Deere employees will initially produce 25,000 face shields to meet the immediate needs of health-care workers in several of its U.S. manufacturing communities.
Deere & Co. reported that its worldwide net sales and revenues decreased 4% in the first quarter of 2020, ended Feb. 2, to $7.63 billion. Net sales of the company’s equipment operations were $6.53 billion for the quarter, compared with $6.94 billion in 2019; a decline of 6%.
Deere & Co. reported net income of $722 million for the fourth quarter ended Nov. 3, 2019, compared with net income of $785 million for the quarter ended Oct. 28, 2018. For fiscal 2019, net income attributable to Deere & Co. was $3.253 billion compared with $2.368 billion in 2018.
Net sales from the agriculture & turf division improved by 3% to $7.3 billion vs. $7.04 billion the previous year. Year-to-date, net sales for the division were nearly $12 billion, an increase of 6% vs. the first 6 months of 2018.
John Deere dealerships pulling together for the relief effort included Landmark Implement, AgriVision Equipment Group, Green Line, Platte Valley Equipment, Stutheit Implement Co., Plains Equipment Group, Grossenburg Implement and 21st Century Equipment LLC.
Moline-based Deere & Co. announced Friday that its Board of Directors has elected John C. May, 49, president and chief operating officer, effective April 1.
Deere & Co. reported net income of $498.5 million for the first quarter ended Jan. 27, 2019 compared with a net loss of $535.1 million for the quarter ended Jan. 28, 2018.
Max Guinn is retiring after 38 years of service at Deere. James Field, who had been a president in Deere's Agriculture & Turf Division, will succeed Guinn as president of Worldwide Construction & Forestry.
Deere & Co. reported net income of $910.3 million for the third quarter ended July 29, 2018 compared with net income of $641.8 million for the quarter ended July 30, 2017.
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