Deere & Company Income Rises Five Per Cent

Deere & Company had net income of $757 million for the fourth quarter of 2020, an increase of five per cent over net income of $722 million in the fourth quarter of 2019. Worldwide net sales and revenues decreased two per cent to $9.731 billion in the fourth quarter compared to the same period a year ago. Equipment operations net sales were down one per cent year-over-year, agriculture and turf sales increased eight per cent, and construction and forestry sales dropped 16 per cent.