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Top related persons:
Bianca Flowers - 1 Deere - 1 Kristen Owen - 1 Owen - 1 Jerry Revich - 1 Goldman Sachs - 1 Joshua Jepsen - 1 Joe Biden administration's - 1
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Bondurant , Iowa U.S Moline , Illinois Chicago Bengaluru
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Deere - 1 Co - 1 REUTERS - 1 Oppenheimer - 1 Co Inc - 1 Goldman - 1 Deere's - 1 U.S - 1

Search resuls for: "Joshua Jepsen"


2 mentions found


☆ Deere lifts outlook on profit beat, strong demand but shares still skid
  + stars: | 2023-08-18 | by ( Bianca Flowers Shivansh Tiwary | Bianca Flowers | Shivansh Tiwary | ) www.reuters.com   time to read: +3 min
The Moline, Illinois-based company posted a 60% rise in quarterly profit, yet investors were seemingly unimpressed as shares slumped for the world's largest farm equipment maker. While it easily beat profit expectations, Deere's stock slump is consistent with other cyclical companies that have outperformed estimates. Deere expects 2023 net income between $9.75 billion and $10.00 billion, up from its previous outlook of $9.25 billion to $9.50 billion. Construction and forestry equipment sales increased 14% on solid demand backdrop fueled by U.S. President Joe Biden administration's $1 trillion infrastructure deal. Sales from equipment operations rose about to $14.28 billion compared to $13 billion a year ago.
Persons: Bianca Flowers, Deere, Kristen Owen, Owen, Jerry Revich, Goldman Sachs, Joshua Jepsen, Joe Biden administration's, Vinay Dwivedi, Elaine Hardcastle, Marguerita Choy Organizations: Deere, Co, REUTERS, Oppenheimer, Co Inc, Goldman, Deere's, U.S, Thomson Locations: Bondurant , Iowa, U.S, Moline , Illinois, Chicago, Bengaluru
☆ First-Time CFOs Get a Crash Course in Managing Inflation, Volatile Markets
  + stars: | 2023-02-23 | by ( Kristin Broughton | Anna Mutoh | ) www.wsj.com   time to read: +11 min
Critical decisions made as CFO: Mr. Jepsen allowed the company to incur higher costs to expedite shipping for parts to factories and deliveries to customers. Enphase faced pressure last year from higher costs and the effects of a strong U.S. dollar. Ken Jacobson, CFO of Avnet Photo: AVNET INC.Ken Jacobson, Avnet Inc.Age: 45Career path: Mr. Jacobson, who had previously served as interim CFO from 2017 to 2018, stepped in officially as CFO in September. Mr. Jacobson says Avnet’s interest expenses on its debt have almost tripled over the past year. While there was some attrition in the beginning, it hasn’t been as bad as other companies, Mr. Jacobson said.
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