Worldwide net sales and revenues declined one percent to $5.177 billion for the fourth quarter and increased 10 percent to $21.931 billion for the full year. Net sales of the equipment operations were $4.486 billion for the quarter and $19.401 billion for the year, compared with $4.612 billion and $17.673 billion for the periods last year.

?EUR??,,????'??We?EUR??,,????'???re pleased the company remained solidly profitable for the quarter, even though our results were affected negatively by substantial production cutbacks,” said Robert W. Lane, chairman and chief executive officer.

John Deere’s worldwide equipment sales were down five percent for the quarter and up five percent for the year. Equipment sales in the U.S. and Canada declined two percent for the quarter and rose 10 percent for the year. Outside the U.S. and Canada, equipment sales declined by six percent for the quarter and rose by six percent on a full-year basis.

Deere?EUR??,,????'???s equipment divisions reported operating profit of $224 million for the quarter and $1.842 billion for the year, compared with $449 million and $1.905 billion last year. Operating profit for the quarter declined primarily due to lower manufacturing volumes and shipments in the agricultural equipment division, as well as higher warranty costs.