Deere logoDeere and Company has raised its financial outlook for the year, as sales of its construction equipment are rising to offset some of the losses in its ag division.

There’s a global slowdown in the ag sector and sales of John Deere tractors, combines and other farm equipment fell by 25 percent in the second quarter. However, Deere makes backhoes, excavators and other equipment for the construction and forestry industries and those sales are up two percent. Deere also has a division that offers financing for the purchase of Deere equipment and that unit saw a 14 percent jump in revenue during the second quarter.

Overall, the company reported a 30 percent decline in second quarter earnings, but its CEO says Deere will be “solidly profitable” in 2015.