Articles tagged under: Deere and Company

Deere 2Q Income Down Slightly

Published May 21, 2026

Deere and Company finished the second quarter with net income of $1.77 billion, down from $1.8 billion one year ago. Sales in the production and precision agriculture division dropped 14 percent. While the small agriculture and turf division enjoyed a…

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Deere Names New CFO

Published May 7, 2026

Brent Norwood is the new senior vice president and chief financial officer for Deere & Co. Since 2023, Norwood has been the company’s vice president and finance director for its construction and forestry division and John Deere Power Systems.

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Deere Introduces New Combine

Published June 4, 2024

John Deere has introduced its new T6 800 walker combine. The new T6 800 combine includes many features from the X9 and S7 Series combines with the latest integrated precision ag technology, larger, quieter cab, increased unloading rate and improved…

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2Q Financials Released by Deere

Published May 17, 2024

Deere and Company reported net income of $2.3 billion for the second quarter. That’s down from $2.8 billion in the same period last year. Global sales were down 12 percent in the quarter. Demand was down in the agriculture and…

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Deere Reports 1Q Financials

Published February 19, 2024

Deere and Company report net income of $1.7 billion for the first quarter, down from $1.95 billion in the same quarter last year. Net sales were $10.4 billion for the quarter, compared to $11.4 billion in 2023.

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Deere Adds Tech Center in Brazil

Published December 19, 2023

John Deere is investing $36.5 million in a technology development center in Brazil. This is Deere’s first testing center in the world for tropical agriculture. Construction should be finished by the end of 2024.

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Layoffs for Deere & Company

Published September 21, 2023

John Deere plans to lay off 225 production workers at its Harvester Works factory in East Moline, Illinois on October 16. This plant has over 2,300 employees with 2,000 working in production.

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3Q Profits Up for John Deere

Published August 21, 2023

Deere and Company reports third quarter net income of $2.9 billion. That’s up from $1.8 billion in the same quarter last year. Sales from Deere’s farm equipment business rose to $14.2 billion, up from $13 billion one year ago. Credit…

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1Q Income Up for Deere

Published February 20, 2023

Deere & Company reports first quarter net income of $1.9 billion, up from $903 million one year ago. Deere's agriculture business enjoyed an uptick in sales due to improved shipment volumes and prices.

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Deere Returns to Consumer Electronics Show

Published January 6, 2023

John Deere was back at the Consumer Electronics Show in Las Vegas this past week. New planting technology called ExactShot was introduced. This technology allows farmers to reduce the amount of starter fertilizer by more than 60 percent. It uses…

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