Deere and Company Reports a Decline in 4Q Earnings

Deere and Company is reporting fiscal year 2019 fourth quarter earnings of $722 million on gross income of $9.9 billion. That’s down eight percent from the fourth quarter of 2018. Fiscal year 2019 full year net income is reported at $3.3 billion, a five percent increase year-over-year. Net sales of equipment operations for the year are reported at $35 billion, also up five percent year-over-year. Net sales for Deere’s Agriculture and Turf division is up two percent to $23.7 billion.