Deere Sees Weaker North American Sales in First-Quarter 2014, Reduces Capex Outlook for Full Year

SUGAR LAND--May 15, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Deere & Company (NYSE:DE) (Moline, Illinois), a leading agricultural, construction and forestry equipment manufacturer, reported lower profits and revenues for the company's fiscal second-quarter 2014, following a drop in shipment volumes, particularly in North America, as well as detrimental foreign-currency exchange and product mix. As part of its North American Industrial Manufacturing Project Database, Industrial Info is tracking several maintenance-related projects at Deere facilities across the U.S.