deere & co (DE) Key Developments
The Deere & Company Declares Quarterly Dividend, Payable on February 2, 2015
Dec 3 14
The Deere & Company declared a regular quarterly dividend of $0.60 per share on common stock, payable on February 2, 2015, to stockholders of record on December 31, 2014.
Deere & Company Introduces Three Small-Frame 6R Models
Nov 28 14
Deere & Company has introduced three small-frame 6R models for 2015. The new small-frame 6110R, 6120R and 6130R offer the enhanced versatility and superior performance, comfort and control of any tractors in the 110 to 130 engine horsepower range. The cab environment and control features have also been updated in the small-frame 6Rs, giving them more commonality with the larger 7R, 8R and 9R Series Tractors. The small-frame 6Rs equipped with popular IVT transmissions come with the CommandARM and Generation 4 CommandCenter Display for convenient finger-tip access to controls and monitors. These tractors also have AutoTrac capabilities and come with a 30-degree right-hand swivel seat for enhanced operator comfort and visibility to the rear implements.
Deere & Company Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended October 31, 2014; Provides Earnings Guidance for the Fiscal Year 2015
Nov 26 14
Deere & Company reported unaudited consolidated earnings results for the fourth quarter and year ended October 31, 2014. For the quarter, total net sales and revenues were $8,965 million against $9,451 million a year ago. Total operating profit was $1,171 million against $1,355 million a year ago. Net income attributable to the company was $649.2 million, or $1.83 per share compared with $806.8 million, or $2.11 per share, for the same period of 2013. Income of consolidated group before income taxes was $1,076.5 million compared to $1,244.2 million a year ago.
For the year, total net sales and revenues were $36,067 million against $37,795 million a year ago. Total operating profit was $5,218 million against $5,928 million a year ago. Net income attributable to the company was $3.162 billion, or $8.63 per share, compared with $3.537 billion, or $9.09 per share, in 2013. Income of consolidated group before income taxes was $4,797.4 million compared to $5,483.4 million a year ago. Net cash provided by operating activities was $3,525.9 million compared to $3,254.3 million a year ago. Purchases of property and equipment were $1,048.3 million compared to $1,158.4 million a year ago.
For fiscal 2015, net income attributable to the company is anticipated to be about $1.9 billion.
Deere & Company Presents at Credit Suisse 2nd Annual Global Industrials Conference, Dec-03-2014 08:00 AM
Oct 18 14
Deere & Company Presents at Credit Suisse 2nd Annual Global Industrials Conference, Dec-03-2014 08:00 AM. Venue: Credit Suisse, One Madison Ave (between 23rd & 24th St.), New York, New York, United States. Speakers: Tony Huegel, Director, Investor Relations.
Deere & Company Announces Changes to Senior Leadership Team, Effective October 23, 2014
Oct 1 14
Deere &Company announced changes to its senior leadership team that will take place after the retirement of James A. Israel, president of John Deere Financial. These changes are effective October 23, 2014. James A. Israel, president, John Deere Financial, has elected to retire after 35 years of service. Michael J. Mack, Jr. is appointed as group president, John Deere Financial Services, Global Human Resources and Public Affairs. Max A. Guinn is appointed as president, Worldwide Construction &Forestry, Global Labor Relations and Security. Mack is currently president of Deere's Worldwide Construction &Forestry Division, a position he has held since 2009. He previously served as Deere &Company's treasurer and chief financial officer. Guinn is currently senior vice president of human resources, communications, public affairs and labor relations. He previously held a variety of leadership roles in both of Deere's major equipment divisions.