Deere says first phase of early orders for combines are down double-digits- conf call

Deere says first phase of early orders for combines were down double-digits- conf call.deere says early orders for planters were up single digits- conf call.deere says early orders for sprayers were down low double-digits.deere says uncertainty has slowed replacement equipment demand in 2019.deere says seeing some evidence that u.s. farmer sentiment is beginning to improve.deere says fleet age in the u.s. has reached its highest point in over a decade, and co's 2020 outlook anticipates even further aging of this fleet.deere says many u.s. customers will reach a point in 2020 where they simply need to replace their equipment.deere says tractor order book currently extends through the end of march, well ahead of last year.deere says lease return rates remain at elevated levels.deere says has taken actions to reduce co's matured lease inventory.deere says announced $140 million voluntary separation program for salaried employees.deere says will review overseas footprint.deere says voluntary separation program, combined with initiatives taken in 2019, is estimated to contribute to annualized savings of about $150 million.deere says voluntary separation costs will be incurred in the first quarter of fiscal 2020.
DE Ratings Summary
DE Quant Ranking