Deere’s 2Q Net Income Up 2.7%, Projects Ag Equipment Growth of 5% for Year

Deere & Co. saw another strong quarter, reporting on May 15 that its net income for the period ended April 30 was $1.084 billion compared with $1.056 billion for the same period last year, or up 2.7%. Through the first six months of its fiscal year, the company produced net income of $1.7 billion vs. $1.6 billion last year.

Net income of the company’s equipment operations was $953 million for the second quarter and $1.5…

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