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Deere & Company Financial Summary

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Deere & Company Financial Summary
Deere & Company net income for 2011 is $2,799,900, 2012 is $3,064,700, and 2013 $3,537,300. Caterpillar’s net profit is 4,928,000 in 2011, 5,681,000 in 2012, and 3,789,000 in 2013. When comparing the two, one can note that Caterpillar was doing better in 2011 and 2012. However, since they made changes and created strategy to improve the company they are much closer to Caterpillar in 2013. Comparing them to the industry in average they are doing well. The tractor and agricultural equipment industry comprised more than 1,000 companies, with Deere & Company, CNH Industrial N.V., AGCO Corporation, and Caterpillar generating half of all revenues. When evaluating Deere & Company’s income statement they have grown. Their total revenue, gross profit,
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