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Tag: John Deere construction equipment sales
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 Q4 and fiscal-year profits again increase to record highs
For the third straight year and the 14th-straight quarter, John Deere has announced record earnings. And, based on the recovering economy and housing market, the manufacturer sees things pickup up for its construction equipment business in 2014. The heavy equipment manufacturer announced Wednesday that profit for the fourth quarter of the year was up 17 […]
November 20, 2013
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