Deere 1Q20 worldwide ag & turf

Deere’s FY1Q20 Net Sales Drop, But Net Income Improves

Deere & Co. reported that its worldwide net sales and revenues decreased 4% in the first quarter of 2020, ended Feb. 2, to $7.63 billion. Net sales of the company’s equipment operations were $6.53 billion for the quarter, compared with $6.94 billion in 2019; a decline of 6%. At the same time, Deere’s net income for the quarter was up 4% to $517 million vs. $498 for the same period in 2019.
More Editors' Picks

Mergers & Acquisitions

See More

Earnings Reports

  • Deere’s FY1Q20 Net Sales Drop, But Net Income Improves

    Deere & Co. reported that its worldwide net sales and revenues decreased 4% in the first quarter of 2020, ended Feb. 2, to $7.63 billion. Net sales of the company’s equipment operations were $6.53 billion for the quarter, compared with $6.94 billion in 2019; a decline of 6%. At the same time, Deere’s net income for the quarter was up 4% to $517 million vs. $498 for the same period in 2019.

  • Valmont Reports Net Sales Down 2% in 4Q19

    For the fourth quarter 2019, Valmont's net sales were $683.6 million, a decline of 2%. Lower sales in international markets, particularly in Access Systems and international irrigation, were mostly offset by improvement across North American markets, led by Utility Support Structures.
See More

Audio Edition

Audio Newsletter — December 2019

Here is the Audio Edition of Ag Equipment Intelligence’s December 2019 newsletter. This additional new format is another way for Ag Equipment Intelligence VIP members and subscribers to stay up-to-date with the latest news and trends from the worldwide farm equipment industry.

LISTEN NOW (Requires registration)

Sign up for free

Featured Video

AGCO's Latest DSSA has Dealers Uneasy

The latest episode of On the Record is now available! In this week’s episode we take a look at some of the more concerning aspects of AGCO’s new Dealer Sales and Service Agreement. In the Technology Corner, Jack Zemlicka discusses precision technology adoption among no-till farmers. Also in this episode: farmland values hold steady, European dealer sentiment improves, private equity firm Westcap invests in Degelman and Deere’s latest earnings report.
See More

Data & Trends

See More
netfarmincome2019

Ag Economy Barometer

Productivity Increase Fuels Growth of U.S. Ag Output

Technological developments in agriculture have been influential in driving changes in the farm sector, according to USDA’s Agricultural Productivity in the U.S. report. Innovations in animal and crop genetics, chemicals, equipment and farm organization have enabled continuing output growth without adding much to inputs (including land, labor, machinery and intermediate goods). As a result, even as the amount of land and labor used in farming declined, total farm output nearly tripled between 1948-2017.

Click here for the full article.

  • Farm Bankruptcies Rose 20% in 2019

    According to a report from the Farm Bureau, Chapter 12 family farm bankruptcies in 2019 increased by nearly 20% from the previous year, according to recently released data from the U.S. Courts. Compared with figures from over the last decade, the 20% increase trails only 2010, the year following the Great Recession, when Chapter 12 bankruptcies rose 33%.

  • Farmer Sentiment Rises in January

    The Ag Economy Barometer rose to a reading of 167 in January, a 17-point jump from December when the index stood at 150. Virtually all of the rise in this month’s barometer was attributable to a sharp rise in optimism about future conditions in agriculture.

Podcasts

See More

Featured Products

See More

VIP Access

Aei_webarchive_portrait

Get all things Ag Equipment Intelligence all the time!

Start Your Membership