How Deere’s Construction & Forestry Segment Performed in 4Q17

By Peter Neil
Market Realist
November 23, 2017
Category: Business & Politics
Region: Canada, United States

In fiscal 4Q17, Deere’s Construction & Forestry segment reported revenue of $1.7 billion, a 37.0% rise from fiscal 4Q16, when it reported revenue of $1.2 billion. The segment’s revenue growth was driven by higher volumes, better price realization, and favorable foreign exchange currency hedging. The Construction & Forestry segment reported operating profit of $85.0 million in 4Q17, a 103.7% rise from fiscal 4Q16’s operating loss of $17 million. …The segment’s outlook appears to be positive, as the US GDP is expected to grow 2.5% in fiscal 2018, and crude oil prices are expected to rise, which will encourage crude oil production and improve construction equipment demand.

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