John Deere Q1 Report 2023

John Deere & Company reported net income of $1.959 billion for the first quarter ended January 29, 2023, or $6.55 per share, compared with net income of $903 million, or $2.92 per share, for the quarter ended January 30, 2022.

Worldwide net sales and revenues increased 32 percent, to $12.652 billion, in the most recent quarter. Net sales were $11.402 billion for the quarter, compared with $8.531 billion in 2022.

Highlights

• Strong execution contributes to 34% net sales gain and higher earnings.
• Market environment supported by positive fundamentals and healthy demand for farm and construction equipment.
• Full-year net income forecast increased to $8.75 billion to $9.25 billion.