---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-001380"
form_type: "8-K"
ticker: "DE"
cik: "0000315189"
company_name: "DEERE & CO"
filed_at: "2022-02-18T23:59:59+00:00"
generated_at: "2026-06-27T06:43:49.433412+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Deere Q1 net income $903M ($2.92 EPS) down 26% YoY; raises FY2022 guidance to $6.7-7.1B

## Summary
- Q1 net sales & revenues $9.569B, +5% YoY; equipment net sales $8.531B, +6%.
- Production & Precision Ag operating profit down 54% to $296M on higher costs and unfavorable mix.
- Small Ag & Turf operating profit down 21% to $371M; Construction & Forestry operating profit up 1% to $272M.
- Fiscal 2022 net income guidance raised to $6.7-7.1B; sees large ag demand up ~20% in US/Canada.
- Q1 included $90M UAW ratification bonus and supply-chain inefficiencies; financial services net income +13%.

## SEC filing metadata
- accession: 0001558370-22-001380
- form_type: 8-K
- ticker: DE
- cik: 0000315189
- company_name: DEERE & CO
- filed_at: 2022-02-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/315189/000155837022001380/0001558370-22-001380-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/315189/000155837022001380/de-20220218x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-001380
- JSON: https://secwatch.observer/filing/0001558370-22-001380.json
- Plain text: https://secwatch.observer/filing/0001558370-22-001380.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.