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Deere’s huge 4Q caps 26% sales jump for FY2018; high machine demand expected to continue

Updated Dec 4, 2018

John Deere 324G

 

Deere 4Q18 highlights

 

Posting a 26-percent jump in net sales and revenues for the full year, Deere & Company is predicting strong equipment demand – and order backlogs –  will continue through mid-2019.

While total net sales and revenues reached $37.358 billion for the year, net sales for equipment operations shot up by 29 percent to $33.351 billion in 2018.

Fourth-quarter earnings soared by 54 percent over the same period a year ago.