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Deere Announces Second-Quarter Earnings of $495 Million - May 20, 2016

Deere & Company, MOLINE, Illinois: Net income attributable to Deere & Company was $495.4 million, or $1.56 per share, for the second quarter ended April 30, compared with $690.5 million, or $2.03 per share, for the same period last year. •    Global farm recession, weak construction-equipment markets lead to lower sales and earnings for quarter and six months.•    All company businesses remain profitable for both periods, aided by sound execution and disciplined cost management. •    Full-year forecast calls for 9% sales decline and earnings of $1.2 billion. "John Deere's second-quarter performance reflected the continuing impact of the downturn in the global farm economy and further weakness in the construction equipment sector," said Samuel R. Allen, chairman and chief executive officer. "In the face of challenging market conditions, Deere's businesses benefited from the sound execution of operating plans, the strength of a broad product portfolio and our success creating a more flexible cost structure." read more ... - lmv-jobboerse - presse - Manfred Lorenzen, Soest
Deere & Company - John Deere GmbH & Co. KG