John Deere Cashing in on Record Annual Profits
MOLINE, IL – Despite a worker walkout that lasted more than a month, Deere and Company posted record annual income of nearly $6 billion.
According to Barron’s, even though the equipment manufacturer expects higher costs in the new year, projections are for improving profit margins
The previous record for earnings was $3.5 billion in 2013, and John Deere says it anticipates earning up to $7 billion in the current fiscal year that started November 1. 2021.
(SOURCE: All Ag News)