Deere & Company income down for the year, up for the fourth quarter

Deere & Company income down for the year, up for the fourth quarter

Deere & Company income down for the year, up for the fourth quarter

Deere and Company sales and income are down for the fiscal year, but both are higher for the just-ended fourth quarter, compared to a year ago. Deere’s income for fiscal 2020 was $2.751 billion compared to $3.253 in fiscal 2019. On the other hand, the equipment maker’s income for the fourth quarter was $757 million, beating Q4 of 2019 by $35 million, according to news release from the company.

Worldwide, Deere and Company’s net sales and revenues decreased 2 percent, to $9.731 billion, for the fourth quarter of 2020 and declined 9 percent, to $35.540 billion, for the full year.