trending Market Intelligence /marketintelligence/en/news-insights/trending/gBwuAxLMjEH5Ufu1YSvZeA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Deere to boost investments in precision agriculture business

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Deere to boost investments in precision agriculture business

Deere & Co. said it plans to enhance its investments in its precision agriculture unit in 2020, while reducing costs.

The U.S. agricultural machinery maker also plans to allocate more capital for low-performing products, aftermarket, retrofit market, and research and development.

The company expects to increase its operating profit margin to 15% by 2022 from 12.5% in 2020, CEO John May told investors.

Deere has forecast a 5% decline in sales of farm equipment in the U.S. and Canada markets. It recently projected a profit decline in fiscal 2020 due to persisting trade tensions between the U.S. and China.

Net income attributable to Deere for fiscal 2020 is expected to come in between $2.7 billion and $3.1 billion, a decrease from $3.25 billion in the fiscal year that ended Nov. 3, 2019.