Profile: Deere & Co (DE)
26 May 2017
Deere & Company, incorporated on April 25, 1958, is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts. The construction and forestry segment provides a line of construction equipment, and forestry machines and attachments available in the world. The financial services segment primarily finances sales and leases by the Company dealers of new and used agriculture and turf equipment and construction and forestry equipment. Its products are marketed primarily through independent retail dealer networks and retail outlets. As of October 31, 2016, the Company's operations consisted of two geographic areas: the United States and Canada, and outside the United States and Canada.
As of October 31, 2016, in the United States and Canada, the equipment operations owned and operated 21 factory locations, and leased and operated another two locations. Outside the United States and Canada, the equipment operations own or lease and operate: agriculture and turf equipment factories in Brazil, China, France, Germany, India, Israel, Mexico, the Netherlands, Russia and Spain; construction equipment factories in Brazil and China; engine, engine/power train, or electronic component factories in Argentina, China, France, India and Mexico, and forestry equipment factories in Finland and New Zealand.
Agriculture and Turf
The Company's agriculture and turf segment primarily manufactures and distributes a line of agriculture and turf equipment and related service parts, including large, medium and utility tractors; loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related front-end harvesting equipment; sugarcane loaders and pull-behind scrapers; tillage, seeding and application equipment, including sprayers, nutrient management and soil preparation machinery; hay and forage equipment, including self-propelled forage harvesters and attachments, balers and mowers; turf and utility equipment, including riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, and commercial mowing equipment, along with a line of associated implements; integrated agricultural management systems technology and solutions, and other outdoor power products. The agriculture and turf segment provides equipment management systems. Its telematics systems remotely connect agricultural equipment owners, business managers and dealers to agricultural equipment in the field, providing real-time alerts and information about equipment location, utilization, performance and maintenance. In addition to the John Deere brand, the agriculture and turf segment purchases and sells a range of equipment attachments under the Frontier, Kemper and Green Systems brand names, and manufactures and sells walk-behind mowers and scarifiers in select European countries under the SABO brand name.
Construction and Forestry
The construction and forestry segment primarily manufactures and distributes a range of machines and service parts used in construction, earthmoving, material handling and timber harvesting, including backhoe loaders; crawler dozers and loaders; four-wheel-drive loaders; excavators; motor graders; articulated dump trucks; landscape loaders; skid-steer loaders, and log skidders, feller bunchers, log loaders, log forwarders, log harvesters and related attachments. The construction and forestry machines are distributed under the John Deere brand name, and forestry attachments are distributed under the John Deere and Waratah brand names. The construction and forestry segment also provides fleet management telematics solutions.
The financial services segment provides wholesale financing to dealers of the foregoing equipment, finances retail revolving charge accounts and offers extended equipment warranties. The financial services operations offer retail leases to equipment users in the United States. The financial services operations also offer financing, primarily for its products in Australia, Brazil, China, India, New Zealand, Russia, Thailand, Africa, Asia, Europe and Latin America.
The Company competes with AGCO Corporation, CLAAS KGaA mbH, CNH Global N.V., Kubota Tractor Corporation, The Toro Company, Caterpillar Inc., Komatsu Ltd., Volvo Group AB, Tigercat Industries Inc. and Ponsse Plc.
Deere & Co
One John Deere Place
MOLINE IL 61265-8098
Company Web Links
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- CORRECTED-UPDATE 3-Deere raises 2017 forecast on strong farm equipment demand
- US STOCKS-Wall St. ends off session highs after fresh Russia probe reports
- BRIEF-Deere Q2 earnings per share $2.49