(Radio Iowa) – Quad Cities-based Deere and Company is wrapping up its fiscal year on a high note. Iowa’s largest manufacturing employer is releasing its fourth quarter earnings, reporting net income of more than two-point-three billion dollars for the quarter, up from two-point-two billion at this time last year.

A Deere news release says worldwide net sales and revenues fell one-percent for the quarter and rose 16-percent for the year. The statement says Deere’s being driven by solid market conditions, differentiated products, and strong execution.