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Tag: John Deere 1Q
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 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
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