Content about Deere & Co.

September 9, 2013

Deere & Company has made plans to invest $40 million to manufacture its high-horsepower 8R tractors at the company's factory in Montenegro, Brazil.

The move is part of a larger strategy to expand Deere's market presence in Brazil. The company currently builds other kinds of tractors in Montenegro, but not the popular 8R model. 

September 4, 2013

Deere & Company is in the process of reviewing its strategic options for its John Deere Water irrigation operations.

Deere stated that it remained commmitted to effective water management and its important role in global agriculture. Deere intends to continue offering products and services in this area, as well as enhancing existing products such as John Deere Field Connect, its in-field moisture sensing and climate monitoring system.

August 14, 2013

Deere & Company outpaced the expectations of analysts with its third quarter earnings. The company made $997 million in net income, a 26% year-over-year increase.

Net sales, which experienced a 4% gain, were at $10.01 billion.

According to the company, the performance boost is largely attributed to robust sales in farm machinery and financial services, with sales and income higher than any previous third quarter period.

June 3, 2013

Deere & Company has elected Cargill CEO Gregory R. Page to its board of directors. Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. 

Based in Minneapolis, the privately held company employs about 140,000 people in 65 countries and has annual sales of more than $130 billion.

November 21, 2012

Moline, Ill.-based Deere & Co. reported net income of $687.6 million in its fourth quarter ended Oct. 31, a 2.7% gain compared to the same quarter last year.

For fiscal 2012, net income attributable to Deere & Company was $3.065 billion, compared with $2.800 billion in 2011.  Worldwide net sales and revenues rose 14%, to $9.792 billion, for the fourth quarter and increased 13% to $36.157 billion for the full year

August 15, 2012

Deere & Co. has posted third-quarter net income of $788.0 million, up 10.6% from $712.3 million for the same period last year.

"John Deere delivered record third-quarter performance in both sales and income," said Samuel Allen, chairman and CEO. "Although a strong quarter, we are not satisfied that sales fell short of our expectations due to weakening in certain international markets and short-term manufacturing inefficiencies resulting from the introduction of a record number of new products." 

December 15, 2010

Moline, Ill.-based Deere & Co. announced it will build a construction equipment manufacturing plant in the Tianjin Economic-Technological Development Area (TEDA) in northern China.

The new facility will produce four-wheel-drive loaders and excavators for sale in China and for export. The company said the facility represents a $50 million investment and is the company’s sixth manufacturing location in China and the second in the TEDA.

December 13, 2010

Moline, Ill.-based Deere & Co. announced it has completed the sale of its wind energy business, John Deere Renewables, to Chicago-based Exelon Generation Company, a wholly owned subsidiary of Exelon Corporation.

The sale was completed Dec. 10 and consisted of 36 wind projects in eight states- generating 735 operating megawatts of clean, renewable energy- enough to power 160,000 to 220,000 households.
 

November 23, 2010

Moline, Ill.-based Deere & Co., the 173-year old manufacturer of yard, farm and forestry equipment,...

October 24, 2010

Moline, Ill.-based Deere & Co. renamed its credit and financial services division to John Deere...

August 31, 2010

Moline, Ill.-based Deere & Co. has signed an agreement to sell John Deere Renewables, its...

June 4, 2008

Nathan Jones retired from John Deere in December 2007 after serving 28 years with the manufacturer....

February 14, 2008

According to Robert W. Lane, chairman and CEO of Deere, favorable conditions throughout the global...

November 20, 2007

Strong global farm economy bolsters fourth-quarter results...