Deere & Company (DE) Management on Q2 2022 Results - Earnings Call Transcript

Deere & Company (NYSE:DE) Q2 2022 Earnings Conference Call May 20, 2022 10:00 AM ET

Company Participants

Brent Norwood - Head of IR

Kanlaya Barr - Director of Corporate Economics

Ryan Campbell - Chief Financial Officer

Josh Jepsen - Deputy Financial Officer

Conference Call Participants

Jamie Cook - Credit Suisse

Kristen Owen - Oppenheimer

Stephen Volkmann - Jefferies

Tami Zakaria - JPMorgan

John Joyner - BMO

Tim Thein - Citigroup

Jerry Revich - Goldman Sachs

David Raso - Evercore ISI

Michael Feniger - Bank of America

Steven Fisher - UBS

Larry De Maria - William Blair

Chad Dillard - Bernstein

Seth Weber - Wells Fargo Securities

Operator

Good morning, and welcome to Deere & Company's Second Quarter Earnings Conference Call. Your lines have been placed listen-only until the question and answer session at 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 Ryan Campbell, Chief Financial Officer; Josh Jepsen, Deputy Financial Officer; Kanlaya Barr, Director of Corporate Economics; and [Rachel Bach], Manager of Investor Communications. Today, we'll take a closer look at Deere's second quarter earnings, then spend some time talking about our markets and our current outlook for the 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. 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 and Events.