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Deere Reports Fourth-Quarter Results
Nov 27, 2006
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Deere announced worldwide net income of U.S. $277.3 million, or $1.20 per share, for the fourth quarter ended Oct. 31, compared with $232.8 million, or $0.96 per share, for the same period last year. Income from continuing operations, which excludes the company's discontinued health-care business, was $276.7 million, or $1.20 per share, for the quarter, versus $220.7 million, or $0.91 per share, last year.

For the full year, net income was $1.694 billion, or $7.18 per share, compared with $1.447 billion, or $5.87 per share, a year ago. Full-year income from continuing operations was $1.453 billion, or $6.16 per share, compared with $1.414 billion, or $5.74 per share, last year.

Worldwide net sales and revenues increased 3 percent for the quarter, to $5.118 billion, and increased 5 percent for the year, to $22.148 billion. Net sales of the equipment operations were $4.486 billion for the quarter and $19.884 billion for the year, compared with $4.486 billion and $19.401 billion for the respective periods of 2005.

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