John Deere small 8-inch by 12-inch tempered glass cutting board Modern Logo
- Company remains solidly profitable in face of global economic slowdown.
- U.S. market for agricultural equipment continues on strong pace.
- Focus on rigorous asset management yields positive results.
- Strong liquidity position and access to capital markets maintained.
MOLINE, Ill., May 20 /PRNewswire-FirstCall/ -- Deere & Company today announced worldwide net income of $472.3 million, or $1.11 per share, for the second quarter ended April 30, compared with $763.5 million, or $1.74 per share, for the same period last year. For the first six months of the year, net income was $676.2 million, or $1.60 per share, compared with $1.133 billion, or $2.56 per share, last year.
Worldwide net sales and revenues declined 17 percent, to $6.748 billion, for the second quarter and were down 11 percent to $11.894 billion for six months compared with a year ago. Net sales of the equipment operations were $6.187 billion for the quarter and $10.747 billion for six months, compared with $7.469 billion and $11.999 billion last year.
"John Deere has completed a profitable quarter and is successfully executing plans to maintain solid performance in today's difficult economic environment,"... Source
In exchange for a mutual release of the parties, MDI acquired all of the assets of 214 Investments, Inc., including those related to Monitor Dynamics, and more »
39 In Lynch, the Ohio Supreme Court, purportedly relying on the Ninth Circuit Court of Appeals' decision in John Deere Ins. Co. v. Nueva, 229 F.3d 853,
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