Sales fall in Deere's construction and forestry divisionFriday 18 Dec 2015 Net sales and profits for the Deere & Co. construction and forestry division plummeted in the final quarter of fiscal year 2015. An earnings report issued by Deere & Co. showed net sales of US$1.28 billion for the quarter ending Oct. 31 — down 32 percent from the same period last year. Operating profit in the fourth quarter was down 72 percent compared to the previous year. Deere & Co. officials expect net sales in fiscal year 2016 to be down approximately 5 percent in the construction and forestry division, which includes John Deere Dubuque Works. |
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