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Construction & Forestry Segment’s Revenue, Margins Improved

Peter Neil
Construction & Forestry Segment’s Revenue, Margins Improved

In the fiscal second quarter, Deere & Company’s (DE) Construction & Forestry segment reported revenue of $2.7 billion, an 84% rise compared to the same quarter of the previous year, in which it reported revenue of $1.5 billion. The segment’s revenue growth was mainly driven by the company’s acquisition of Wirtgen Group. The Construction & Forestry segment reported an operating profit of $259.0 million in the fiscal second quarter, a rise of 133.3% from the corresponding quarter of the previous year, in which it reported an operating profit of $111.0 million.