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Jan 30, 2022
Deere Q1 2022 Earnings Report
Deere's first quarter earnings were reported, reflecting solid execution amidst a dynamic environment.
Key Takeaways
Deere & Company reported a net income of $903 million for the first quarter ended January 30, 2022, which translates to $2.92 per share. Worldwide net sales and revenues increased by 5% to $9.569 billion. The company has increased its full-year earnings guidance to a range of $6.7 to $7.1 billion.
Net income reached $903 million, or $2.92 per share.
Worldwide net sales and revenues increased by 5% to $9.569 billion.
Equipment operations net sales were $8.531 billion.
Fiscal year 2022 net income is projected to be between $6.7 billion and $7.1 billion.
Deere
Deere
Deere Revenue by Segment
Forward Guidance
Net income attributable to Deere & Company for fiscal 2022 is forecast to be in a range of $6.7 billion to $7.1 billion.
Positive Outlook
- Demand for farm and construction equipment is expected to continue benefiting from strong fundamentals.
- Opportunities to create value for customers and other stakeholders.
- Leveraging technology that delivers improved customer profitability.
- Improved customer productivity.
- Improved customer sustainability.
Revenue & Expenses
Visualization of income flow from segment revenue to net income