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Jul 30, 2023
Deere Q3 2023 Earnings Report
Net income increased due to sound execution and strong order books.
Key Takeaways
Deere & Company reported strong third-quarter results with net income of $2.978 billion, driven by favorable market conditions and an improved operating environment.
Sound execution contributed to a 10% increase in net sales and higher earnings.
Strong order books and positive industry fundamentals drove strong results.
Net income for the third quarter reached $2.978 billion, or $10.20 per share.
Full-year net income forecast increased to a range of $9.75 billion to $10.00 billion.
Deere
Deere
Deere Revenue by Segment
Revenue by Segment
Production & Precision Ag Revenue
CapyFin.comSmall Ag & Turf Revenue
CapyFin.comConstruction & Forestry Revenue
CapyFin.com Forward Guidance
Deere & Company anticipates net income attributable for fiscal year 2023 to be in the range of $9.75 billion to $10.00 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income