Deere & Co. has signed an agreement to acquire Unimil, a privately-held Brazilian company in the aftermarket service parts business for sugarcane harvesters, according to a press release from the company.
In this week’s podcast, we discuss two tractor lines that had disappeared from the U.S. market — Bobcat and Farmtrac — that are set to make a return. In the Technology Corner Jack Zemlicka discusses dealers' 5-year precision revenue outlook. Also in this episode, Deere & Co.'s third quarter earnings report and Cervus Equipment's second quarter earnings.
Deere & Co.’s worldwide net sales and revenues decreased 3% to $10 billion, for the third quarter of 2019 and increased 5% to $29.4 billion, for 9 months. Net sales of the equipment operations were $9 billion for the quarter and $26.2 billion for 9 months, compared with $9.3 billion and $25 billion last year.
Deere & Co. reported net income of $1.135 billion for the second quarter ended April 28, 2019, compared with net income of $1.208 billion for the quarter ended April 29, 2018.
The John Deere agricultural dealers in the state have teamed up to contribute $60,000 for disaster relief with donations being distributed to a variety of programs aiding farmers, ranchers and rural communities.
Moline-based Deere & Co. announced Friday that its Board of Directors has elected John C. May, 49, president and chief operating officer, effective April 1.
Deere & Co. reported net income of $498.5 million for the first quarter ended Jan. 27, 2019 compared with a net loss of $535.1 million for the quarter ended Jan. 28, 2018.
Deere & Co. is launching the Startup Collaborator program in its Intelligent Solutions Group to enhance and deepen its interaction with startup companies whose technology could add value for John Deere customers.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at Titan Machinery’s Q4 and FY 2025 earnings, and the improvement in inventory levels over the last 2 quarters
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