Deere & Co.

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Other Pre-Announcement

Deere Reports Q4 Sales Up 16% To $11.33 Bln

Published: 11/24/2021 12:04 GMT
Deere & Co. (DE) - Deere Reports Net Income of $1.283 Billion for Fourth Quarter, $5.963 Billion for Fiscal Year.
Q4 Earnings per Share $4.12.
Q4 Sales Rose 16 Percent to $11.33 Billion.
Full-year 2022 Earnings Forecast to Be $6.5 to $7.0 Billion, Reflecting Healthy Demand.
Anticipate Supply-chain Pressures Will Continue to Pose Challenges in Our Industries.
Looking Ahead, We Expect Demand for Farm and Construction Equipment to Continue Benefiting From Positive Fundamentals.
Q4 Earnings per Share View $3.90, Revenue View $10.44 Billion -- Refinitiv Ibes Data (analyst estimates).
Construction & Forestry Sales Moved Higher for Quarter Primarily Due to Higher Shipment Volumes and Price Realization.
Qtrly Construction and Forestry Net Sales $2,806 Million Versus $2,461 Million.
Small Agriculture and Turf Sales Increased for Quarter Due to Higher Shipment Volumes and Price Realization.
Qtrly Small Agriculture and Turf Net Sales$2,809 Million Versus $2,397 Million.
Qtrly Production & Precision Agriculture Net Sales$4,661 Million Versus $3,801 Million.
Production and Precision Agriculture Sales Increased for Quarter Due to Higher Shipment Volumes and Price Realization.
Sees 2022 Construction & Forestry Net Sales Up 10% to 15%.
Sees 2022 Small Agriculture & Turf Net Sales Up 15% to 20%.
Sees 2022 Production & Precision Agriculture Net Sales Up 20% to 25%.
Fiscal-year 2022 Net Income Attributable to Deere & Company for Financial Services Operations is Forecast to Be About $870 Million.