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You are here: Home / News / John Deere reports sales up 16% in first quarter

John Deere reports sales up 16% in first quarter

February 15, 2019 By Matt Kelley

Iowa’s largest manufacturing employer is reporting its first quarter earnings this morning.

Quad Cities-based Deere and Company reports income for the quarter of $498 million. That compares to a loss of $535 million in the first-quarter of last year which Deere blames on tax reform legislation.

Net sales for the just-ended quarter reached nearly $7 billion, up 16-percent. Deere’s CEO says despite solid progress, the company was “hurt by higher costs for raw materials and logistics as well by customer concerns over tariffs and trade policies.”

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