Deere & Company.
Deere & Company, Moline Moline (mōlēn`), city (1990 pop. 43,202), Rock Island co., NW Ill., on the Mississippi River, in a coal area; inc. 1848. It is a transportation and industrial center, and has been a major producer of farm machinery since the industrialist John Deere moved there in 1847., I11., announces record worldwide net income of $477.3 million for the second quarter, compared with net income of $256.9 million last year. For the first six months, net income was a record $648.1 million compared with $324.9 million for the period last year. Division sales for agricultural equipment increased 29 percent for the quarter. The sales increases were mainly due to higher shipments, reflecting strong retail demand, the impact of currency translation and improved price realization.
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