Deere & Company (DE) Q3 2022 Results - Earnings Call Transcript

Deere & Company (NYSE:DE) Q3 2022 Results Conference Call August 19, 2022 10:00 AM ET

Company Participants

Brent Norwood - Director, IR

Cory Reed - President, Worldwide Production and Precision Ag

Raj Kalathur - CFO and President, John Deere Financial

Josh Jepsen - Deputy Financial Officer

Rachel Bach - Manager, Investor Communications

Conference Call Participants

Tim Thein - Citigroup

Tami Zakaria - JPMorgan

Kristen Owen - Oppenheimer

Jamie Cook - Credit Suisse

Dillon Cumming - Morgan Stanley

Seth Weber - Wells Fargo Securities

Rob Wertheimer - Melius Research

Jerry Revich - Goldman Sachs

David Raso - Evercore ISI

Steven Fisher - UBS

Stephen Volkmann - Jefferies

Chad Dillard - Bernstein

Michael Feniger - Bank of America

John Joyner - BMO

Operator

Good morning, and welcome to Deere & Company Third 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 Cory Reed, President of Worldwide Production & Precision Ag; Raj Kalathur, Chief Financial Officer and President of John Deere Financial; Josh Jepsen, Deputy Financial Officer; and Rachel Bach, Manager of Investor Communications.

Today, we’ll take a closer look at Deere’s third quarter earnings, then spend some time talking about our markets and our current outlook for fiscal year 2022. 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 expressed 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.