Deere & Company (DE) Q4 2022 Earnings Call Transcript

Deere & Company (NYSE:DE) Q4 2022 Earnings Conference Call November 23, 2022 10:00 AM ET

Company Participants

Brent Norwood - Director of Investor Relations

Rachel Bach - Manager of Investor Communications

John May - Chairman and Chief Executive Officer

Josh Jepsen - Chief Financial Officer

Conference Call Participants

Tim Thein - Citigroup

Seth Weber - Wells Fargo Securities

Jamie Cook - Credit Suisse

Stephen Volkmann - Jefferies

Stanley Elliott - Stifel

Tami Zakaria - JPMorgan

Matt Elkott - Cowen & Company

Jerry Revich - Goldman Sachs

Nicole DeBlase - Deutsche Bank

Mircea Dobre - Robert W. Baird

Larry De Maria - William Blair

John Joyner - BMO Capital Markets

David Raso - Evercore ISI

Operator

Good morning, and welcome to Deere & Company's Fourth Quarter Earnings Conference Call. Your lines have been placed on a listen-only mode until the question-and-answer session of today’s conference.

I would now like to turn the call over to Mr. Brent Norwood, Director of Investor Relations. Thank you. You may begin.

Brent Norwood

Hello. Also on the call today are John May, Chairman and Chief Executive Officer; Josh Jepsen, Chief Financial Officer; and Rachel Bach, Manager of Investor Communications.

Today, we'll take a closer look at Deere's fourth quarter earnings, then spend some time talking about our markets and our current outlook for fiscal year 2023. After that, we'll respond to your questions.

Please note that slides are available to complement the call this morning. They can be accessed on our website at johndeere.com/earnings. First, a reminder, this call is being broadcast live on the Internet and recorded for future transmission and use by Deere & Company. Any other use, recording or transmission of any portion of this copyrighted broadcast without the express written consent of Deere is strictly prohibited. Participants in the call, including the Q&A session, agree that their likeness and remarks in all media may be stored and used as part of the earnings call.

This call includes forward-looking comments concerning the company's plans and projections for the future that are subject to important risks and uncertainties. Additional information concerning factors that could cause actual results to differ materially is contained in the company's most recent Form 8-K and periodic reports filed with the Securities and Exchange Commission. This call also may include financial measures that are not in conformance with accounting principles generally accepted in the United States of America, GAAP. Additional information concerning these measures, including reconciliations to comparable GAAP measures, is included in the release and posted on our website at johndeere.com/earnings under Quarterly Earnings & Events.