Deere announced late in November that they would be releasing information on their 4th quarter earnings and held a conference to discuss the details. Speakers at the conference included, Chief Financial Officer Mike Mack, Vice President Marie Ziegler and Manager Susan Karlix.
While 4th quarter earnings wordwide were down $0.13 a share from last year overall total net income for the full year was a record $2.053 billion compared to just $1.822 billion last year. Worldwide sales and revenues increased 21 percent ending with $7.401 billion. This is Deere’s 5th …

Deere came out with a press release on the 15th saying that they have come out with 2 new upgrades for their forestry skidders. Considering Deere is the worldwide leader in forestry equipment I’m sure that there will be plenty of excited loggers looking forward to the new upgrades.
The Lock-Up Torque Converter was the first upgrade to be released and is said to give significant increases in production compared current models. The converter provides more power to the skidder the more it is in lock-up mode providing operators to get …

Deere just today released a file today explaining public concerns about sales. Due to the current declining economy, many have been concerned and have been sending in their questions.
However, according to the comment made, Deere is still making sales and has virtually no cancellations or returns during September.
If you would like more information you can listen to the interview here.

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