earnings
confidence high
sentiment positive
materiality 0.85
Deere Q4 net income rises 75% to $2.25B ($7.44 EPS); FY23 forecast $8.0-8.5B
DEERE & CO
2022-FY EPS reported
$23.28
revenue$52,577,000,000
- Q4 net income $2.246B ($7.44 diluted EPS) vs $1.283B ($4.12) a year ago.
- Worldwide net sales & revenues $15.5B, up 37% YoY; equipment ops net sales $14.4B.
- Production & Precision Ag segment sales $7.4B (+59%), operating profit $1.7B (+124%).
- FY2023 net income guided to $8.0–8.5B; large ag industry outlook up 5-10%.
- Full-year 2022 net income $7.13B ($23.28 EPS) vs $5.96B ($18.99) in 2021.