• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Agriculture / Deere sets earnings record

Deere sets earnings record

May 18, 2005 By admin

Deere and company set another record with profits this fiscal quarter. Deere spokesman Ken Golden says it didn’t hurt that farm income hit a record high last year. Golden says Deere’s worked hard to transform itself, running with lower assets, more effectively and efficiently, resulting in improved profitability. He says business is up, so the record income is a combination of business improvements and market improvements. That’s not all — Golden says 2005 is expected to be a year of achievement for the implement maker. He says they look forward to this as a year that could set a record…at least that’s what’s being projected right now. Among factors contributing to the good year — the company’s selling its lawn care, farming, mining and forestry equipment at full price, and doesn’t have to discount it. Net income was also up in Deere’s financial-services operations. John Deere Credit, headquartered in the Des Moines suburb of Urbandale, is the worldwide financing arm of the company, he explains. Deere has 12-thousand workers in Iowa, 46-thousand worldwide. Golden notes the company’s had five straight record quarters, 13 quarters of improvement in all, and says the hard work of the employees has paid off. The company’s outlook for this year is a net profit of nearly one-point-six Billion dollars.

Share this:

  • Facebook
  • Twitter

Filed Under: Agriculture, Business

Featured Stories

Summit has easements for 20% of carbon pipeline route through Iowa

Morel mushroom hunters on hold without warmer conditions

Trinity Health aquiring all MercyOne health properties

Field of Dreams site developer wants to bid on state baseball, softball tournaments

Governor gets bill targeting Iowa bars deemed ‘public safety nuisance’

TwitterFacebook
Tweets by RadioIowa

Radio Iowa/Baseball Coaches Association High School Poll 5/16/22

Iowa assistant coach Kirk Speraw to retire

Northern Iowa prepares for Missouri Valley Conference softball tournament

T.J. Otzelberger announces staff changes at Iowa State

Iowa State adds transfer guard

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2022 ยท Learfield News & Ag, LLC