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DEERE ISSUES 12 MONTH OUTLOOK
Nov. 21, 2012
Source: Deere & Co. news release
Company equipment sales are projected to increase by about 5 percent for full year 2013 and to be up about 10 percent for the first quarter compared with the same periods of 2012. For fiscal 2013, net income attributable to Deere & Company is anticipated to be about $3.2 billion.
"Deere remains well-positioned to carry out its growth plans and capitalize on positive long-term trends, even though present global economic and fiscal concerns warrant continued caution," says Samuel R. Allen, chairman and chief executive officer.
"With support from a highly committed group of employees, dealers and suppliers, our plans for helping meet the world's growing need for food and infrastructure are moving ahead and achieving a good deal of success.
"We are proud of the company's performance in 2012 and look forward to building on these gains in 2013 and beyond. Despite fragile economic conditions in many regions, we have great confidence in the company's prospects and in our ability to deliver value to investors and other stakeholders in the future."
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