earnings
confidence medium
sentiment neutral
materiality 0.40
Deere furnishes Q2 FY2022 results (press release text not included); six-month segment data shows mixed performance
DEERE & CO
2022-Q2 EPS reported
$9.72
revenue$22,939,000,000
- Six-month equipment net sales $20.6B, up 8% YoY from $19.0B.
- Equipment operating profit $3.33B, down 5.5% from $3.52B; margins contracted to 16.2% from 18.5%.
- Production & Precision Ag operating profit fell 18% to $1.35B; Construction & Forestry rose 43% to $1.09B.
- Financial Services net income $439M vs $427M; SVA $200M vs $204M.
- The actual Q2 press release (Exhibit 99.1) was furnished but its text was not appended in this filing.