secwatch.observer — SEC 8-K summary
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Issuer:     DEERE & CO (DE)
CIK:        0000315189
Form:       8-K
Filed at:   2022-02-18T23:59:59+00:00
Accession:  0001558370-22-001380
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315189/000155837022001380/0001558370-22-001380-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315189/000155837022001380/de-20220218x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-001380

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