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Deere Announces Fourth-Quarter Net Income of $785 Million and $2.368 Billion for Year – 11.2018

Manfred Lorenzen - John Deere R4050i
Deere & Company , MOLINE, Illinois (November 21, 2018): Deere & Company reported net income of $784.8 million for the fourth quarter ended October 28, 2018. Facts: Fourth-quarter earnings increase 54%; net sales rise 18% to $8.3 billion. Advanced technology and product features earn positive response from customers. Construction & Forestry results boosted by successful integration of Wirtgen unit. Forecast for 2019 calls for net income of approximately $3.6 billion on sales gain of about 7%. Company Outlook & Summary:
“Deere’s performance in 2018 provides further evidence of the company’s success executing its strategic initiatives, especially those focused on developing precision technologies and a wider range of revenue sources,” commented Allen.
… read more – agrartechnik-jobs.delmv-jobboerseManfred Lorenzen, Soest
Quelle: Deere & Company