John Deere invests $140 million in parts distribution technology
The investment modernizes legacy systems, saving dealers over 30,000 hours in fiscal year 2025.
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Manufacturer of agricultural, construction, forestry, and turf equipment
deere.comLast updated
In short: John Deere reached a $99 million settlement over right-to-repair claims, reported strong construction sales, and cut its full-year guidance.
The investment modernizes legacy systems, saving dealers over 30,000 hours in fiscal year 2025.
Net income per share was $6.55, down from $6.64 a year ago, with net sales up 5% to $13.369 billion.
The company, founded in Illinois in 1837, maintains its headquarters and multiple facilities there, continuing to invest and innovate.
The Board appoints 44-year-old Norwood, effective May 1, 2026, following a search. He brings over 20 years of financial experience at Deere.
Continued spending on U.S. infrastructure and data center projects helped fuel a strong second-quarter financial performance for Deere.
Deere & Co. shares reacted to a cut in full-year guidance and signs of slowing demand in key farm an...
(KMAland) -- John Deere has agreed to a $99 million settlement in a class action lawsuit regarding its right-to-repair policies, which allegedly restricted farmers' access...
John Deere reported a positive quarter of revenue growth in Q2 despite economic difficulties...
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