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Oct 31, 2021
Deere Q4 2021 Earnings Report
Deere's fourth-quarter net income increased due to a 19% rise in net sales, showcasing strong execution and the advantages of the operating model. The UAW contract agreement demonstrated a commitment to Deere's workforce.
Key Takeaways
Deere & Company reported a strong fourth-quarter performance with net income of $1.283 billion, or $4.12 per share, compared to $757 million, or $2.39 per share, for the quarter ended November 1, 2020. Worldwide net sales and revenues increased 16 percent to $11.327 billion.
Fourth-quarter net income rose on net sales gain of 19%, demonstrating solid execution and benefits of operating model.
UAW contract agreement shows commitment to Deere’s workforce.
Full-year 2022 earnings forecast to be $6.5 to $7.0 billion, reflecting healthy demand.
Deere's strong fourth-quarter and full-year performance was delivered by dedicated employees, dealers, and suppliers throughout the world, who have helped safely maintain our operations and serve customers
Revenue by Segment
Forward Guidance
Net income attributable to Deere & Company for fiscal 2022 is forecasted to be in a range of $6.5 billion to $7.0 billion.
Positive Outlook
- Looking ahead, we expect demand for farm and construction equipment to continue benefiting from positive fundamentals, including favorable crop prices, economic growth, and increased investment in infrastructure
Challenges Ahead
- At the same time, we anticipate supply-chain pressures will continue to pose challenges in our industries.
- We are working closely with our suppliers to address these issues and ensure that our customers can deliver essential food and infrastructure more profitably and sustainably.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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