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MarketScreener Homepage  >  Equities  >  Nyse  >  Deere & Company    DE

DEERE & COMPANY

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Deere mpany : John Deere Continues Commitment to Environmental Conservancy

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04/11/2019 | 08:53am EDT

John Deere annually celebrates Reman Day at its remanufacturing facilities.

Moline, Ill. (April 11, 2019) - Continuing its efforts to advance the remanufacturing industry, John Deere is hosting its annual Reman Day celebration, today, April 11, 2019, at its remanufacturing facilities in Springfield, Missouri and Edmonton, Alberta, Canada, as well as at various units throughout the company. This year's celebration focuses on three primary themes: delivering value to the John Deere customer, quality and pride of workmanship throughout the remanufacturing process, and improving environmental stewardship.

'It has been rewarding to see the continued growth and expansion of our remanufacturing business and John Deere Reman Day is way to celebrate those accomplishments while continuing to increase awareness,' said Josh Kempel, Global Sales and Marketing Manager, John Deere Reman. 'Our employees truly understand the value and impact of the remanufacturing process, and strive to serve John Deere customers throughout the equipment lifecycle, while minimizing waste and making the most of resources.'

At the Reman facilities in Springfield, Missouri, the day begins with an emphasis on hazardous material collection. Crews will be on site to collect and dispose of items such as paints, electronics, light bulbs, and oil. John Deere also invited local high schools to learn more about the remanufacturing process and how it benefits the environment. Students will receive a tour of the engine remanufacturing facility and learn more about various John Deere scholarship opportunities.

Recently celebrating 20 years since the program's launch in Springfield, Missouri, the John Deere Reman program has offered like-new exchange components since 1998. Previously sold, used or worn parts are restored from both a quality and performance perspective - and cost between 20-40 percent less than new parts. Remanufactured components such as engines, transmissions, axles, electronics and rotating electrical components are covered under a John Deere warranty. Through the remanufacturing processes of these components, John Deere Reman has prevented over 125 million pounds of landfill waste in the last five years, reducing energy and raw materials consumption, thus safeguarding the environment.

To learn more about the celebration or the remanufacturing process, visit www.JohnDeere.com or contact your local John Deere dealer.

Disclaimer

Deere & Company published this content on 11 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 April 2019 12:52:04 UTC

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Financials ($)
Sales 2019 35 132 M
EBIT 2019 4 142 M
Net income 2019 3 362 M
Debt 2019 39 967 M
Yield 2019 2,11%
P/E ratio 2019 12,92
P/E ratio 2020 11,42
EV / Sales 2019 2,36x
EV / Sales 2020 2,24x
Capitalization 43 114 M
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Samuel R. Allen Chairman & Chief Executive Officer
Rajesh Kalathur Chief Financial & Information Officer, Senior VP
Vance D. Coffman Independent Director
Dipak Chand Jain Independent Director
Clayton M. Jones Independent Director
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