Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Deere 2Q Profits Increase 80 Percent
May 14, 2003
 Printable format
 Email this Article
 Search
Better-than-expected sales and continued cost-cutting helped Deere & Co. post an 80-percent increase in its second-quarter earnings.  The manufacturer earned $256.9 million, or U.S. $1.07 a share, for the 3 months ended April 30, up from $141.8 million, or $0.59 a share, a year ago.

Revenue for the quarter grew 10 percent to $4.4 billion, up from $3.99 billion last year. Deere chairman and chief executive Robert W. Lane said sales increased in the company's three major equipment lines ? construction and forestry, commercial, and consumer equipment. He said revenues also were aided by favorable currency exchange rates and the effects of cost-cutting efforts within the company.

For the first 6 months of the fiscal year, Deere earned $324.9 million, or $1.35 a share, versus $103.6 million, or $0.43 a share, a year ago. Revenue rose to $7.19 billion from $6.51 billion a year ago. But the company trimmed its sales growth forecast for the full year, saying it expects sales will be up 6 percent to 8 percent, slightly below earlier estimates. Deere predicts earnings for the year will remain in a range of $500 million to $600 million. (Reuters)

Back to Daily News

 

Daily News

...........................................................

Aug 21, 2014: Miele Annual Sales Up 2.2%

Aug 21, 2014: TTI Reports Record Sales

Aug 21, 2014: Stihl Annual Cycling Event Raises $539,000 So Far in 2014

Aug 14, 2014: Electrolux In Talks to Acquire GE Appliances

Aug 14, 2014: June U.S. Cutting Tool Consumption Strongest of 2014

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows