Tag: John Deere earnings

Dealers

Deere sales jump 32% in 3Q as customers update aging equipment fleets

Get the scoop about Deere & Company's 32% increase in global net sales and revenues during the 3rd quarter of 2018 on Equipment World.

August 20, 2018

Construction Equipment

Deere sales up 23% in Q1 with 57% jump in construction equipment; tax reform has early negative impact

Due to the passing of December’s U.S. tax reform bill, John Deere reports that it posted a loss of $535.1 million during its first quarter, which ended January 28. Without changes brought on by the tax reform bill, Deere says the quarter would have brought income of $430 million on sales $6.9 billion. However, Deere […]

March 5, 2018

Dealers

John Deere Q2 profit spikes 62%, sales and revenue up 5%

Deere & Company’s net income grew 62 percent in the second quarter of its fiscal year 2017, which ended April 30. Net income rose to $820.4 million compared to the $495.4 million in the same period last year. Net income for the first six months of the year reached $996.2 million, compared to $749.8 million […]

May 25, 2017

Construction Equipment

John Deere optimistic for remainder of 2017 despite 24% 1Q profit decline

Though profit and equipment sales for John Deere were down in the first quarter, chairman and chief executive officer Samuel Allen says there is reason for optimism in 2017. “…All of our businesses remained solidly profitable,” Allen said in a statement included in the company’s quarterly earnings report for the period ending January 29. “Deere’s […]

February 27, 2017

Business

John Deere sales continue to fall as profit is cut by 40% in 1Q

John Deere saw sales decline and a sharp cut in profit for the first quarter, and in response the company has adjusted downward its outlook for the full fiscal year. Deere reported 1Q sales of $5.5 billion, down 13 percent from the same period last year. Profit fell 40 percent to $254.4 million. The global farming […]

February 25, 2016

Business

John Deere profits fall 40% in 2015; will cut 220 workers in Moline as low equipment demand is expected to continue

With decreased demand for both agriculture and construction equipment impacting the company, John Deere saw massive decreases in both profit and sales in fiscal year 2015. Deere sales fell 20 percent during the fiscal year, which ended Oct. 31, to $29 billion. Profit fell 40 percent to $1.940 billion, beating the company’s forecast which it dropped to $1.8 […]

December 1, 2015

Business

John Deere feels impact of energy slowdown in 3Q as construction equipment sales fall 13%

After a third quarter that brought more severe decreases in sales and profit, John Deere has cut its forecast for the rest of the year as the company now faces slowed demand for construction equipment alongside an existing farming slump. Deere sales fell 20 percent during the quarter to $7.6 billion while profit dropped 40 percent […]

August 21, 2015

Business

John Deere 1Q profit plummets 43% as ag slowdown continues; further declines expected

In recent years, as the effects of the recession were hammering the construction industry and the profit margins of heavy equipment manufacturers, John Deere posted 15 straight quarters of record earnings on the strength of its farm equipment sales. And now, as construction is fighting its way back, a global slowdown in the agricultural sector […]

February 22, 2015

Business

John Deere makes huge gains in construction equipment sales during 2014, but ag slowdown brings full-year profit down 11%

After smashing earnings records in 2013, three straight down quarters due to a global farming slowdown resulted in an unfavorable fiscal 2014 for John Deere, and the company expects things to only get worse in 2015. The company announced a profit decrease of 11 percent to $3.162 billion during fiscal year 2014, which ended October […]

December 1, 2014

Business

John Deere cuts outlook as low demand for farm equipment drops profit 14% in 3Q

Despite improving performance from its construction and forestry equipment division, John Deere reported a second-straight quarter of declines in profit and sales as the company continues to deal with a lower demand for farm equipment. Construction and forestry equipment sales shot up 19 percent to $1.75 billion with operating profit soaring 81 percent to $194 […]

August 13, 2014

Business

John Deere profit drops 10% in 2Q, sales and revenues fall 9%

Snapping a streak of 15 consecutive quarters with record earnings, John Deere announced Wednesday declines in both profit and revenues during the second quarter. As a result, the company revised its sales forecast for the rest of the fiscal year downward. The company announced profit of $980.7 million, or $2.65 per share, for the second […]

May 14, 2014

Business

John Deere construction equipment profits rise 32% in another record-breaking Q1

John Deere has announced record earnings for the 15th straight quarter, but it’s outlook for the rest of the year isn’t quite as bright. In its first fiscal quarter ending January 31, John Deere profits were up 5 percent over Q1 2013 to $681.1 million. Net sales and revenues were up as well, increasing 3 […]

February 12, 2014