Deere sees 2014 equipment sales down

Feb 12, 2014 | 05:09 PM | Corinna Petry

Tags  Deere, earnings results, Samuel Allen, Susan Karlix, Tony Huegel, construction machinery, forestry machinery, farm bill Corinna Petry

CHICAGO — Deere & Co.’s outlook remains upbeat despite an anticipated fall in equipment sales during its fiscal fourth quarter and full year.

The Moline, Ill.-based company expects equipment sales to drop 6 percent year on year for the three months ending April 30, with full-year sales seen falling about 3 percent.

Deere is facing slowing demand for agricultural equipment, offset somewhat by increased demand for construction and forestry equipment, while transitioning equipment production to Tier IV emissions standards mandated by the U.S. Environmental Protection Agency.....

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