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Deere & Co (DE.N)

DE.N on New York Stock Exchange

166.88USD
24 Jun 2019
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$2.60 (+1.58%)
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Latest Key Developments (Source: Significant Developments)

Deere Sees Large Ag Sales To Be On The Lower End Of Prior Range - Conf Call
Friday, 17 May 2019 

May 17 (Reuters) - Deere & Co ::DEERE SAYS DESPITE HIGH PRODUCTION LEVELS FORECASTED FOR THE '19 AND '20 SEASON, CORN'S GLOBAL STOCK TO USE RATIO IS EXPECTED TO DECLINE IN RESPONSE TO RECORD CONSUMPTION OUTPACING SUPPLY - CONF CALL.DEERE SAYS WHEAT STOCK TO USE RATIO IS PROJECTED TO INCREASE IN '19 AND '20 DUE TO A SHARP PRODUCTION RECOVERY FROM LAST YEAR'S DROUGHT-STRICKEN REGIONS SUCH AS EUROPE AND AUSTRALIA.DEERE SAYS SOYBEAN STOCK TO USE RATIO IS FORECASTED TO REMAIN AT ELEVATED LEVELS TO THE '19 TO '20 MARKETING YEAR IN RESPONSE TO HIGHER-THAN-EXPECTED YIELDS IN THE U.S. AND THE ONGOING TRADE DISPUTE BETWEEN THE U.S. AND CHINA.DEERE SAYS 2019 PRINCIPAL CROP CASH RECEIPTS ARE ESTIMATED TO BE ROUGHLY $117 BILLION, A DECLINE OF 4% SINCE LAST QUARTER.DEERE ANTICIPATES LARGE AG INDUSTRY SALES TO BE ON THE LOWER END OF PRIOR RANGE, WITH CANADIAN DEMAND TURNING NEGATIVE DUE TO ADVERSE WEATHER.DEERE SAYS SMALL AG EQUIPMENT COMPACT TRACTORS CONTINUED TO SHOW A STRONG ORDER BOOK FOR 2019, DRIVEN BY A HEALTHY U.S. ECONOMY AND GDP GROWTH.DEERE SAYS REDUCING FULL YEAR OPERATING MARGIN FORECAST FOR AGRICULTURE AND TURF EQUIPMENT BUSINESS fROM 12% TO 11% TO REFLECT UNFAVORABLE MOVEMENTS IN VOLUME AND MIX, AS WELL AS THE IMPACT OF LOWER PRODUCTION SCHEDULES.DEERE SAYS COST AND EXPENSES AS PERCENT OF NET SALES EXPECTED TO BE ABOUT 76% IN FISCAL 2019 VERSUS PRIOR EXPECTATION OF ABOUT 75%.DEERE SAYS IDENTIFYING OPPORTUNITIES TO MANAGE COSTS.  Full Article

Deere & Co Says Expect U.S. Tariffs On Chinese Imports To Cost Company $100 Million In 2019 - Conf Call
Friday, 15 Feb 2019 

Feb 15 (Reuters) - Deere & Co ::DEERE & CO SAYS STILL EXPERIENCING POCKETS OF TIGHTNESS, REQUIRING ELEVATED LEVELS OF PREMIUM FREIGHT EXPENSES; ANTICIPATE THESE ISSUES TO EXTEND INTO Q3 - CONF CALL.DEERE & CO SAYS IN AGRICULTURAL MARKETS, REPLACEMENT DEMAND CONTINUE TO DRIVE SALES ACTIVITY, ALBEIT AT A SLOWER PACE THROUGH CO'S EARLY ORDER PROGRAMS.DEERE SAYS SOYBEANS STOCKS-TO-USE RATIO IS FORECASTED TO BUILD IN RESPONSE TO HIGHER-THAN-EXPECTED YIELDS IN U.S. AND ONGOING TRADE DISPUTE BETWEEN U.S. AND CHINA.DEERE SAYS 2019 PRINCIPAL CROP CASH RECEIPTS ARE ESTIMATED TO BE ABOUT $124 BILLION, SLIGHTLY HIGHER THAN 2018 AND THE HIGHEST SINCE 2014.DEERE SAYS PRICES FOR 3 OF THE 4 MAJOR CROPS ARE EXPECTED TO BE HIGHER IN THE '18, '19 MARKETING YEAR THAN IN THE PREVIOUS YEAR.DEERE SAYS CORN, WHEAT AND COTTON PRICES HAVE HELPED OFFSET SOFTNESS IN THE SOYBEAN MARKET.DEERE SAYS EVEN WITH IMPROVED ECONOMICS ON ACCOUNT OF USDA AID, U.S. FARMER SENTIMENT REMAINS FLUID, CONTINUES TO ERODE LONGER TRADE UNCERTAINTY PERSISTS.DEERE SAYS 2019 COMBINE EARLY ORDER PROGRAM RESULTED IN ORDERS DOWN SINGLE DIGITS FROM 2018.DEERE SAYS ANTICIPATE A RESUMED RECOVERY IN EQUIPMENT VOLUMES AS NEW TRADE ROUTES MATURE OR U.S.- CHINA TRADE CONTINGENCIES ABATE.DEERE SAYS IN SMALL AG SEGMENT, COMPACT TRACTORS SHOW A STRONG ORDER BOOK FOR 2019, DRIVEN BY A HEALTHY U.S. ECONOMY AND GDP GROWTH.  Full Article

Deere & Co Sees 2019 Capex Of About $1,150 Million
Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - Deere & Co ::DEERE & CO SEES 2019 CAPEX OF ABOUT $1,150 MILLION.  Full Article

Deere & Co Says Aug 2018 Retail Sales For U.S. & Canada AG Combines Were Up More Than The Industry
Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - Deere & Co ::DEERE & CO - AUGUST 2018 RETAIL SALES (ROLLING 3 MONTHS) FOR U.S. AND CANADA AG COMBINES WERE UP MORE THAN THE INDUSTRY.DEERE & CO - AUGUST 2018 RETAIL SALES (ROLLING 3 MONTHS) FOR EU 28 AG COMBINES WERE UP SINGLE DIGIT.DEERE & CO - AUGUST 2018 RETAIL SALES (ROLLING 3 MONTHS) FOR U.S. AND CANADA SELECTED TURF & UTILITY EQUIPMENT WERE UP DOUBLE DIGITS.  Full Article

Deere & Co Q3 Net Income $910.3 Million Or $2.78 Per Share
Friday, 17 Aug 2018 

Aug 17 (Reuters) - Deere & Co ::REPORTED NET INCOME OF $910.3 MILLION FOR THE THIRD QUARTER ENDED JULY 29, 2018, OR $2.78 PER SHARE.WORLDWIDE NET SALES AND REVENUES INCREASED 32 PERCENT, TO $10.308 BILLION, FOR THE THIRD QUARTER.WITHOUT SOME ADJUSTMENTS, NET INCOME ATTRIBUTABLE TO CO FOR THE THIRD QUARTER WOULD HAVE BEEN $2.59 PER SHARE.SAYS "WE HAVE CONTINUED TO FACE COST PRESSURES FOR RAW MATERIALS AND FREIGHT".NET SALES AND REVENUES EXPECTED TO INCREASE BY ABOUT 26 PERCENT FOR FISCAL 2018 WITH NET INCOME ATTRIBUTABLE TO CO FORECAST TO BE ABOUT $2.360 BILLION.AGRICULTURE & TURF SALES ROSE 18 PERCENT FOR THE QUARTER.NET INCOME FORECAST FOR FISCAL 2018 INCLUDES $741 MILLION PROVISIONAL INCOME TAX EXPENSE ASSOCIATED WITH TAX REFORM.CONSTRUCTION AND FORESTRY SALES INCREASED 100 PERCENT FOR THE QUARTER.Q3 EARNINGS PER SHARE VIEW $2.75, REVENUE VIEW $9.21 BILLION -- THOMSON REUTERS I/B/E/S.WORLDWIDE SALES OF AGRICULTURE AND TURF EQUIPMENT ARE FORECAST TO INCREASE BY ABOUT 15 PERCENT FOR FISCAL-YEAR 2018 - SEC FILING.ADJUSTED NET INCOME ATTRIBUTABLE TO CO IS FORECAST TO BE ABOUT $3.1 BILLION FOR FISCAL 2018.DEERE - "REPLACEMENT DEMAND FOR LARGE AGRICULTURAL EQUIPMENT IS DRIVING SALES EVEN IN THE FACE OF TENSIONS OVER GLOBAL TRADE & OTHER GEOPOLITICAL ISSUES".NET INCOME ATTRIBUTABLE TO JDCC WAS $120.2 MILLION FOR Q3 VERSUS $88.3 MILLION LAST YEAR.NET RECEIVABLES AND LEASES FINANCED BY JDCC WERE $35.633 BILLION AT JULY 29, 2018, VERSUS $32.929 BILLION AT JULY 30, 2017.  Full Article

Deere May Retail Sales For U.S. And Canada AG Combines Up More Than Industry
Monday, 11 Jun 2018 

June 12 (Reuters) - Deere & Co ::DEERE & CO SAYS MAY 2018 RETAIL SALES FOR U.S. AND CANADA AG COMBINES UP MORE THAN THE INDUSTRY.DEERE & CO SAYS MAY 2018 RETAIL SALES FOR EU 28 AG COMBINES DOWN DOUBLE DIGITS.DEERE & CO SAYS MAY 2018 MAY 2018 RETAIL SALES FOR U.S. AND CANADA SELECTED TURF & UTILITY EQUIPMENT DOWN SINGLE DIGIT.  Full Article

Deere & Co Takes Legal Action Against Precision Planting And AGCO Corp
Friday, 1 Jun 2018 

June 1 (Reuters) - Deere & Co::TOOK LEGAL ACTION AGAINST PRECISION PLANTING LLC AND AGCO CORPORATION, CLAIMING COMPANIES HAVE INFRINGED ON 12 JOHN DEERE PATENTS.LAWSUIT STATES PRODUCTS MADE/SOLD BY PRECISION PLANTING, INCLUDING VSET SEED METERS ALONG WITH SPEEDTUBE PRODUCTS, INFRINGE ON DEERE PATENTS.  Full Article

Deere Says March 2018 Retail Sales For U.S. And Canada AG Combines Were Down More Than The Industry
Tuesday, 10 Apr 2018 

April 10 (Reuters) - Deere & Co ::DEERE & CO SAYS MARCH 2018 RETAIL SALES FOR U.S. AND CANADA AG COMBINES WERE DOWN MORE THAN THE INDUSTRY.DEERE & CO SAYS MARCH 2018 RETAIL SALES FOR EU 28 AG COMBINES WERE DOWN LOW DOUBLE DIGITS.DEERE & CO SAYS MARCH 2018 RETAIL SALES FOR U.S. AND CANADA SELECTED TURF & UTILITY EQUIPMENT WERE UP SINGLE DIGIT.  Full Article

Deere & Co Reports Feb Retail Sales For U.S. & Canada AG Combines Up More Than Industry
Monday, 12 Mar 2018 

March 12 (Reuters) - Deere & Co ::DEERE & CO REPORTS FEB. 2018 RETAIL SALES FOR U.S. AND CANADA AG COMBINES UP MORE THAN THE INDUSTRY.DEERE & CO REPORTS FEB. 2018 RETAIL SALES FOR EU 28 AG COMBINES DOWN DOUBLE DIGITS.DEERE & CO REPORTS FEB. 2018 RETAIL SALES FOR U.S. AND CANADA SELECTED TURF & UTILITY EQUIPMENT FLAT.  Full Article

Deere To Acquire Leading Manufacturer Of Carbon Fiber Technology Products
Friday, 2 Mar 2018 

March 2 (Reuters) - Deere & Co ::DEERE TO ACQUIRE LEADING MANUFACTURER OF CARBON FIBER TECHNOLOGY PRODUCTS.DEERE & CO SAYS TO ACQUIRE KING AGRO, A PRIVATELY-HELD MANUFACTURER OF CARBON FIBER TECHNOLOGY PRODUCTS.DEERE & CO - KING AGRO WILL RETAIN ITS BRAND NAME, TRADEMARK, AND COMMERCIAL RELATIONSHIPS​.  Full Article

U.S. business borrowing for equipment rises 18% in May - ELFA

June 24 U.S. companies' borrowing to spend on capital investments rose 18% in May from a year earlier, the Equipment Leasing and Finance Association (ELFA) said.