John Deere Plant Investments Lead to Strong Profits
SUGAR LAND--May 17, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--John Deere has been the exemplary brand of Farm Machinery and Equipment for years. With strong profits announced yesterday for Deere & Company's (NYSE:DE) (Moline, Illinois) second fiscal quarter, it continues to be the leader in the industry.
Part of John Deere's increase in revenues has been the increase in equipment sales in the United States and Canada, which have increased 18% year over year, compared to a 6% increase in overseas sales. Behind these increased profits is the side that many people don't consider--the expansions and equipment additions John Deere has done and is currently performing.