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DE FY2Q20 items…

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Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/18/2020 11:14:08 AM
Focused on Unlocking Customer Value, Deere Announces New Operating Model PR Newswire (Canada) - 6/17/2020 10:00:00 AM
Focused on Unlocking Customer Value, Deere Announces New Operating Model PR Newswire (US) - 6/17/2020 10:00:00 AM
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Current Report Filing (8-k) Edgar (US Regulatory) - 5/29/2020 10:49:24 AM
Deere Board elects John Stone as President, Worldwide Construction & Forestry and Power Systems PR Newswire (US) - 5/29/2020 10:00:00 AM
Deere Board elects John Stone as President, Worldwide Construction & Forestry and Power Systems PR Newswire (Canada) - 5/29/2020 10:00:00 AM
Quarterly Report (10-q) Edgar (US Regulatory) - 5/28/2020 2:24:51 PM
Specialized Disclosure Report (sd) Edgar (US Regulatory) - 5/28/2020 11:15:49 AM
Deere & Company Announces Quarterly Dividend PR Newswire (US) - 5/27/2020 10:59:00 AM
Deere & Company Announces Quarterly Dividend PR Newswire (Canada) - 5/27/2020 10:59:00 AM
Deere Sees Pandemic Pain Deepening -- WSJ Dow Jones News - 5/23/2020 3:02:00 AM
Deere Lowers Sales, Profit Outlook on Coronavirus Impact Dow Jones News - 5/22/2020 1:08:00 PM
Deere Projects Lower Net Income for 2020 Dow Jones News - 5/22/2020 7:45:00 AM
Deere Beats Expectations Despite Smaller 2Q Profit, Revenue Dow Jones News - 5/22/2020 6:59:00 AM
Focused on Safe Operations, Deere Reports Second Quarter Net Income of $665.8 Million PR Newswire (Canada) - 5/22/2020 6:45:00 AM
Focused on Safe Operations, Deere Reports Second Quarter Net Income of $665.8 Million PR Newswire (US) - 5/22/2020 6:45:00 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/22/2020 6:09:34 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/13/2020 9:01:15 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/1/2020 1:06:38 PM
Initial Statement of Beneficial Ownership (3) Edgar (US Regulatory) - 5/1/2020 12:51:51 PM
Verizon Executive Erwin Joins Deere Board of Directors PR Newswire (Canada) - 5/1/2020 6:45:00 AM
Verizon Executive Erwin Joins Deere Board of Directors PR Newswire (US) - 5/1/2020 6:45:00 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/1/2020 6:39:36 AM
Deere Begins Production Of Protective Face Shields For Health-Care Workers PR Newswire (US) - 4/9/2020 11:00:00 AM
DewDiligence Member Level  Friday, 05/22/20 09:22:01 AM
Re: DewDiligence post# 325
Post # of 328 
DE FY2Q20 items…

PR:
https://www.deere.com/en/our-company/news-and-announcements/news-releases/2020/corporate/second-quarter-earnings/

CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2020/q2/2Q_2020_Earnings-Call-Presentation.pdf


DE’s YoY sales fell 22% in the ag segment and 25% in the construction segment, but these results were somewhat better than consensus estimates.

DE’s reinstated guidance for the full fiscal year (ending 10/31/20) is sharply down from the original guidance that was issued in Nov 2019 and then retracted due to COVID-19. Specifically, the new FY2020 guidance calls for $1.8B of net income, down from the $2.9B guidance given in Nov 2019 and the $3.2B net income actually achieved in FY2019.

The stock is +4% in PM trading.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”
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