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5		-= Paragraph 1 =
	5	+Summary
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	7	+Deere & Company manufacture and distribute equipment used in agriculture, construction, forestry, and turf care.
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9		-== Sub-paragraph ==
	9	+The company generates net sales from the sale of equipment to John Deere dealers and distributors.
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	11	+In 2022, the company acquired AgriSync and Kreisel Electric Inc.
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	15	+[[image:DE0.jpg||height="317" width="718"]]
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	18	+Deere & Company (NYSE: DE, LSE: 0R2P) manufacture and distribute equipment used in agriculture, construction, forestry, and turf care.
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	21	+= Recent Acquisitions =
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26		-== Sub-paragraph ==
	23	+In March 2022, the company acquired full ownership of three former Deere-Hitachi joint venture factories and began new license and supply agreements with Hitachi Construction Machinery Co., Ltd.In February 2022, the company acquired majority ownership in Kreisel Electric Inc. In 2022, the company acquired AgriSync Inc. a technology service provider.
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30		-== Sub-paragraph ==
	26	+(% style="width:745px" %)
	27	+|(% style="width:103px" %)**Date**|(% style="width:247px" %)**Company**|(% style="width:172px" %)**Amount**|(% style="width:220px" %)**Location**
	28	+|(% style="width:103px" %)2022|(% style="width:247px" %)Light|(% style="width:172px" %) |(% style="width:220px" %)Palo Alto, United States
	29	+|(% style="width:103px" %)2021|(% style="width:247px" %)Kreisel Electric|(% style="width:172px" %)$ 276M|(% style="width:220px" %)Freistadt, Austria
	30	+|(% style="width:103px" %)2021|(% style="width:247px" %)AgriSync|(% style="width:172px" %)$ 134M|(% style="width:220px" %)Urbandale, United States
	31	+|(% style="width:103px" %)2017|(% style="width:247px" %)Bear Flag Robotics|(% style="width:172px" %)$ 250M|(% style="width:220px" %)Sunnyvale
	32	+|(% style="width:103px" %)2011|(% style="width:247px" %)Blue River Technology|(% style="width:172px" %)$ 305M|(% style="width:220px" %)San Francisco
	33	+|(% style="width:103px" %)1999|(% style="width:247px" %)Unimil|(% style="width:172px" %) |(% style="width:220px" %)Aracatuba
	34	+|(% style="width:103px" %)1996|(% style="width:247px" %)Lesco|(% style="width:172px" %)$ 135M|(% style="width:220px" %)Roswell
	35	+|(% style="width:103px" %)1965|(% style="width:247px" %)Orthman|(% style="width:172px" %) |(% style="width:220px" %)Lexington
	36	+|(% style="width:103px" %)1961|(% style="width:247px" %)WIRTGEN GROUP|(% style="width:172px" %)$ 5.20B|(% style="width:220px" %)Windhagen
	37	+|(% style="width:103px" %)1948|(% style="width:247px" %)Hagie|(% style="width:172px" %) |(% style="width:220px" %)Clarion
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32		-Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
	39	+
	40	+
	41	+[[image:DE1.jpg]]
	42	+
	43	+
	44	+= Financial Highlights =
	45	+
	46	+February 17, 2023; — Deere & Company reported net income of $1.959 billion for the first quarter ended January 29, 2023, or $6.55 per share, compared with net income of $903 million, or $2.92 per share, for the quarter ended January 30, 2022.{{footnote}}https://s22.q4cdn.com/253594569/files/doc_financials/2023/q1/DE-1Q23-News-Release-and-Financials.pdf{{/footnote}}
	47	+
	48	+
	49	+Worldwide net sales and revenues increased 32 percent, to $12.652 billion, in the most recent quarter. Net sales were $11.402 billion for the quarter, compared with $8.531 billion in 2022.
	50	+
	51	+
	52	+Net income attributable to Deere & Company for fiscal 2023 is forecast to be in a range of $8.75 billion to $9.25 billion.
	53	+
	54	+
	55	+For fiscal-year ended October 30, 2022, net income attributable to Deere & Company was $7.131 billion, or $23.28 per share, compared with $5.963 billion, or $18.99 per share, in fiscal 2021. Worldwide net sales and revenues rose 19 percent, to $52.577 billion, for the full year. Equipment operations net sales were $47.917 billion for the year.
	56	+
	57	+
	58	+
	59	+[[image:DE2.jpg]]
	60	+
	61	+
	62	+= Company Overview =
	63	+
	64	+The company generates net sales from the sale of equipment to John Deere dealers and distributors. The company manufactures and distributes a full line of agricultural equipment; a variety of commercial and consumer equipment; and a broad range of equipment for construction, roadbuilding, and forestry.{{footnote}}https://fintel.io/doc/sec-deere-co-315189-10k-2022-december-15-19341-6758{{/footnote}}
	65	+
	66	+
	67	+== Business Segments ==
	68	+
	69	+Deere & Company’s operations are categorized into four business segments.
	70	+
	71	+
	72	+=== Production and Precision Agriculture ===
	73	+
	74	+The production and precision agriculture segment defines, develops, and delivers global equipment and technology solutions to unlock customer value for production-scale growers of large grains, small grains, cotton, and sugarcane. The segment’s main products include large and certain mid-size tractors, combines, cotton pickers, sugarcane harvesters and loaders, and soil preparation, seeding, application, and crop care equipment.
	75	+
	76	+
	77	+In addition to the John Deere brand, the production and precision agriculture segment manufactures and sells sprayers under the Hagie and Mazzotti brand names, planters and cultivators under the Monosem brand name, sprayers and planters under the PLA brand name, and carbon fiber sprayer booms under the King Agro brand name. The segment also sells sugarcane harvester aftermarket parts under the Unimil brand name. Aftermarket parts for production and precision agriculture products are also sold under the Vapormatic and A&I brand names. John Deere manufactures its production and precision agriculture equipment for sale primarily through independent retail dealer networks.
	78	+
	79	+
	80	+=== Small Agriculture and Turf ===
	81	+
	82	+The small agriculture and turf segment defines, develops, and delivers global equipment and technology solutions to unlock customer value for dairy and livestock producers, high-value crop producers, and turf and utility customers. The segment’s primary products include certain mid-size and small tractors, as well as hay and forage equipment, riding and commercial lawn equipment, golf course equipment, and utility vehicles.
	83	+
	84	+
	85	+In addition to the John Deere brand, the small agriculture and turf segment purchases and sells a variety of equipment attachments under the Frontier, Kemper, and GreenSystem brand names. Aftermarket parts for small agriculture and turf products are sold under the Vapormatic, A&I, and Sunbelt brand names. John Deere’s small agriculture and turf equipment is sold primarily through independent retail dealer networks, although the segment also builds turf products for sale by mass retailers, including The Home Depot and Lowe’s
	86	+
	87	+
	88	+=== Construction and Forestry ===
	89	+
	90	+The construction and forestry segment defines, develops, and delivers a broad range of machines and technology solutions to unlock customer value on job sites, including earthmoving, forestry, and roadbuilding production systems. The segment’s primary products include crawler dozers and loaders, four-wheel-drive loaders, excavators, skid-steer loaders, milling machines, and log harvesters.
	91	+
	92	+
	93	+The construction and forestry segment’s products are distributed under the John Deere brand name, except for the Wirtgen Group products, which are manufactured and distributed under six brand names: Wirtgen, Vögele, Hamm, Kleemann, Benninghoven, and Ciber. Forestry attachments are distributed under the John Deere and Waratah brand names. In addition to the equipment manufactured by the construction and forestry segment, John Deere purchases certain products from other manufacturers for resale.
	94	+
	95	+
	96	+John Deere owns retail forestry sales operations in Australia, Brazil, Finland, Ireland, New Zealand, Norway, Sweden, and the United Kingdom. In addition, in many markets worldwide (most significantly in Europe, India, and Australia), the Wirtgen Group sells its products primarily through Company-owned sales and service subsidiaries.
	97	+
	98	+
	99	+=== Marketing ===
	100	+
	101	+The products and services produced by the segments above are marketed primarily through independent retail dealer networks and major retail outlets and, as it relates to roadbuilding products in certain markets outside the U.S. and Canada, primarily through Company-owned sales and service subsidiaries.
	102	+
	103	+
	104	+In U.S. and Canadian John Deere markets products to approximately 2,007 independent dealer locations. Of these, approximately 1,552 sell agricultural equipment, while approximately 455 sell construction, earthmoving, material handling, roadbuilding, and/or forestry equipment. In addition, roadbuilding equipment is sold at approximately 114 roadbuilding-only locations that may carry products that compete with John Deere’s construction, earthmoving, material handling, and/or forestry equipment. Turf equipment is sold at most John Deere agricultural equipment locations, a few construction, earthmoving, material handling, roadbuilding, and/or forestry equipment locations, and about 321 turf-only locations, many of which also sell dissimilar lines of nonJohn Deere products. In addition, certain lawn and garden product lines are sold through The Home Depot and Lowe’s.
	105	+
	106	+
	107	+Outside the U.S. and Canada, John Deere agriculture and turf equipment is sold to distributors and dealers for resale in over 100 countries. Sales and administrative offices are located in Argentina, Australia, Brazil, China, France, Germany, India, Italy, Mexico, Poland, Russia, Singapore, South Africa, Spain, Ukraine, and the United Kingdom. Turf equipment sales outside the U.S. and Canada occur primarily in Western Europe and Australia. Construction, earthmoving, material handling, and forestry equipment is sold to distributors and dealers primarily by sales offices located in Australia, Brazil, Finland, New Zealand, Russia, Singapore, and the United Kingdom. Some of these dealers are independently owned while John Deere owns others. Roadbuilding equipment is sold both directly to retail customers as well as to independent distributors and dealers for resale.
	108	+
	109	+
	110	+=== Financial Services ===
	111	+
	112	+The financial services segment primarily finances sales and leases by John Deere dealers of new and used production and precision agriculture, small agriculture and turf, and construction and forestry equipment. In addition, the financial services segment provides wholesale financing to dealers of the foregoing equipment, finances retail revolving charge accounts, and offers extended equipment warranties.
	113	+
	114	+
	115	+
	116	+[[image:DE3.jpg]]
	117	+
	118	+
	119	+== Manufacturing ==
	120	+
	121	+In the U.S. and Canada, the equipment operations own and operate 22 factory locations and lease and operate another two locations. Of these 24 factories, nine are devoted primarily to production and precision agriculture equipment, five to small agriculture and turf equipment, four to construction and forestry equipment, one to engines, two to component remanufacturing, two to hydraulic and power train components, and one to electronic components. Outside the U.S. and Canada, the equipment operations own or lease and operate 47 factories, including: agriculture and turf equipment factories in Argentina, Brazil, China, France, Germany, India, Israel, Italy, Mexico, the Netherlands, Russia, and Spain; earthmoving equipment factories in Brazil and China; engine, engine/power train, battery, hydraulic, or electronic component factories in Argentina, Austria, China, France, India, and Mexico; roadbuilding equipment factories in Brazil, China, Germany, and India; and forestry equipment factories in Canada, Finland, and New Zealand. The engine factories referred to above manufacture non-road, heavy duty diesel engines.
	122	+
	123	+
	124	+== Brands ==
	125	+
	126	+Deere & Company offers a portfolio of more than 25 brands. Its major brands are{{footnote}}https://www.deere.com/en/our-company/{{/footnote}}
	127	+
	128	+* Wirtgen
	129	+* Hagie
	130	+* PLA
	131	+* Mazzotti
	132	+* Monosem
	133	+* A&I Products
	134	+* Blue River Technology
	135	+* Harvest Profit
	136	+* Bear Flag Robotics
	137	+* Kreisel Electric
	138	+
	139	+
	140	+
	141	+[[image:DE4.jpg]]
	142	+
	143	+
	144	+= Company History =
	145	+
	146	+The company operating since 1837{{footnote}}https://www.deere.com/en/our-company/history/{{/footnote}}
	147	+
	148	+
	149	+
	150	+(% style="width:1151px" %)
	151	+|**Year**|(% style="width:1091px" %)**Milestone**
	152	+|1837|(% style="width:1091px" %)Blacksmith John Deere creates an ingenious steel plow. The innovation becomes a commercial success.
	153	+|1918|(% style="width:1091px" %)John Deere enters the tractor business with two models, the Waterloo Boy and the John Deere Tractor.
	154	+|1931|(% style="width:1091px" %)To support customers during the Great Depression, Deere takes on farmer notes and extends payment terms, strengthening loyalty for generations to come.
	155	+|1935|(% style="width:1091px" %)Deere introduces its first tractor built exclusively for industrial use, the Model “DI”.
	156	+|1960|(% style="width:1091px" %)After redesigning 95% of the entire product line, Deere ushers in its “New Generation of Power” and revolutionizes farming once again.
	157	+|1992|(% style="width:1091px" %)The Gator™ Utility Vehicle debuts, reaching a variety of customers with versatility in a class of its own.
	158	+|1996|(% style="width:1091px" %)Deere introduces its first fully integrated yield-mapping package, the GreenStar™ system, for all Maximizer™ 9000 Series Combines.
	159	+|2009|(% style="width:1091px" %)The first cotton picker that builds round cotton modules on the go, allowing nonstop harvesting, is another Deere innovation that changes the industry.
	160	+|2017|(% style="width:1091px" %)Deere acquires the Wirtgen Group, the largest maker of roadbuilding equipment in the world, advancing the company as a single-source supplier to the construction industry.
	161	+|2022|(% style="width:1091px" %)(((
	162	+John Deere acquired majority ownership in Kreisel Electric
	163	+
	164	+The company acquired AgriSync Inc. a technology service provider
	165	+)))
	166	+
	167	+
	168	+= References =
	169	+
	170	+{{putFootnotes/}}