Followers | 827 |
Posts | 119552 |
Boards Moderated | 15 |
Alias Born | 09/05/2002 |
Friday, May 19, 2023 10:38:19 AM
https://s22.q4cdn.com/253594569/files/doc_financials/2023/q2/DE-2Q23-News-Release-and-Financials.pdf
FQ2Q23 was another superb quarter with volume and pricing gains in all three operating segments. Price increases more than offset increased production costs, and DE expects this to be true during all of FY2023.
• FY2Q23 product sales (excluding revenue from DE’s finance unit) were $16.1B, +34% YoY.
• FY2Q23 GAAP EPS was $9.65, +42% YoY.
DE again raised FY2023 net-income guidance to a range of $9.25-9.50B (up from $8.75-9.25B three months ago and $8.0-8.5B six months ago).
Based on 297M diluted shares @4/30/23, DE’s FY2023 net-income guidance equates to FY2023 GAAP EPS of $31.10-32.00, +34-37%(!) relative to $23.28 in FY2022, and +64-69%(!!) relative to $18.99 in FY2021.
At the current share price ($385.50 as I’m typing), the FY2023 EPS guidance equates to a FY2023 P/E ratio of 12.
*DE’s fiscal years end on Oct 31; FY2Q23 spanned the period from 2/1/23 to 4/30/23.
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”
Recent DE News
- Kellye Walker Joins Deere & Company as Senior Vice President, Chief Legal Officer and Worldwide Public Affairs • PR Newswire (Canada) • 03/25/2024 02:00:00 PM
- Kellye Walker Joins Deere & Company as Senior Vice President, Chief Legal Officer and Worldwide Public Affairs • PR Newswire (US) • 03/25/2024 02:00:00 PM
- The John Deere Foundation Commits Nearly $4 Million in Grants to the National FFA Organization (FFA) • PR Newswire (US) • 03/21/2024 01:00:00 PM
- The John Deere Foundation Commits Nearly $4 Million in Grants to the National FFA Organization (FFA) • PR Newswire (Canada) • 03/21/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 05:26:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 05:13:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 05:06:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 04:52:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 04:44:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 04:35:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 04:27:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 04:14:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 03:59:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 03:45:05 PM
- Deere Recognized as One of the 2024 World's Most Ethical Companies® • PR Newswire (Canada) • 03/04/2024 02:00:00 PM
- Deere Recognized as One of the 2024 World's Most Ethical Companies® • PR Newswire (US) • 03/04/2024 02:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/01/2024 04:31:18 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/29/2024 06:31:35 PM
- Deere & Company Announces Quarterly Dividend • PR Newswire (Canada) • 02/28/2024 04:31:00 PM
- Deere & Company Announces Quarterly Dividend • PR Newswire (US) • 02/28/2024 04:31:00 PM
- John Deere Announces Major Product Launch at Commodity Classic • PR Newswire (Canada) • 02/28/2024 02:00:00 PM
- John Deere Announces Major Product Launch at Commodity Classic • PR Newswire (US) • 02/28/2024 02:00:00 PM
- U.S. Futures Edge Higher Ahead of Key Economic Data Release, Oil Prices See Modest Declines • IH Market News • 02/15/2024 11:35:32 AM
- Deere Reports First Quarter Net Income of $1.751 Billion • PR Newswire (Canada) • 02/15/2024 11:33:00 AM
- Deere Reports First Quarter Net Income of $1.751 Billion • PR Newswire (US) • 02/15/2024 11:33:00 AM
FEATURED NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM