Company
John Deere
Official Name: Deere & Company
Headquarters: Moline, IL, United States
Founded: 1837
Employees: 75,550
CEO: Mr. John C. May II
Market Cap
$126.54 Billion
USD as of Jan. 1, 2023
Company Description
Deere & Company, operating under the brand John Deere, is a manufacturer of heavy machinery and engines. Founded in 1837, it produces and markets tractors and other agricultural, construction, and forestry machinery, diesel engines, drivetrains as well as loan care equipment, and it also provides financial services and other related activities.
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Industry: Farm & Heavy Construction Machinery
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Sector: Industrials
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Detailed Description
Deere & Company manufactures and distributes various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers. The Small Agriculture and Turf segment offers utility tractors, and related loaders and attachments; turf and utility equipment, including riding lawn equipment, commercial mowing equipment, golf course equipment, and utility vehicles, as well as implements for mowing, tilling, snow and debris handling, aerating, residential, commercial, golf, and sports turf care applications; other outdoor power products; and hay and forage equipment. This segment also resells products from other manufacturers. It serves dairy and livestock producers, crop producers, and turf and utility customers. The Construction and Forestry segment provides a range of backhoe loaders, crawler dozers and loaders, four-wheel-drive loaders, excavators, motor graders, articulated dump trucks, landscape and skid-steer loaders, milling machines, pavers, compactors, rollers, crushers, screens, asphalt plants, log skidders, log feller bunchers, log loaders and forwarders, log harvesters, and attachments; and roadbuilding equipment. The Financial Services segment finances sales and leases agriculture and turf, and construction and forestry equipment. It also offers wholesale financing to dealers of the foregoing equipment; and extended equipment warranties, as well as finances retail revolving charge accounts. Deere & Company was founded in 1837 and is headquartered in Moline, Illinois.
Product & Services
Agriculture, construction, forestry, consumer & commercial equipment, diesel engines, automobiles, Financial services
Key People
Founder(s): John Deere
Samuel R. Allen (Chairman) John C. May (CEO & President)
Financials
Revenue: US$39.540 billion (2020)
Operating income: US$3.883 billion (2020)
Net income: US$2.751 billion (2020)
Total assets: US$75.091 billion (2020)
Total equity: US$14.086 billion (Q1 2021)