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DEERE UPDATES ITS 2013 OUTLOOK
Feb. 13, 2013
Source: Deere & Co. news release
Company equipment sales are projected to be up about 6 percent for fiscal 2013 and up about 4 percent for the second quarter compared with the same periods of 2012. For the full year, net income attributable to Deere & Company is anticipated to be approximately $3.3 billion.
Although Deere is looking to achieve strong results in 2013, persistent global economic and fiscal concerns warrant continued caution. "We're confident our investment in new products and additional capacity will help Deere fully capitalize on the world's growing need for food, shelter and infrastructure in the years ahead," Deere CEO Samuel Allen said.
"However, the near-term outlook is being tempered by uncertainties over fiscal, economic and trade issues that are undermining business confidence and restraining growth."
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