(Radio Iowa) – Iowa’s largest manufacturing employer is reporting spectacular first-quarter earnings. Quad Cities-based Deere and Company says net income for the quarter more than doubled from a year ago to more than one-point-two billion dollars, including a 23-percent gain in net sales. Deere officials credit the “successful execution of a new operating strategy.”

In a news release, chairman and CEO John May says the results were aided by improving conditions in the farm and construction sectors. The full-year earnings for fiscal 2021 were also increased to a range of four-point-six to five-billion dollars.