In response to the coronavirus outbreak, Deere (NYSE:DE) withdraws its 2020 financial guidance saying the ultimate magnitude of the outbreak’s effects “could be material” but will be determined over time.
As a U.S. federally designated essential critical infrastructure business, the company says it will continue its domestic operations and plans to continue to operate in other parts of the world “to the extent possible.”
Deere says some of its facilities are reducing operations and, in some cases, are temporarily shutting down operations due to the effects of the coronavirus.
For a list of all ag equipment manufacturer announcements pertaining to the COVID-19 pandemic, click here.
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