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Deere’s Construction & Forestry Segment Revenue Doubled in Q3

Peter Neil
Deere’s Construction & Forestry Segment Revenue Doubled in Q3

In the fiscal third quarter, Deere’s (DE) Construction & Forestry segment reported revenue of $3 billion, a 100% rise compared to fiscal Q3 2017 when it reported revenue of $1.5 billion. The segment’s revenue growth was mainly driven by the company’s acquisition of Wirtgen Group, which was completed in December. Wirtgen Group’s contribution, higher shipments, and lower warranty expenses helped the segment’s operating profit grow.