Deere announces net income of $3.2 billion for 2019:
- Net sales increase 4% for fourth quarter and 5% for full year.
- Company’s Construction & Forestry reports higher sales and profit for year.
- Full-year 2020 forecast calls for net income of $2.7 to $3.1 billion, reflecting uncertainties in our equipment operations.
- Deere’s worldwide sales of agriculture and turf equipment are forecast to decline 5 to 10 percent for fiscal-year 2020
- Deere’s worldwide sales of construction and forestry equipment are anticipated to be down 10 to 15 percent for 2020
