“Deere’s strong performance for both the fourth quarter and full year is a tribute to our dedicated team of employees, dealers, and suppliers throughout the world,” said John C. May, chairman and chief executive officer.
Deere & Company reported net income of $1.884 billion for the third quarter ended July 31, 2022, compared with net income of $1.667 billion for the quarter ended August 1, 2021.
Deere & Co.'s worldwide net sales and revenues increased 16%, to $11.327 billion, for the fourth quarter of fiscal 2021 and rose 24%, to $44.024 billion, for the full year.
In this podcast, we report on Cervus Equipment's record second quarter earnings as well as the dealership's announcement that it has agreed to be acquired by Brandt Tractor. In the Technology Corner, Michaela Paukner discusses Purdue University's new precision ag course for high school teachers. Also in this episode: AGCO CEO Eric Hansotia says they are positioning Challenger as a "track tractor" brand, dealer optimism drops amid inventory challenges and Deere's third quarter earnings report.
We’re excited to be back in the office for this week’s podcast, which includes coverage of Titan Machinery’s strong first quarter performance, as well as the latest earnings reports from Deere & Co., AGCO and CNH Industrial. In the Technology Corner, Jack Zemlicka shares some of the results of the 7th Annual Strip-Till Operational Benchmark Study. Also in this episode, Deere earns the Dealer’s Choice Award in the Equipment Dealers Assn.’s Dealer-Manufacturer Relations survey, and dealer sentiment remains down in both North America and Europe.
Net income attributable to Deere & Co. (DE) (NYSE: DE) was $285.3 million, or $0.90 per share, for the fourth quarter ended October 31, compared with $351.2 million, or $1.08 per share, for the same period of 2015. For fiscal 2016, net income attributable to Deere & Co. was $1.524 billion, or $4.81 per share, compared with $1.940 billion, or $5.77 per share, in 2015.
Sales from the Agriculture & Turf division fell 24% for the quarter and 25% for nine
months due largely to lower shipment volumes and the unfavorable effects of currency
translation.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at the latest used combine pricing and inventory report from Sandhills Global.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
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