$DE (Deere & Company)

$DE {{ '2015-08-21T14:47:02+0000' | timeago}} • Webcast

$DE 3Q15 Call: Worldwide financial services net income attributable to Deere & Company was $153MM in 3Q15 vs. $162MM last year. Lower results for the quarter were primarily due to less favorable financing spreads, offset by lower SG&A expenses. The division’s forecast net income attributable to Deer & Company remains at about $630MM for the year.

$DE {{ '2017-06-26T14:48:14+0000' | timeago}} • Announcement

$DE, which provides products and services to the farm sector, has acquired privately-held sprayer manufacturer Mazzotti. The acquisition will help John Deere expand its operations in the European markets. Mazzotti will maintain its name, trademark, and commercial agreements.

$DE {{ '2017-06-01T12:34:28+0000' | timeago}} • Announcement

$DE agreed to acquire the Wirtgen Group. $DE expects the transaction to be accretive to EPS and currently expects to fund the acquisition from a combination of cash and new equipment operations debt financing. The companies said they expect to close on the transaction in $DE's 1Q18.

$DE {{ '2017-06-01T12:32:36+0000' | timeago}} • Announcement

$DE agreed to acquire the Wirtgen Group, a privately-held international company that is the leading manufacturer worldwide of road construction equipment. The purchase price for the equity is EUR4.357Bil in an all-cash transaction. The total transaction value is about EUR4.6Bil, including the assumption of net debt and other consideration.

$DE {{ '2017-05-31T16:21:52+0000' | timeago}} • Announcement

$DE's BoD declared a regular quarterly dividend of $.60 per share on common stock. The dividend is payable on Aug. 1, 2017, to stockholders of record on June 30, 2017.

$DE {{ '2017-05-19T15:05:40+0000' | timeago}} • Webcast

$DE stated that on the Canada high horsepower farm equipment order availability, there is no change from last year. Additionally the company added that looking at the water re-tractor numbers, the order book has strengthened significantly over 2Q17.

$DE {{ '2017-05-19T14:24:31+0000' | timeago}} • Webcast

$DE said it expects to end 2017 with total inventories and receivables up about $400MM, with increases in the Ag & Turf and C&F divisions.  in 2Q17, R&D was down 6%, while the company expects its 2017 R&D to be down about 1%.

$DE {{ '2017-05-19T12:37:44+0000' | timeago}} • Infographic

$DE Deere & Company Earnings AlphaGraphics: Q2 2017 Highlights

$DE {{ '2017-05-19T11:25:32+0000' | timeago}} • Announcement

Net income attributable to $DE's Financial Services unit was $64.5MM for 2Q17, compared with $69.6MM a year ago. The decline was primarily due to less-favorable financing spreads and higher expenses. For FY17, this income is expected to be approx $475MM, which reflects lower YoY losses on lease residual values.

$DE {{ '2017-05-19T11:19:30+0000' | timeago}} • Announcement

In 2Q17, $DE's sales grew 1% for Agriculture & Turf segment and 7% for Construction & Forestry segment. For FY17, sales of agriculture and turf equipment are forecast to increase by about 8%, while sales of construction and forestry equipment are expected to be up about 13%.

$DE {{ '2017-05-19T11:12:37+0000' | timeago}} • Announcement

$DE's equipment sales are projected to increase about 9% for FY17 and 18% for 3Q17 compared with the same periods of 2016. Net sales and revenues are projected to increase about 9% for FY17 with net income attributable to $DE of about $2Bil.

$DE {{ '2017-05-19T11:09:05+0000' | timeago}} • Announcement

Machinery manufacturer $DE posted higher results in 2Q17 driven by improving demand for farm and construction equipment. Net income was $802.4MM, or $2.49 per share, compared with $495.4MM, or $1.56 per share, a year ago. Worldwide net sales and revenues increased 5% to $8.28Bil.

$DE {{ '2017-05-01T21:47:45+0000' | timeago}} • Announcement

$DE was informed by $MON that it has chosen to terminate a 2015 agreement for Deere to acquire the Precision Planting LLC business.  Two agreements related to Deere's purchase of Precision Planting will also be terminated.

$DE {{ '2017-02-22T18:06:21+0000' | timeago}} • Announcement

$DE's BoD declared a regular quarterly dividend of $.60 per share on common stock. The dividend is payable on May 1, 2017, to stockholders of record on March 31, 2017.

$DE {{ '2017-02-17T15:35:12+0000' | timeago}} • Webcast

For FY17, $DE expects net income attributable to the company to be about $480MM. For the company as a whole, the company expects to end 2017, with total receivables and inventories down about $200MM. Additionally, R&D forecast for FY17 is expected to be down about 2%.

$DE {{ '2017-02-17T15:26:16+0000' | timeago}} • Webcast

$DE said that in South America, industry sales of tractors & combines are now projected to be up 15-20% in 2017. In Asia, agriculture sales are expected to be flat to up slightly, with growth in India being the main driver. Additionally, industry retail sales of turf and utility equipment in the US and Canada are expected to be about flat in 2017.

$DE {{ '2017-02-17T15:21:44+0000' | timeago}} • Webcast

$DE's Agriculture & Turf segment net sales were flat YonY, while operating margins were 5.9% in 1Q17. For Agriculture & Turf retail sales, the company expects industry sales in the US and Canada to be down 5-10% in 2017.

$DE {{ '2017-02-17T12:19:31+0000' | timeago}} • Infographic

$DE Deere & Company Earnings AlphaGraphics: Q1 2017 Highlights

$DE {{ '2017-02-17T12:04:02+0000' | timeago}} • Announcement

$DE's equipment sales are expected to be up about 4% for FY17 and be up about 1% for 2Q17 vs. 2Q16. Foreign-currency rates are not expected to have a material translation effect on equipment sales for FY17 or 2Q17. Net sales and revenues are projected to increase about 4% for FY17 with net income attributable to $DE of about $1.5Bil.

$DE {{ '2017-02-17T12:01:23+0000' | timeago}} • Announcement

$DE's 1Q17 net sales of the worldwide equipment operations declined 1%. Sales included price realization of 2% and a favorable currency-translation effect of 1%. Equipment net sales in the US and Canada was down 8%. Outside the US and Canada, net sales rose 11%, with a favorable currency-translation effect of 1%.

$DE {{ '2017-02-17T11:59:30+0000' | timeago}} • Announcement

Agricultural equipment maker $DE posted a decline in 1Q17 earnings, hurt by soft market conditions. Net income for the quarter fell 23.82% to $193.8MM or $0.61 per share from $254.4MM or $0.80 per share a year ago. Net sales and revenues rose 1.8% to $5.62Bil.

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