Deere posts record net income for second quarter

rockyridgefarm · May 19, 2004

Profit Statement
<ul type="square">
[*]Net income hits record $477 million for second quarter, up 86 percent
[*]Full-year earnings expected to reach all-time high
[*]Strong recovery taking shape in U.S. farm and construction equipment sectors
[*]Business-improvement initiatives yielding strong results
[/list]

Great News!!

Kevin37 · May 19, 2004

Well.......I know I did my part to contribute to John Deere's income. Maybe not this past quarter, but next! /forums/images/graemlins/smirk.gif

Kevin
4710; eHydro;460 Loader;MX-6;etc., etc.
Checking balance a WHOLE lot less this week /forums/images/graemlins/grin.gif

MessickFarmEqu · May 19, 2004

Good reports across the industry have been rolling out. I saw Kubota sales figures as being up 18% over last year, which was also very strong. This is probably why we are still seeing such competitve financing while other industries are raising rates.