The Ottumwa Courier

November 20, 2013

Deere announces record fourth-quarter earnings


Ottumwa Courier

---- — MOLINE, Ill. — Net income attributable to Deere & Company was $806.8 million, or $2.11 per share, for the fourth quarter ending Oct. 31, compared with $687.6 million, or $1.75 per share, for the same period last year.

For fiscal 2013, net income attributable to Deere & Company was $3.537 billion, or $9.09 per share, compared with $3.065 billion, or $7.63 per share, in 2012.

Worldwide net sales and revenues decreased 3 percent, to $9.451 billion, for the fourth quarter and increased 5 percent, to $37.795 billion, for the full year. Net sales of the equipment operations were $8.624 billion for the quarter and $34.998 billion for the year, compared with $9.047 billion and $33.501 billion for the same periods in 2012.