Deere Rides Rough Global Farm Market in Second-Quarter 2015, Expects 25% Sales Drop for Year

SUGAR LAND--May 26, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Deere & Company (NYSE:DE) (Moline, Illinois), a leading agricultural, construction and forestry equipment manufacturer, saw a silver lining in its better-than-expected profits for the second quarter of the company's 2015 fiscal year, as intense cost-management efforts and a strong operational performance mitigated the effects of a weak global agricultural market and the strengthening U.S. dollar. Candid executives expect sales for agricultural equipment in the U.S. and Canada to drop about 25% this year. Industrial Info is tracking several maintenance-related projects at Deere facilities across the U.S.

Within this article: Details on Deere's quarter and projects.