Deere & Company reported unaudited earnings results for the second quarter and six months ended April 30, 2013. For the quarter, the company reported total net sales of $10,265,000 against $9,405,000 for the same period in the last year. Total net sales and revenues were $10,914,000 against $10,009,000 for the same period in the last year. Total operating profit was $1,861,000 against $1,697,000 for the same period in the last year. Net income attributable to the company was $1,084,000 or $2.76 per share against $1,056,000 or $2.61 per share for the same period in the last year. For the six months, the company reported total net sales of $17,058,000 against $15,524,000 for the same period in the last year. Total net sales and revenues were $18,335,000 against $16,775,000 for the same period in the last year. Total operating profit was $2,895,000 against $2,570,000 for the same period in the last year. Net income attributable to the company was $1,734,000 or $4.41 per share against $1,589,000 or $3.91 per share for the same period in the last year. Company equipment sales are projected to increase by about 5% for fiscal 2013 and by about 3% for the third quarter compared with the same periods a year ago. Included is an unfavorable currency-translation impact of about 1% for the year. For the full year, net income attributable to the company is anticipated to be about $3.3 billion. Although the company expects to deliver record earnings for the year, global financial pressures as well as adverse weather patterns have added a note of caution to the outlook. The company’s near-term forecast is being tempered by lingering economic concerns in many parts of the world, which are restraining business confidence and growth. In addition, cool, wet weather in North America has delayed crop planting, slowed construction activity and hurt sales of turf-care equipment. The company continue to forecast cash flow from equipment operations to be about $3.4 billion in 2013.

Deere & Company Presents at International Strategy & Investment Group 2013 Annual Industrial Conference, Mar-05-2013 10:55 AM. Venue: Palace Hotel, New York, New York, United States. Speakers: Rajesh Kalathur, Chief Financial Officer, Principal Accounting Officer and Senior Vice President, Susan Karlix, Manager, Investor Communications, Tony Huegel, Director, Investor Relations.

The Board of Directors of Deere & Company has approved an increase of the company's dividend to $0.51 a share on common stock. The dividend is payable on May 1, 2013 to stockholders of record on March 28, 2013. The new quarterly rate represents an increase of 5 cents per share over the previous level -- an increase of approximately 11%.