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Tag: Deere & Company
Construction Equipment
Deere optimistic about 2021 despite mixed Q4 earnings
Deere & Company's construction and forestry equipment sales decreased 20% year-over-year, however they are optimistic for the year ahead. More details here.
December 1, 2020
Dealers
Deere Q3 construction equipment sales drop 28%
Deere & Company global net sales and revenues decreased 11 percent, to $8.925 billion, for the third quarter of 2020 and declined 12 percent, to $25.809 billion, for the first nine months of the company’s fiscal year. Net sales for Deere’s Construction & Forestry segment declined by 28 percent for the quarter, going from $3.023 […]
August 24, 2020
Construction Equipment
Deere taps Stone to lead reorganized Construction & Forestry equipment division
Deere & Company has named John Stone as president, Worldwide Construction & Forestry and Power Systems. In his new position, Stone will be responsible for the overall management and performance of the company’s global construction and forestry operations. In addition, he will oversee Deere’s engine, drivetrain and electronic-component business. Joining the company in 2002, Stone […]
July 1, 2020
Construction Equipment
Deere 1Q sales decrease 4%, construction and forestry sales decrease 10%
Deere & Company says net sales and revenues decreased 4 percent in its first quarter (ending Feb. 2) compared with the same period the year before. One culprit for the decrease: slowing activity in the company’s Construction & Forestry division. Net sales for the Construction & Forestry division decreased by 10 percent, with the 1Q […]
March 3, 2020
Construction Equipment
Deere announces additional layoffs at Davenport plant
Deere & Company will lay off 57 additional workers from its Davenport Works plant in Davenport, Iowa, according to a report in the Des Moines Register. The action follows Deere’s fiscal 2019 report when the company said it expected 2020 construction equipment sales to drop by 10 to 15 percent. This was despite the record year […]
December 11, 2019
Dealers
Deere sees 2019 sales rise 5%; forecasts 2020 construction equipment sales to drop 10-15%
Deere & Company reported that net sales and revenues increased 5 percent in both the fourth quarter and fiscal full-year 2019. Net equipment sales were $8.703 billion for the quarter and $34.886 billion for the year, compared to fiscal 2018’s $8.343 billion and $33.351 billion, respectively. Continuing negatives for Deere include agricultural sector uncertainties, lingering […]
November 27, 2019
Construction Equipment
Deere CEO Allen to step down; company taps COO May as successor
John C. May will be the next chief executive officer at Deere & Company following a board vote, the company has announced. Allen, a 44-year veteran of the company, will step down from the CEO role November 4, but will continue as the company’s board chairman. Allen has served as CEO of the company for 10 […]
September 2, 2019
Construction Equipment
Deere taps May as president and COO
John May will become the new president and chief operating officer of Deere & Company April 1. May, a 22-year veteran of the company and currently serving as the president of the company’s worldwide Agriculture & Turf division, was elected to helm the company by the board of directors. “John’s record of success and proven […]
March 6, 2019
Construction Equipment
Deere realigns key Construction and Forestry leadership roles as Guinn announces retirement
As Max Guinn plans to retire as president of the Worldwide Construction and Forestry Division, four other leadership roles will be changing at Deere. More here!
October 4, 2018
Dealers
Deere completes acquisition of Wirtgen Group
Exactly six months after announcing the transformative deal, Deere & Company says it has completed its acquisition of the Wirtgen Group. Plans for the $5.2 billion purchase were announced June 1 and with it John Deere becomes the first manufacturer to have crushing and screening, as well as mobile equipment, all under one company. Deere […]
December 1, 2017
Construction Equipment
Deere donates $1 million to help with hurricane recovery efforts
Deere & Company announces a $1 million donation to Habitat Hammers Back, a long-term recovery initiative by Habitat for Humanity International to help repair and rebuild communities ravaged by Hurricanes Harvey, Irma, and Maria. The $1 million commitment to Habitat Hammers Back will include: An annual $500,000 contribution by the John Deere Foundation to the […]
October 11, 2017
Dealers
Deere Q3 net income soars 31%, construction/forestry sales up 29%
Deere & Company net income for the third quarter of fiscal 2017 increased 31.3 percent, compared to the same period last year, to reach $641.8 million, while construction and forestry division sales increased 29 percent. Total worldwide net sales and revenues increased 16 percent to $7.8 billion for the quarter compared to Q3 2016, with […]
August 22, 2017
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