Deere & 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. / 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.

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 and Company

A familiar face has joined the Deere and Company board of directors. Wednesday the company announced the addition of Charles Holliday Junior, currently chairman of Royal Dutch Shell. 

Deere and Company will help re-build homes for victims of Hurricanes Harvey, Irma, and Maria. Friday it announced a donation of one million dollars for Habitat Hammers Back, a division of Habitat for Humanity that focuses on long-term recovery.

A man leaves the John Deere World Headquarters after the annual meeting.
Michelle O'Neill / WVIK News

Hundreds of people who own John Deere stock will come to the Quad Cities tomorrow. Michelle O'Neill reports the company's annual meeting will be held at World Headquarters in Moline.

Shareholders will elect twelve directors, including the newest one, Alan Heuberger. He's Senior Manager at BMGI, a consulting firm specializing in strategic problem-solving. Shareholders will also vote on other routine items such as Deere and Company's accounting firm and executive compensation.

John Deere Releases Fourth Quarter Earnings

Nov 23, 2016
Andy Melton / Flickr

Deere & Company has reported 4th quarter earnings of $285 million dollars. That's $.0.90 per share for the quarter, down from earnings of $351 million, or $1.08 a share for the same period last year.

Revenue and profits have been lower than 2015 due to the global farm recession and weakness in construction, but all along the company has emphasized it's still profitable.

In addition to the operating factors, a higher effective tax rate in 2016 reduced both quarterly and annual results.

Net income in 2016 is $1.5 billion, down 21 percent from $1.9 billion in 2015.

Hanson Funeral

May 23, 2016
Deere & Company

The funeral for Robert Hanson will be held Tuesday. The former chairman and ceo of Deere and Company died last Thursday in Florida at  the age of 91.

Visitation will be held at the Trimble Funeral Home in Moline from 10 to 11 am, followed by a funeral service at 11. Following a luncheon and hospitality gathering for family and friends at Trimble, burial will be at Moline Memorial Park. 

Augustana College

A former chairman of Deere and Company has died. Robert Hanson died on Thursday in Florida - he was 91 years old.