John Deere Q1 Report 2022

John Deere & Company reported net income of $903 million for the first quarter ended January 30, 2022, or $2.92 per share, compared with net income of $1.224 billion, or $3.87 per share, for the quarter ended January 31, 2021.

Worldwide net sales and revenues increased 5 percent in the first quarter of 2022 to $9.569 billion. Equipment operations net sales were $8.531 billion for the quarter, compared with $8.051 billion in 2021.

Highlights

• Quarterly results reflect solid execution in dynamic environment.
• End-market demand remains favorable; year’s earnings-guidance range increased to $6.7 to $7.1 billion.
• Newly announced goals highlight opportunities to create significant economic and sustainable value for customers and stakeholders.
• Deere’s 2021 Sustainability Report published, illustrating the company’s unique position to deliver sustainable outcomes.