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John Deere makes a wide range of heavy equipment for farming, construction, forestry, and turf management. Its lineup includes tractors, planting and harvesting machines, excavators, loaders, dozers, feller bunchers, skidders, harvesters, and turf gear like aerators and top dressers. The company sells, finances, and services equipment through direct channels and a global dealer network, and it also provides maintenance, parts, and attachments. It combines product sales with technology offerings such as precision agriculture and forestry systems that help customers optimize performance and reduce inputs. What sets Deere apart is its global scale, the breadth of its product lines, integrated after-sales support, and its emphasis on technology-enabled optimization and sustainability. The company aims to help customers increase productivity and efficiency while meeting environmental regulations, maintaining reliability, and delivering long-term value through service and innovation.
Industries
Robotics & Automation
Hardware
Industrial & Manufacturing
Company Size
10,001+
Company Stage
IPO
Headquarters
Moline, Illinois
Founded
1837
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Deere reports $1.38 billion quarterly profit as farm equipment market faces pressure. Deere's third-quarter net income rose 7% to $1.379 billion, but Production & Precision Agriculture sales fell 6% as demand for large farm machinery remained weak. Published August 20, 2026 · 1:12 PM ET Deere & Company reported net income of $1.379 billion for its fiscal third quarter ended August 2, 2026, up 7% from $1.289 billion a year earlier. Diluted earnings per share rose to $5.10 from $4.75, while worldwide net sales and revenues increased 5% to $12.608 billion. The stronger quarter did not erase the pressure in Deere's biggest agricultural machinery business. Production & Precision Agriculture net sales fell 6% to $3.998 billion, and operating profit in the segment declined 9% to $527 million. Deere said lower shipment volumes weighed on the division, partly offset by favorable pricing and foreign-currency effects. In its third-quarter earnings materials, Deere raised the lower end of its fiscal 2026 net-income forecast to $4.75 billion from $4.5 billion, while keeping the upper end at $5.0 billion. Management also repeated its view that 2026 will mark the bottom of the current agricultural equipment cycle, a forecast it tied to early order trends, improving used-equipment inventories and greater adoption of its technology. Large farm equipment remains the weak point. Deere's own industry outlook shows why the company is still cautious about the large-equipment market. It expects unit sales of large agricultural equipment in the United States and Canada to fall 15% to 20% in fiscal 2026. The same decline is forecast for tractors and combines in South America, while European agricultural equipment demand is expected to be flat. By contrast, the U.S. and Canadian small agriculture and turf market is forecast to range from flat to up 5%. The latest retail-sales indicators in Deere's presentation point to particularly weak demand for some of the most expensive machines. On a rolling three-month basis through July, U.S. and Canadian industry sales of four-wheel-drive tractors were down 34%, combine sales were down 20%, and sales of two-wheel-drive tractors above 100 PTO horsepower were down 7%. Deere's dealer inventories of larger two-wheel-drive tractors were equivalent to 33% of trailing 12-month retail sales, compared with 31% a year earlier, while combine inventories edged down to 25% from 26%. The broader U.S. farm-income picture is mixed rather than uniformly weak. The U.S. Department of Agriculture's 2026 farm-sector forecast puts net farm income at $153.4 billion, down 0.7% from 2025 in nominal terms and 2.6% after adjusting for inflation. Total farm cash receipts are forecast to decline 2.7% to $514.7 billion, even though crop receipts are expected to rise 1.2% in nominal dollars. Production expenses are forecast to increase 1.0% to $477.7 billion. Those figures help explain why a recovery in farm machinery can lag improvements in selected areas of agricultural income. Large tractors, combines and precision equipment represent major capital purchases, and Deere itself identifies farm income, crop and livestock prices, interest rates, trade conditions and dealer inventories among the factors that shape the agricultural equipment cycle. The company has not said that a broad recovery is already under way. Its current position is narrower: it believes the trough is being reached in 2026 and sees early ordering and used-equipment trends as encouraging signs. Construction and smaller equipment carry more of the quarter. Strength outside large production agriculture provided the main counterweight. Small Agriculture & Turf net sales rose 12% to $3.383 billion, while operating profit increased 28% to $622 million. The segment's operating margin widened to 18.4% from 16.0%. Deere attributed the sales increase to higher shipment volumes and favorable price realization, with stronger volume and mix also supporting profit. Construction & Forestry produced an even larger percentage improvement. Net sales increased 18% to $3.618 billion and operating profit rose 84% to $436 million. The operating margin climbed to 12.1% from 7.7%. Deere said higher shipment volumes and pricing helped sales, while favorable price realization was the main positive factor for operating profit, partly offset by higher selling, administrative, research and development costs. Financial Services also contributed modestly more profit, with quarterly net income rising 7% to $219 million from $205 million. Across the company, total operating profit before reconciling items and income taxes increased 18% to $1.856 billion. The quarter also included $110 million of tariff recoveries, bringing recoveries for the first nine months of fiscal 2026 to $382 million. Deere said the tariff impact for its operating segments is primarily reflected in production costs. The company continues to identify trade-policy uncertainty and tariffs as risks, so the recoveries should not be read as evidence that tariff exposure has disappeared. The stronger performance from construction and smaller equipment has helped Deere absorb part of the large-agriculture downturn. That diversification is visible in the year-to-date numbers as well, although it has not fully closed the gap with last year. Net income for the first nine months of fiscal 2026 was $3.808 billion, down 4% from $3.962 billion in the comparable 2025 period, even as total net sales and revenues rose 7% to $35.589 billion. Guidance improves, but the farm recovery is still a forecast. Deere now expects fiscal 2026 net income of $4.75 billion to $5.0 billion. The revised range lifts the lower end from the $4.5 billion forecast issued after the second quarter. Equipment-operations net cash flow is forecast at $5.0 billion to $5.5 billion, and capital spending is expected to be about $1.3 billion. The segment outlook still shows a sharp split across the portfolio. Deere expects full-year Production & Precision Agriculture net sales to decline about 10%, with an operating margin of 11% to 12%, compared with a 15.4% margin in fiscal 2025. Small Agriculture & Turf sales are forecast to rise about 15%, while Construction & Forestry sales are expected to increase about 20%. That means the improved company-level profit outlook does not depend on a return to strong large-farm-equipment demand before the fiscal year ends. Deere is instead relying on stronger businesses elsewhere in the portfolio, pricing, disciplined production and what management sees as the early stages of stabilization in agricultural equipment. The distinction matters because Deere's statement that 2026 will be the bottom of the cycle is management's outlook, not a confirmed turn in demand. The company still forecasts double-digit declines in large-ag unit sales in its two most important agricultural regions, and recent retail data remain weak for combines and four-wheel-drive tractors. Deere has scheduled its fourth-quarter 2026 earnings call for November 25 at 9:00 a.m. Central Time. That update will provide the next company-wide look at whether the early order trends Deere is citing are translating into firmer demand for large agricultural equipment.
Deere reports 3Q profit of $1.379B. Results mark first rise in quarterly profit in three years By: QCBJ News Staff | August 20, 2026 A display in front of the John Deere Davenport Works' 2.2 million-square-foot factory features some of the Deere construction yellow heavy equipment produced at "Assembly" magazine's 2025 Plant of the Year. Increased sales of Deere's Construction & Forestry equipment were reported today in the company's third quarter earnings. the CREDIT DEERE & CO. Deere & Company reported net income of $1.379 billion, or $5.10 per share, for the third quarter - a 7% improvement over a year ago, and raised its full-year outlook as growth in construction equipment sales offset lower sales of farm machinery. In its earnings report, released today, Aug. 20, the Moline-based global agricultural giant also now is forecasting net income for fiscal 2026 in the range of $4.75 billion and $5 billion. In the previous quarter, the forecast was for a range of $4.5 billion to $5 billion for full-year net income. The latest earnings, for the quarter ended Aug. 2, marked the first time in nearly three years Deere has posted a rise in quarterly profit. Deere's $1.379 billion net income in the quarter compared with net income of $1.289 billion, or $4.75 per share, for the quarter ended July 27, 2025. "Deere delivered a strong quarter, reflecting disciplined execution by our teams and continued resilience across our portfolio," Deere & Co. Chairman and CEO John C. May said in the release Thursday. "Our performance underscores the strength of our business, supported by stable U.S. market conditions, our ability to manage softer conditions in Brazil and Europe, and our commitment to helping customers succeed." For the first nine months, Deere's net income was $3.808 billion, or $14.06 per share. That was a 4% decrease from the $3.962 billion, or $14.57 per share, reported in the same period last year. On a per-share basis, the 3Q earnings of $5.10 a share topped the $4.69 per share that analysts polled by FactSet expected, according to the Wall Street Journal. In mid-morning trading Thursday on the New York Stock Exchange, shares of Deere stock were up $47.65 - an 8% increase - to $628.28 a share. The stock opened at $611.12 a share. Construction segment strength The improved earnings were fueled, in part, by increased equipment sales across the construction/forestry and small tractor/turf divisions. Increased spending on infrastructure projects - and a surge in data center construction - helped boost demand for its construction equipment. That segment posted an 18% increase in sales, which ended the quarter at $3.618 billion compared to $3.059 billion for third quarter 2025. Collectively, the company reported worldwide net sales and revenues increased 5% to $12.608 billion for the quarter and rose 7% to $35.589 billion for the first nine months. Net sales were $10.999 billion for the quarter and $30.779 billion for nine months compared to $10.357 billion and $28.338 billion last year, respectively. The only equipment division posting a decrease in quarterly sales was John Deere's Production & Precision Agriculture. Net sales fell 6% from $4.27 billion to $3.998 billion. Operating profit was down 9% to $527 million. That compared to $580 million in operating profit a year ago. Bottom of the ag cycle But Deere's forecast indicated that the ag slump could be easing. "As we look ahead, we continue to believe 2026 will mark the bottom of the current ag equipment cycle," Mr. May said. "Across our business, early order program trends, improving used-equipment inventories, and increasing customer adoption of our advanced technologies give us confidence that Deere is well positioned for long-term value creation." For fiscal 2026, Deere forecast sales volumes for the industry and the company: * The industry outlook for agriculture and turf equipment in the U.S. and Canada is expected to be down 15-20% (large ag); flat to up 5% (small ag & turf); flat in Europe and Asia; and down 15-20% in South America (tractors and combines). * Meanwhile, Deere is predicting its production and precision ag sales to be down 10%. It also forecast a 15% increase and a 20% increase in sales for small ag & turf and construction & forestry, respectively. Deere, UAW contract The earnings report comes as John Deere and the United Auto Workers International are in a rift over the company's proposed contraction extension. On Tuesday, July 7, the company offered the UAW an unexpected two-year extension of its current labor contract that included a 4% wage increase, a ratification bonus and rolling the cost-of-living adjustment into base wages if the UAW agreed to the extension. The current contract is set to expire Oct. 31, 2027, but would extend until Oct. 31, 2029, it Deere's offer is approved. The union returned to Deere with a counteroffer of its own and criticism about the lack of bargaining. In response to that, Deere said "that it was not looking to engage in early negotiations" and that it remained firm in its initial extension offer. Previously, Deere indicated that the union had scheduled a vote Sunday, Aug. 23, on the original offer and urged "the union proceed with that vote." Initially, Deere had given the UAW a Monday, Aug. 31, deadline to make a decision. The existing contract was a six-year agreement ratified by the union in November 2021 following a month-long strike. It covered about 10,000 production and maintenance employees at 12 plants in Iowa, Illinois, and Kansas, including union workers across the Quad Cities and eastern Iowa.
Deere shares jumped 5.1% in premarket trading after reporting stronger-than-expected fiscal third-quarter results. The agricultural and construction equipment maker posted diluted earnings of $5.10 per share, beating analyst estimates of $4.67 to $4.79. Net sales reached approximately $11 billion, exceeding forecasts of $10.73 billion to $10.81 billion. Advance Auto Parts plunged 15.9% despite beating earnings expectations, as about $0.31 of its reported $1.03 earnings per share came from one-time tariff refunds. Ultragenyx surged 11.1% after receiving FDA accelerated approval for GENGLYCOS, a gene therapy for glycogen storage disease type Ia. This marks the company's first gene therapy authorisation. CrowdStrike fell 2.8% following reports its chief technology officer is departing to launch an AI-focused cybersecurity fund.
What makes JCB's new 335-HP Fastrac different from American tractors? August 19, 2026 American farmers shopping for a 300-plus-horsepower tractor have plenty of familiar choices. John Deere, Case IH, New Holland, Fendt and other established brands all compete for a place in that part of the machinery shed, but JCB is offering something noticeably different. The British manufacturer is bringing its new 335-horsepower Fastrac 6300 to the 2026 Farm Progress Show in Boone, Iowa, giving many U.S. farmers their first close look at a tractor designed around a philosophy JCB has pursued for more than three decades: a high-horsepower tractor should be nearly as capable traveling between fields as it is working in them. That means a top speed of 41 mph, suspension on both axles, four-wheel steering and serious attention to braking and stability. With the 6300, however, JCB is also making the case that those distinctive Fastrac traits belong on a modern high-horsepower field tractor. 335 horsepower and 41 MPH. At the heart of the Fastrac 6300 is a 6.7-liter FPT six-cylinder diesel producing 335 horsepower and up to 1,400 Nm, or roughly 1,033 lb.-ft., of torque. It's paired with a continuously variable ZF transmission and JCB's Smart Transmission Control system. Those numbers put the 6300 squarely into a horsepower class populated by some of the most important tractors on large U.S. farms. What separates it is what happens when the tractor leaves the field. The Fastrac can travel at speeds up to 41 mph where regulations allow, with double-acting suspension at both the front and rear axles, anti-roll bars and ABS braking helping make those speeds practical. High road speed has always been central to the Fastrac idea. JCB introduced the original Fastrac in the early 1990s with the premise that tractors spent too much productive time slowly traveling between jobs. That argument is particularly easy to understand in Europe, where farms and contractors may move frequently between scattered fields, but it may have increasing relevance in the United States as well. As farms grow and operators cover more acres, moving a tractor several miles between fields can become a meaningful part of the workday. During planting, spraying, tillage and other time-sensitive operations, cutting transport time can translate directly into more acres covered before conditions change. More than a fast tractor. JCB appears determined to keep the 6300 from being defined solely by its road speed. The tractor uses four-wheel steering, including a Twin Steer guidance system that can automatically control both axles. Two satellite receivers help the system maintain accuracy, particularly over rolling ground, while automated headland-turn functions further integrate the tractor into precision farming operations. An optional central tire inflation system addresses another challenge created by building a machine for both road and field use. Operators can increase tire pressure for transport and lower it for field work, helping improve traction and reduce soil compaction without manually adjusting every tire when conditions change. Hydraulic capacity is also substantial. Standard flow is 205 liters per minute, or about 54 gallons per minute, while the 6300 can be equipped with a twin-pump system providing as much as 410 liters per minute, or roughly 108 gallons per minute. Rear three-point lift capacity is approximately 24,250 pounds. Taken together, those specifications make the Fastrac considerably more than a specialized transport tractor. JCB is positioning the 6300 for heavy field work, high-capacity implements and operations where tractors may spend a significant amount of time moving between road and field. A different approach to tractor design. The Fastrac has always looked a little different because it is built differently. Conventional agricultural tractors typically use a rigid rear axle, with suspension concentrated at the front axle and cab. JCB's approach suspends both axles and uses a full-length chassis, allowing the tractor's suspension, steering and braking systems to behave more like those of a high-speed vehicle. The 6300 also maintains a roughly 50:50 weight distribution and uses four equal-sized wheels. Four-wheel steering helps compensate for what could otherwise be a large turning circle on a tractor of this size, while the suspension and chassis design help make its unusual road performance possible. That combination gives JCB a distinctive pitch in a market where manufacturers often compete over relatively small differences in horsepower, hydraulic capacity, cab technology and precision-ag features. The Fastrac is asking farmers to consider whether a tractor that spends part of its working life on the road should be designed from the beginning with that job in mind. Does the Fastrac formula make sense in america? That may be the more interesting question as the 6300 arrives in front of U.S. farmers. A 41-mph tractor has obvious appeal where operators regularly travel long distances between fields, while full suspension could make those trips considerably more comfortable for operators spending 10 or 12 hours in the cab. The American high-horsepower tractor market is fiercely competitive, though, and purchasing decisions involve far more than comparing specifications. Deere and Case IH have enormous installed bases and dealer networks, while New Holland, Fendt, CLAAS and other manufacturers give farmers additional choices. Parts availability, dealer support, resale value and familiarity can matter just as much as horsepower or road speed. JCB does have an existing North American footprint, particularly through its construction equipment, Loadall telehandlers and other material-handling machines. The company is also investing heavily in the region, including a new $500 million manufacturing facility in San Antonio, Texas, giving the arrival of the Fastrac 6300 an interesting place within JCB's broader North American expansion. JCB isn't likely to challenge the biggest U.S. tractor brands on volume anytime soon, and it doesn't need to for the Fastrac to find a place here. Farms that move equipment frequently, custom operators covering large territories and farmers looking for a tractor capable of combining heavy field work with unusually fast transport could represent a natural audience. The 6300 has already received international recognition, winning the Sustainable Tractor of the Year category for 2026. Now Farm Progress Show gives JCB an opportunity to put the tractor in front of American farmers and demonstrate whether the Fastrac concept translates to the way they actually work. A 335-horsepower tractor capable of 41 mph will certainly attract attention. The more important question is whether enough U.S. farmers look at the Fastrac 6300 and decide its unusual approach solves a problem they actually have.
Best 10 grader Manufacturers in the world. Aug 10, 2026 Leave a message As a well - established grader supplier, I've had the privilege of witnessing the ever - evolving landscape of the grader manufacturing industry. Over the years, I've seen firsthand how different manufacturers bring unique features, technologies, and quality standards to their products. In this blog, I'll be sharing the top 10 grader manufacturers in the world, based on my extensive experience and in - depth market research. 1. Caterpillar. Caterpillar is a name that needs no introduction in the construction machinery world. Their graders are renowned for their durability, power, and advanced technology. Caterpillar's graders come with state - of - the - art control systems, which allow for precise blade positioning and grading operations. They offer a wide range of models suitable for various applications, from small - scale construction projects to large - scale highway grading. The company's commitment to innovation is evident in their continuous improvement of fuel efficiency and operator comfort. For instance, their latest models feature ergonomic cabs with excellent visibility, reducing operator fatigue during long working hours. 2. Komatsu. Komatsu is another leading manufacturer of graders. Their products are known for their reliability and high - performance capabilities. Komatsu graders are designed with advanced hydraulic systems that ensure smooth and precise operation. The company also focuses on environmental sustainability, with many of their graders meeting strict emission standards. Their research and development efforts are constantly aimed at improving productivity and reducing operating costs. Komatsu's graders are equipped with intelligent control systems that can optimize the grading process, saving time and resources. 3. John Deere. John Deere has a long - standing reputation for producing high - quality agricultural and construction equipment, including graders. Their graders are characterized by their user - friendly design and excellent maneuverability. John Deere invests heavily in research to develop technologies that enhance the efficiency and accuracy of grading. For example, their graders may come with advanced GPS - based guidance systems, which enable operators to achieve highly accurate grading results. The company also provides comprehensive after - sales support, ensuring that customers can keep their graders in top - notch condition. 4. Volvo construction equipment. Volvo is well - known for its focus on safety and innovation. Their graders are no exception. Volvo graders are built with robust structures and advanced safety features, such as ROPS (Roll - Over Protective Structure) and FOPS (Falling Object Protective Structure). The company's commitment to sustainability is also reflected in their graders, which are designed to be fuel - efficient and have a lower environmental impact. Volvo's graders are equipped with intelligent systems that can monitor the machine's performance in real - time, allowing for proactive maintenance and reducing downtime. 5. Liebherr. Liebherr is a German manufacturer that is synonymous with precision engineering. Their graders are known for their high - quality components and excellent build quality. Liebherr graders are designed to handle tough working conditions, with powerful engines and durable transmissions. The company also offers a high level of customization, allowing customers to tailor the graders to their specific needs. Their advanced hydraulic systems provide smooth and accurate blade control, making them ideal for fine - grading applications. 6. Case construction equipment. Case is a well - respected brand in the construction industry. Their graders are known for their versatility and reliability. Case graders are designed with a focus on ease of use, featuring simple control interfaces that make them accessible to operators of all skill levels. The company offers a range of models with different power and performance capabilities, suitable for a variety of grading tasks. Case also provides extensive training and support to its customers, ensuring that they can get the most out of their graders. 7. JCB. JCB is a British manufacturer that has made a name for itself in the construction machinery market. Their graders are known for their compact design and excellent maneuverability. JCB graders are suitable for working in confined spaces, such as urban construction sites. The company's innovative approach to design is evident in their use of advanced materials and technologies to reduce the weight of the graders without sacrificing performance. JCB also offers a high level of customer service, with a global network of dealerships. 8. SDLG. SDLG is a Chinese manufacturer that has been rapidly gaining popularity in the global market. Their graders are known for their cost - effectiveness and good performance. SDLG offers a range of graders with different specifications to meet the needs of different customers. The company focuses on providing high - quality products at competitive prices. Their graders are also designed with ease of maintenance in mind, reducing the overall cost of ownership. 9. XCMG. XCMG is another leading Chinese manufacturer. Their graders are recognized for their technological innovation and high - performance features. XCMG invests heavily in research and development to develop advanced technologies for their graders, such as intelligent operation systems and efficient power management. The company offers a comprehensive product portfolio, from small - sized graders for light - duty applications to large - sized graders for heavy - duty projects. 10. LiuGong. LiuGong is a well - established Chinese brand that manufactures a variety of construction equipment, including graders. Their graders are known for their solid construction and reliable performance. LiuGong focuses on continuous improvement, listening to customer feedback to enhance the design and functionality of their graders. Their products are also backed by a good after - sales service system, ensuring that customers can get timely support. When it comes to choosing a grader, there are two main types to consider: Four - wheel Graders and Six - wheel Graders. Four - wheel Graders are more maneuverable and suitable for smaller projects or working in tight spaces. To learn more about Four - wheel Graders, you can visit Four - wheel Grader. Six - wheel Graders, on the other hand, offer better stability and traction, making them ideal for large - scale grading operations. For more information on Six - wheel Graders, check out Six - wheel Grader. In conclusion, each of these top 10 grader manufacturers has its own strengths and unique selling points. As a grader supplier, I understand that different customers have different needs, whether it's for a small - scale local project or a large - scale international construction initiative. Shandong Huajiang Automobile Trading Co., Ltd. is here to help you find the perfect grader that suits your specific requirements. Whether you are concerned about cost, performance, technology, or after - sales support, Shandong Huajiang Automobile Trading Co., Ltd. has the expertise and the product range to assist you. If you're in the market for a grader and would like to discuss your options, I invite you to engage in a purchase negotiation with me. Shandong Huajiang Automobile Trading Co., Ltd. can offer you in - depth product knowledge, competitive pricing, and excellent customer service. Don't hesitate to reach out and start the conversation about finding the best grader for your project. References. * Industry reports on construction machinery manufacturing * Product catalogs of the mentioned grader manufacturers * Interviews with industry experts and grader operators
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Industries
Robotics & Automation
Hardware
Industrial & Manufacturing
Company Size
10,001+
Company Stage
IPO
Headquarters
Moline, Illinois
Founded
1837
Find jobs on Simplify and start your career today