Deere Weathers Rough Farm Market in 2014, Lowers 2015 Capital Spending to $875 Million
Deere Weathers Rough Farm Market in 2014, Lowers 2015 Capital Spending to $875 Million
SUGAR LAND--December 1, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Deere & Company (NYSE:DE) (Moline, Illinois), a leading agricultural, construction and forestry equipment manufacturer, reported a decline in profits and revenues for fourth-quarter and full-year 2014. A weak global farming industry led to a drop in farm-machinery sales, as well as for other products, when compared with the record results of 2013. Industrial Info is tracking several projects at Deere facilities across the U.S.
Within this article: Details on Deere's quarter and projects, including two major fourth-quarter maintenance projects.
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