News for Deere & Company
Feb 25 · 9:18:00 PM · Source: Company Press Release
Deere & Company today announced that it will review strategic options for its wind energy business and has retained Goldman, Sachs & Co. as exclusive financial advisor to assist in the initiative.
Deere said no formal decisions have been made and no agreements have been reached concerning the company's long-term investments in wind energy projects that are either operational or in development in several states of the U.S.
Deere has been involved in the financing, development, and ownership of wind energy projects for the past five years and has become a leader in project development, management, and financing of wind energy projects in rural U.S. communities.
Currently, Deere has 34 wind energy projects in seven states with operational capacity of 706 megawatts. In addition, the company has numerous wind energy projects in development.
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by Michael Oliveto
Nov 25 · 12:28:00 PM · Source: Company News Release
Deere & Co. said Wednesday that it had a fiscal fourth-quarter net loss of $222.8 million, or 53 cents a share, compared with profit of $345 million, or 81 cents, a year earlier. Sales fell 28 percent to $5.33 billion in the quarter ended Oct. 31. The net loss included a $321.8 million charge related to a decline in the value of the landscape supply business and to give the voluntary separation packages. Excluding those items, profit was 23 cents a share.
Company reported full-year earnings of $873 million and said its financial condition remains strong.
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by Larry Etter
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