Welcome to our dedicated page for Deere & Co news (Ticker: DE), a resource for investors and traders seeking the latest updates and insights on Deere & Co stock.
Deere & Company (NYSE: DE) is a major manufacturer of agricultural, construction, and forestry equipment, and its news flow reflects developments across these markets as well as its financial services activities. Company announcements highlight how John Deere supports essential work in producing food, fiber, fuel, and infrastructure, and how it applies advanced technologies and digital tools to its equipment portfolio.
On this page, readers can follow DE news related to quarterly and annual financial results, dividend declarations, and capital markets activity. Recent releases include detailed earnings reports for fiscal quarters, where Deere discusses net sales and revenues by segment, operating profit trends, and segment outlooks for Production & Precision Agriculture, Small Agriculture & Turf, Construction & Forestry, and Financial Services. The company also issues updates when its board declares quarterly dividends on Deere & Company common stock.
Corporate governance and leadership updates form another important category of news. Examples include announcements of new directors joining the board, changes in lead director roles, and the appointment of senior leaders to head key divisions such as Production & Precision Agriculture, Small Agriculture & Turf, and lifecycle solutions and customer success. These items provide context on how Deere aligns its leadership with its Smart Industrial Operating Model and technology-focused strategy.
Product and technology news is also featured, such as the launch of Operations Center™ PRO Service, a digital tool that expands self-repair capabilities and diagnostic support for John Deere equipment. In addition, Deere shares information on investor events, including investor day webcasts and earnings calls, and on community and foundation initiatives, such as support for the National FFA Organization. Investors, analysts, and industry observers can use this news feed to monitor how Deere navigates market conditions, advances its technology agenda, and manages its capital and governance decisions.
John Deere (NYSE: DE) is hosting a virtual benefit concert titled The Farm Must Go On on December 9, 2020, featuring country artists like Dustin Lynch and Maddie & Tae. The concert aims to raise funds for Farm Rescue, which assists farmers in crisis. Fans can enter a contest to win meet-and-greets with the artists by donating at least $10. All proceeds will support volunteer efforts to aid farmers affected by various adversities.
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John Deere (NYSE:DE), in collaboration with the National Black Growers Council and the Thurgood Marshall College Fund, has launched the LEAP coalition to address heirs' property rights and enhance Black farmers' livelihoods. The coalition aims to improve access to tools, technology, and educational resources needed for sustainable farming. Research shows that 60% of Black farmers lack secure title to their land, impeding their ability to leverage property value. The partnership underscores a commitment to racial equality and includes financial support for social justice organizations.
Deere & Company (NYSE: DE) has successfully completed its acquisition of Unimil, a prominent Brazilian provider of aftermarket service parts for sugarcane harvesters. This move aims to enhance Deere's commitment to the sugarcane sector in Brazil and offer cost-effective solutions to customers. Unimil, established in 1999, operates from Piracicaba and employs around 430 staff. This acquisition is expected to reshape Deere's operating model and help customers become more profitable and sustainable.
Deere & Company (NYSE: DE) has declared a quarterly dividend of $0.76 per share on common stock. This dividend will be payable on November 9, 2020, to stockholders of record as of September 30, 2020. This announcement reflects the company's ongoing commitment to providing returns to its shareholders.
Deere Company reported a net income of $811 million for Q3 2020, down 10% from $899 million in Q3 2019. Year-to-date net income dropped 21% to $1.993 billion. Worldwide net sales fell 11% to $8.925 billion for the quarter and 12% to $25.809 billion for the nine months. Operating margins reached 14.6%, bolstered by effective management during the pandemic. The company forecasts full-year net income of $2.25 billion, but faces uncertainties. Employee-separation programs announced, with a pretax expense of $175 million, aim to create a leaner organization.
Deere & Company (NYSE: DE) unveiled its Smart Industrial Operating Model on June 16, 2020, aimed at enhancing customer value and integrating smart technology with manufacturing excellence. This model emphasizes Production Systems, a holistic Technology Stack, and Lifecycle Solutions, aligning products and services with customer needs. CEO John May highlighted the importance of disciplined capital allocation to prioritize promising opportunities. The new strategy is expected to accelerate market responsiveness and drive profitability for both Deere and its customers.