Deere Announces Record First-Quarter Earnings of $650 Million
Net sales of the worldwide equipment operations rose 11 percent for the quarter
Net income attributable to John Deere Capital Corporation was $105.0 million for the first quarter, compared with $93.3 million last year. Results improved for the quarter primarily due to growth in the credit portfolio, partially offset by higher selling, administrative and general expenses.
Net receivables and leases financed by JDCC were $26.329 billion and $22.486 billion at January 31, 2013 and 2012, respectively.
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