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John Deere kampagner

Deere Reports Earnings of $510 Million for Fourth Quarter and $2.159 Billion for Year

NYHEDER

13.12.2017

NEWS RELEASE Ken Golden Director, Global Public Relations Deere & Company 309-765-5678 Deere Reports Earnings of $510 Million for Fourth Quarter and $2.159 Billion for Year     Improving markets for farm and construction equipment contribute to higher results for both fourth quarter and full year.     Performance shows continued benefit from advanced products, flexible cost structure.     2018 forecast calls for net income of $2.6 billion. MOLINE, Illinois (November 22, 2017) — Net income attributable to Deere & Company was $510.3 million, or $1.57 per share, for the fourth quarter ended October 29, 2017, compared with $285.3 million, or $0.90 per share, for the quarter ended October 30, 2016. For fiscal 2017, net income attributable to Deere & Company was $2.159 billion, or $6.68 per share, compared with $1.524 billion, or $4.81 per share, in 2016. Worldwide net sales and revenues increased 23 percent, to $8.018 billion, for the fourth quarter and increased 12 percent, to $29.738 billion, for the full year. Net sales of the equipment operations were $7.094 billion for the quarter and $25.885 billion for the year, compared with respective totals of $5.650 billion and $23.387 billion in 2016. “John Deere has completed another successful year as markets for farm and construction equipment showed improvement and our actions to build a more durable business model yielded strong results,” said Samuel R. Allen, chairman and chief executive officer, adding that the...