Deere pays the price to avoid supply chain challenges, harvest growth potential May 24, 2021 Deere & Co. reported FQ’21 (to May 2) revenues which jumped 30.3% year over year, beating analysts’ estimates by 4.2 percentage points. That came despite sourcing challenges which the firm expects to increase through the balance of the year. The agricultural equipment maker is clearly having s... Read more →
Deere expects farm equipment growth, supply chain a pandemic risk November 27, 2020 Farm equipment maker Deere & Co. reported a 2% year over year decline in revenues in the quarter to Oct. 31. That included a 16% drop in construction and a 1% dip in agricultural machinery. The firm expects revenue growth of 5% to 10% for the coming 12 months driven by “improved fundamentals i... Read more →
Deere downbeat on farmers’ fluid feelings about trade policy August 25, 2020 Deere & Co. reported revenues which fell by 11.0% year over year in the three months to Aug. 2 due to weak construction machinery sales. The firm has struck a downbeat outlook due to “COVID-19 as well as efforts to bring down field inventory levels” in construction machinery. Total U.S. seabor... Read more →
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