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MarketScreener Homepage  >  Equities  >  Nyse  >  Deere & Company    DE

DEERE & COMPANY

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Deere mpany : Containing Wildfires | John Deere US

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07/08/2019 | 10:33am EDT

In 2018, over 50,000 wildfires burned more than eight million acres in the United States. Over the last decade, wildfires have caused more than $5 billion in damage.* Wildfire suppression is hard, dangerous work. Specially equipped construction equipment plays a key role in wildfire suppression and mitigation.

For almost 30 years, G.R. Manufacturing, Inc. of Trussville, Alabama, has been outfitting John Deere dozers and compact track loaders (CTLs) with packages that allow them to help with wildfire suppression and mitigation. These modified construction machines are used by the U.S. Forest Service and state forestry services to help deal with wildfires. G.R. Manufacturing also supplies guarding packages for other applications, including military, waste handling, and demolition.

Protective items are tested and certified to meet OSHA standards. Guarding helps protect the operator and machine in harsh, low-visibility environments where workers are more likely to bump into objects and falling tree limbs are a constant danger. Specially designed guards also protect fittings and components to help keep the machines from breaking down when crews are racing to stay safely ahead of the fire.

The most commonly used direct fire-suppression machine is the dozer. It is also used in pre-suppression mitigation, for example, plowing furrows to create fire lines that prevent the fire from spreading. CTLs are used for pre-suppression activities only, such as the removal of understory, the brush that grows under the tree canopy. They are also used to help remove fuel to create defensible spaces around valuable assets such as subdivisions.

*Source: Insurance Information Institute.

Disclaimer

Deere & Company published this content on 08 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 July 2019 14:32:08 UTC

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Financials (USD)
Sales 2020 27 982 M - -
Net income 2020 1 891 M - -
Net Debt 2020 20 232 M - -
P/E ratio 2020 26,5x
Yield 2020 2,01%
Capitalization 49 651 M 49 651 M -
EV / Sales 2019
EV / Sales 2020 2,50x
Nbr of Employees 73 489
Free-Float 58,2%
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John C. May Chairman, President, CEO & COO
Ryan D. Campbell Chief Financial Officer & Senior Vice President
Rajesh Kalathur Chief Information Officer
Jahmy J. Hindman Chief Technology Officer
Dipak Chand Jain Independent Director
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