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Deere & Company Earnings Call 
Deere & Co. Earnings Call, First Quarter 2009
25th February 2009 00:00 AM
The ongoing higher material costs, worsening global recession and volatile foreign exchange rates exerted a downward pressure on Q1 financial results.
The management announced first quarter worldwide net income of $203.9 million or 48 cents per share compared with $369.1 million or 83 cents per share for the equivalent quarter last year. Worldwide net sales and revenues retreated 1% to $5.146 billion for the quarter versus $5.201 billion a year ago. The net sales of the equipment operations were $4.560 billion for the quarter compared with $4.531 billion in the previous year quarter.
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Deere Earnings Call, Fourth Quarter 2008
28th November 2008 00:00 AM
Net income fell 18% as a tighter credit markets and higher raw-material costs cut into its farm equipment and financing businesses.
The farming and construction equipment company sales rose 21% to $7.4 billion. Net sales of the equipment operations were $6.734 billion compared with $5.423 billion last year. World-wide production tonnage was up 24%. For Q1, Deere forecast a net income of $275 million, and $1.9 billion for the full-fiscal year.
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Deere & Company Second Quarter Earnings Call
16th May 2008 00:00 AM
Profit increased to $763.5 million as soaring crop prices boosted global demand for agricultural equipment.
Revenue increased 18% to $8.1 billion from $6.88 billion. Equipment sales were below the Deere''s forecast for the April quarter, coming in at 19% growth vs. an expected 23%. Operating profit from Deere''s construction and forestry equipment unit slipped 14% to $166 million as sales declined 7% to $1.35 billion. Deere reaffirmed projections calling for income of $2.2 billion for the full fiscal year on equipment sales growth of 20%.
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Deere & Co. First Quarter Earnings Call
14th February 2008 00:00 AM
Income was $369 million or 83 cents a share from $239 million or 52 cents a share in 2006, up 54% on worldwide net sales growth.
The provider of agricultural implements reported an 18% growth in worldwide net sales to $5 billion as favorable conditions throughout the global farm sector, coupled with a positive customer response to the company’s product lineup, is continuing to drive results. The non-agricultural operations remain on a profitable course in spite of weakening economic conditions in the U.S. and at the same time the firm is well-positioned to continue benefiting from powerful global economic trends.
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Deere & Company Fourth Quarter Earnings Call
24th November 2007 00:00 AM
Profit rose 52% to $422.1 million due in part to strong sales of agricultural and commercial equipment.
The maker of agricultural and commercial equipment’s revenue grew 20% to $6.14 billion, exceeding expectations of $5.8 billion. The favorable currency translation added 9 percentage points to that sales growth. Equipment operations revenue increased to $5.42 billion from $4.49 billion in the prior year. Sales in the company''s agricultural division increased, helping to offset declines in construction and forestry revenue. The company expects Q1 equipment sales to rise about 25%.
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Deere & Company Third Quarter Earnings Call
17th August 2007 00:00 AM
The net income increased to $537.2 million or $2.37 per share as against $436 million or $1.85 per share in the prior year quarter.
The leading farm equipment maker reported revenue of $6.63 billion, an increase of 6% from $6.27 billion in prior year, on 5% strong in global machinery sales. The company is integrating LESCO into John Deere landscapes and LESCO was slightly profitable in the third quarter. For the fourth quarter of 2007, the firm expects company-wide equipment operations net sales to be up about 16%, with sales from LESCO and positive currency translation accounting for about half of that increase.
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Deere Second Quarter Earnings Call
22nd May 2007 00:00 AM
The earnings fell to $623.6 million or $2.72 per share compared to $744.6 million or $3.13 per share in the prior year quarter.
The leading farm equipment maker reported revenue of $6.88 billion, up 5% from the prior year quarter, with 22% percent revenue growth in the markets outside North America. Deere’s worldwide agricultural sales were up 14% including approximately 3 points of positive currency translation. During the second quarter 2007, Deere repurchased 3.6 million shares with an expenditure of about $0.4 billion. For the third quarter of 2007, the firm expects net income of $400 to $425 million.
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