subscribe to ENR magazine subscribe
contact us
careers industry jobs
events events
Dodge Data & Analytics
ENR Logo
Web access will be provided
as part of your subscription.

Deere’s Positive Second-Quarter Numbers Hint at Recovery

Text size: A A

Construction equipment vendor Deere & Co. posted a second-quarter net income of $547.5 million, jumping 16%, on sales of $7.1 billion, up 6%, over the same period last year. Construction and forestry machine sales rose 52% for the quarter and earnings shifted into the black due to increased shipments, favorable currency exchange rates and price increases of about 2%. Deere’s construction and forestry division, bouncing back from last year’s anemic lows, booked an operating profit of $36 million for the quarter, compared with a quarterly loss last year of $75 million. The Moline, Ill.-based company upped its earnings forecast for the year to $1.6 billion on annual sales growth of 11% to 13%. It had previously expected $1.3 billion on 6% to 7%.

----- Advertising -----
----- Advertising -----
  Blogs: ENR Staff   Blogs: Other Voices  
Critical Path: ENR's editors and bloggers deliver their insights, opinions, cool-headed analysis and hot-headed rantings
Project Leads/Pulse

Gives readers a glimpse of who is planning and constructing some of the largest projects throughout the U.S. Much information for pulse is derived from McGraw-Hill Construction Dodge.

For more information on a project in Pulse that has a DR#, or for general information on Dodge products and services, please visit our Website at

Information is provided on construction projects in following stages in each issue of ENR: Planning, Contracts/Bids/Proposals and Bid/Proposal Dates.

View all Project Leads/Pulse »

 Reader Comments:

Sign in to Comment

To write a comment about this story, please sign in. If this is your first time commenting on this site, you will be required to fill out a brief registration form. Your public username will be the beginning of the email address that you enter into the form (everything before the @ symbol). Other than that, none of the information that you enter will be publically displayed.

We welcome comments from all points of view. Off-topic or abusive comments, however, will be removed at the editors’ discretion.