1055 University Ave, Dubuque, IA 52001
Facebook Twitter RSS Feed Email Delays and Cancellations Listen Live

Deere and Company Sales Down

Deere and Company says its worldwide net sales are down 18 percent and its net income is down 41 percent for the second quarter of 2020. The Moline-based company reported net income of $665.8 million, or $2.11 per share, for the second quarter, which ended on May 3. That’s compared to the net income of $1.134 billion, or $3.52 per share, for the quarter ending on April 28, 2019. Deere says it is taking actions to strengthen the company’s financial position, including reducing operating expenses, decreasing capital spending budgets, and other actions to preserve liquidity. Additionally, the company says it is raising about $4.5 billion in medium to long-term funding.

Print Friendly, PDF & Email