secwatch.observer — SEC 8-K summary
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Issuer:     DEERE & CO (DE)
CIK:        0000315189
Form:       8-K
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0001558370-23-001480
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Deere Q1 net income $1.959B ($6.55 EPS), up 117% YoY; raises FY2023 outlook to $8.75-9.25B
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- Net income $1.959B, EPS $6.55 vs $2.92 prior year; revenue $12.652B (+32%).
- Production & Precision Ag sales $5.198B (+55%), operating profit $1.208B (+308%).
- Construction & Forestry sales $3.203B (+26%), operating profit $625M (+130%).
- Full-year net income forecast raised to $8.75B-$9.25B from prior guidance.
- Financial Services net income $185M, down 20% YoY due to less favorable financing spreads.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315189/000155837023001480/0001558370-23-001480-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315189/000155837023001480/de-20230217x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-001480

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