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Deere Reports Higher Q3 Results
Aug 16, 2006
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Deere & Company announced worldwide net income of U.S. $436 million, or $1.85 per share, for the third quarter ended July 31, compared with $387.1 million, or $1.58 per share, for the same period last year. Income from continuing operations was $435.7 million, or $1.85 per share, for the third quarter, versus $378.8 million, or $1.55 per share, last year.

For the first 9 months, net income was $1.416 billion, or $5.96 per share, compared with $1.214 billion, or $4.89 per share, last year. Nine-month net income from continuing operations was $1.177 billion, or $4.95 per share, compared with $1.193 billion, or $4.81 per share, last year.

Worldwide net sales and revenues increased 8 percent to $6.267 billion for the third quarter, compared with a year ago, and increased 5 percent to $17.030 billion for the first 9 months. Net sales of the equipment operations were $5.677 billion for the quarter and $15.398 billion for nine months, compared with $5.370 billion and $14.916 billion for the respective periods last year.

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