first quarter

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."

Students in the Rock Island School District will have to stay home and learn remotely for a while longer. On Monday, Superintendent Reginald Lawrence announced the schools will not re-open next week as he had hoped. 

John Deere

Despite a decline in sales, profits rose for John Deere in its first quarter. Friday the company reported profits rose four per cent to $1.63 per share, compared with $1.54 last year at this time. But worldwide sales fell four per cent, to 7.6 billion dollars.