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Deere’s Construction and Forestry Segment Was Strong

Peter Neil
Deere’s Construction and Forestry Segment Was Strong

In the fourth quarter, Deere’s (DE) Construction and Forestry segment reported revenues of $2.74 billion—an increase of 65.2% compared to the fourth quarter of 2017 when it reported revenues of $1.66 billion. The segment’s revenue growth was mainly driven by Deere’s acquisition of Wirtgen Group, which was completed in December 2017. Wirtgen Group contributed 45% to the segment’s revenue growth.