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Deere & Company Announces Net Income of US-$3.253 Billion for Year 2019 - November 27, 2019

 M. Lorenzen, John Deere  8R - 410
Deere & Company, MOLINE, Illinois (US) / John Deere GmbH & Co. KG, Mannheim: Deere & Company reported net income of $722 million for the fourth quarter ended November, 2019 3, 2019, or $2.27 per share, compared with net income of $785 million, or $2.42 per share, for the quarter ended October 28, 2018.
For fiscal 2019, net income attributable to Deere & Company was $3.253 billion, or $10.15 per share, compared with $2.368 billion, or $7.24 per share, in 2018. • Net sales increase 4% for fourth quarter and 5% for full year. • Construction & Forestry reports higher sales and profit for year. • Full-year 2020 forecast calls for net income of $2.7 to $3.1 billion, reflecting uncertainties in our equipment operations. John Deere’s performance reflected continued uncertainties in the agricultural sector,” said John C. May, chief executive officer. “Lingering trade tensions coupled with a year of difficult growing and harvesting conditions have caused many farmers to become cautious about making major investments in new equipment. , financial services results have come under pressure due to operating-lease losses. At the same time, general economic conditions have remained favorable. This has supported demand for smaller equipment and led to solid results for Deere’s construction and forestry business, which had a record year for sales and operating profit.” … read more – lmv-jobboerseManfred Lorenzen, Soest
Quelle: Deere & Company / John Deere GmbH & Co. KG

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