Deere Reports First Quarter Net Income of $1.751 Billion
February 16, 2024
February 16, 2024
MOLINE, Illinois, Feb. 16 (TNSres) -- Deere and Co., a manufacturer of agricultural, construction, forestry machinery and diesel engines, issued the following news release on Feb. 15, 2024:
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* Strong quarterly operating margins from equipment operations demonstrate structural improvement near mid-cycle volumes.
* Fleet replenishment moderating as agricultural fundamentals normalize.
* Full-year net income now forecasted to be $7.50 to $7.7 . . .
* * *
* Strong quarterly operating margins from equipment operations demonstrate structural improvement near mid-cycle volumes.
* Fleet replenishment moderating as agricultural fundamentals normalize.
* Full-year net income now forecasted to be $7.50 to $7.7 . . .