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 →
Briggs & Stratton pays price for COVID-19 as small engine shipments sputter July 23, 2020 Briggs & Stratton has filed for bankruptcy protection and has agreed a sale of its assets to KPS Capital. Among other issues the manufacturer of small-scale engines has suffered a slump in demand due to COVID-19. It’s also had to deal with supply chain challenges due to the rapidly changing la... Read more →
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