Deere & Company Boasts Record Third-Quarter Sales, Profits, but Maintains $1.3 Billion 2012 CapEx Outlook

SUGAR LAND--August 16, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Deere & Company (NYSE:DE) (Moline, Illinois), a leading agricultural, construction and forestry equipment manufacturer, saw solid gains in the third quarter of the company's fiscal year 2012, as strong demand for U.S. and Canadian farm equipment, as well as a recovering construction market, resulted in record sales and profits for a Deere third quarter. Net income for the quarter was reported to be $788 million, a 10.67% increase from third-quarter 2011. Industrial Info is tracking $209 million in active projects involving Deere, including two major projects in Iowa: the $85 million expansion of a grain drill manufacturing plant in Ankeny, and the $70 million modernization of the Waterloo Works East Donald assembly plant in Waterloo.