Deere & Co. Report Revenue Increase In Third Quarter

Deere & Company reported today an increase in income in its third quarter, and financial figures also ticked up for the division that includes John Deere Dubuque Works. Deere & Co. reported net income of about $1.88 billion for the third quarter of its fiscal year, which ended July 31st. That marks a 13% increase from the same period last year, when net income was $1.67 billion. For the nine months of Deere’s fiscal year so far, net sales totaled about $37 billion, up 13% from the same period last year. The construction and forestry division, which includes John Deere Dubuque Works, reported an operating profit of $514 million in the third quarter, an 11% increase from the same period last year.