Deere Q3 net income $2.98B ($10.20 EPS), up 58% YoY; FY guidance raised to $9.75-10.0B

DEERE & CO

2023-Q3 EPS reported $26.35 revenue$45,839,000,000

Net income $2.978B ($10.20 diluted EPS) vs $1.884B ($6.16) a year ago; revenue $15.8B +12%.
Full-year FY2023 net income forecast increased to $9.75-10.00B from prior $9.25-9.50B range.
Production & Precision Ag segment: sales $6.806B (+12%), operating profit $1.782B (+38%).
Construction & Forestry segment: sales $3.739B (+14%), operating profit $716M (+39%).
Small Ag & Turf segment: sales $3.739B (+3%), operating profit $732M (+33%).

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