Welcome to our dedicated page for Deere & Co news (Ticker: DE), a resource for investors and traders seeking the latest updates and insights on Deere & Co stock.
Deere & Company (NYSE: DE) is a major manufacturer of agricultural, construction, and forestry equipment, and its news flow reflects developments across these markets as well as its financial services activities. Company announcements highlight how John Deere supports essential work in producing food, fiber, fuel, and infrastructure, and how it applies advanced technologies and digital tools to its equipment portfolio.
On this page, readers can follow DE news related to quarterly and annual financial results, dividend declarations, and capital markets activity. Recent releases include detailed earnings reports for fiscal quarters, where Deere discusses net sales and revenues by segment, operating profit trends, and segment outlooks for Production & Precision Agriculture, Small Agriculture & Turf, Construction & Forestry, and Financial Services. The company also issues updates when its board declares quarterly dividends on Deere & Company common stock.
Corporate governance and leadership updates form another important category of news. Examples include announcements of new directors joining the board, changes in lead director roles, and the appointment of senior leaders to head key divisions such as Production & Precision Agriculture, Small Agriculture & Turf, and lifecycle solutions and customer success. These items provide context on how Deere aligns its leadership with its Smart Industrial Operating Model and technology-focused strategy.
Product and technology news is also featured, such as the launch of Operations Center™ PRO Service, a digital tool that expands self-repair capabilities and diagnostic support for John Deere equipment. In addition, Deere shares information on investor events, including investor day webcasts and earnings calls, and on community and foundation initiatives, such as support for the National FFA Organization. Investors, analysts, and industry observers can use this news feed to monitor how Deere navigates market conditions, advances its technology agenda, and manages its capital and governance decisions.
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The Board of Directors of Deere & Company (NYSE: DE) has announced a quarterly dividend of $1.25 per share. This dividend is set to be paid on May 8, 2023, to shareholders on record as of March 31, 2023. The new dividend rate reflects an increase of 5 cents per share compared to previous dividends, demonstrating the company's commitment to returning value to its shareholders.
Deere & Company reported a remarkable 34% net sales gain and strong earnings in Q1 2023, with net income reaching $1.959 billion or $6.55 per share, compared to $903 million or $2.92 per share in Q1 2022. Worldwide net sales increased 32% to $12.652 billion. The company raised its full-year net income forecast to $8.75 billion - $9.25 billion. Notably, Production & Precision Agriculture segment saw a 55% increase in sales. However, Financial Services net income dropped by 20% due to unfavorable financing spreads. The outlook for fiscal 2023 remains optimistic amid healthy demand for equipment.
Deere & Company (NYSE: DE) will host its Q1 2023 earnings call on February 17, 2023, at 9:00 a.m. CT. The call aims to provide insights into the company's financial and operational performance to analysts and investors. All interested parties can access the earnings call through www.JohnDeere.com/earnings, where a recorded version will be made available afterward. As a leader in advanced agricultural and construction products, Deere continues to cater to a growing global demand for resources.
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John Deere unveiled innovative technologies during CES 2023, including ExactShot and an electric excavator. ExactShot enables farmers to reduce starter fertilizer usage by over 60%, improving cost-efficiency and environmental sustainability. This technology could save more than 93 million gallons of fertilizer annually. The electric excavator, powered by Kreisel batteries, promises lower operational costs, reduced noise, and zero emissions while enhancing reliability. These advancements aim to support farmers' productivity and meet the increasing global demand for food as the population grows.