and the industries we serve have really kept cranking. Market conditions have gotten better for one thing, crop prices have risen strongly, and construction activity has picked up."

Michelle O'Neill / WVIK News

John Deere is making changes to meet customer needs and do it faster.

Michelle O'Neill reports today, the company announced it's re-structuring and implementing a new operating model. 


Deere 3rd Quarter Results

Aug 16, 2019
Deere and Company

A very mixed third quarter for John Deere. Friday the company reported results for May, June, and July, showing sales fell 3 per cent, while profits rose 1 per cent. 

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.

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