“Deere’s strong performance for both the fourth quarter and full year is a tribute to our dedicated team of employees, dealers, and suppliers throughout the world,” said John C. May, chairman and chief executive officer.
Deere & Company reported net income of $1.884 billion for the third quarter ended July 31, 2022, compared with net income of $1.667 billion for the quarter ended August 1, 2021.
Deere & Co.'s worldwide net sales and revenues increased 16%, to $11.327 billion, for the fourth quarter of fiscal 2021 and rose 24%, to $44.024 billion, for the full year.
Net income attributable to Deere & Co. (DE) (NYSE: DE) was $285.3 million, or $0.90 per share, for the fourth quarter ended October 31, compared with $351.2 million, or $1.08 per share, for the same period of 2015. For fiscal 2016, net income attributable to Deere & Co. was $1.524 billion, or $4.81 per share, compared with $1.940 billion, or $5.77 per share, in 2015.
Sales from the Agriculture & Turf division fell 24% for the quarter and 25% for nine
months due largely to lower shipment volumes and the unfavorable effects of currency
translation.
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