Deere & Co. (DE) Tops Q4 EPS by 32c

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Go back to Deere & Co. (DE) Tops Q4 EPS by 32c

Deere Reports Net Income of $2.246 Billion for Fourth Quarter, $7.131 Billion for Fiscal Year

November 23, 2022 6:45 AM EST

Fourth-quarter net income rises sharply on net sales gain of 40%, demonstrating strong execution in face of continued supply-chain constraints.Market environment bolstered by favorable industry fundamentals and continuation of strong demand for farm and construction equipment.Full-year 2023 forecast calls for higher sales and net income of $8.0 to $8.5 billion.

MOLINE, Ill., Nov. 23, 2022 /PRNewswire/ -- Deere & Company (NYSE: DE) reported net income of $2.246 billion for the fourth quarter ended October 30, 2022, or $7.44 per share, compared with net income of $1.283 billion, or... More