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 →
Tariff Quote Watch: Deere’s Yet To Dig Itself Out Of All Duty Risks November 22, 2018 Deere & Co. may face a $125 million drag to earnings in 2019 due to U.S. import tariffs on metals and Chinese exports, equivalent to 2.7% of analysts’ earnings estimates. The firm is “working with suppliers” to cut that number according to IR Director Josh Jepsen. If anything Deere has become ... Read more →
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