bar1080
2 months ago
Deere Q Dividends
Mar 27, 2024 1.47 Dividend
Dec 28, 2023 1.47 Dividend
Sep 28, 2023 1.35 Dividend
Jun 29, 2023 1.25 Dividend
Mar 30, 2023 1.25 Dividend
Dec 29, 2022 1.20 Dividend
Sep 29, 2022 1.13 Dividend
Jun 29, 2022 1.13 Dividend
Mar 30, 2022 1.05 Dividend
Dec 30, 2021 1.05 Dividend
Sep 29, 2021 1.05 Dividend
Jun 29, 2021 0.90 Dividend
Mar 30, 2021 0.90 Dividend
Dec 30, 2020 0.76 Dividend
Sep 29, 2020 0.76 Dividend
DewDiligence
2 months ago
DE reports FY2Q24* results—reduces FY2024* guidance again:
https://s22.q4cdn.com/253594569/files/doc_financials/2024/q2/DE-2Q24-News-Release.pdf
• FY2023* was a peak-cycle year for DE, so FY2024 is a down year, although still the second-best earnings year in the company's history, based on current guidance.
• FY2Q24 product sales (excluding revenue from DE’s finance unit) were $13.6B, -16% YoY, but above the Wall Street consensus figure of $1326B.
• FY1Q24 GAAP EPS was $8.53, -12% YoY, but above the Wall Street consensus figure of $7.86.
• DE lowered guidance for FY2024 net income to $7.0B (from the prior range of $7.50-7.75B three months ago and $7.75-8.25B six months ago). Based on 278M diluted shares @4/30/24, DE’s FY2024 net-income guidance equates to FY2024 GAAP EPS of $25.18, -27% relative to the actual $34.63 in FY2023.
*DE’s fiscal years end on Oct 31; FY2Q24 spanned the period from 2/1/24 to 4/30/24.
bar1080
8 months ago
It's almost impossible to beat Cintas Corp, which has been spectacular for several decades. Prior to 2021 CTAS only paid one annual dividend each year, but always growing rapidly
Date Dividends
Aug 14, 2023 1.35 Dividend
May 12, 2023 1.15 Dividend
Feb 14, 2023 1.15 Dividend
Nov 14, 2022 1.15 Dividend
Aug 12, 2022 1.15 Dividend
May 13, 2022 0.95 Dividend
Feb 14, 2022 0.95 Dividend
Nov 12, 2021 0.95 Dividend
Aug 12, 2021 0.95 Dividend
May 13, 2021 0.75 Dividend
Feb 11, 2021 0.75 Dividend
bar1080
8 months ago
Deere Quarterly Dividends since 2020
Date Dividends
Sep 28, 2023 1.35 Dividend
Jun 29, 2023 1.25 Dividend
Mar 30, 2023 1.25 Dividend
Dec 29, 2022 1.20 Dividend
Sep 29, 2022 1.13 Dividend
Jun 29, 2022 1.13 Dividend
Mar 30, 2022 1.05 Dividend
Dec 30, 2021 1.05 Dividend
Sep 29, 2021 1.05 Dividend
Jun 29, 2021 0.90 Dividend
Mar 30, 2021 0.90 Dividend
Dec 30, 2020 0.76 Dividend
Sep 29, 2020 0.76 Dividend
DewDiligence
8 months ago
DE reports FY4Q23* results—issues (down) FY2024* guidance:
https://www.deere.com/assets/pdfs/common/news/deere-4q23-earnings-release.pdf
• FY4Q23 product sales (excluding revenue from DE’s finance unit) were $13.8B, -4% YoY.
• FY4Q23 GAAP EPS was $8.26, +11% YoY.
• DE issued new guidance for FY2024 net income of $7.75-8.25B. Based on 285M diluted shares @10/31/23, DE’s FY2024 net-income guidance equates to FY2024 GAAP EPS of $27.20-28.95, -16-21% YoY relative to $34.63 in FY2023, but +17-24% relative to $23.28 in FY2022.
The stock is down ~5% in PM trading, presumably on the FY2024 guidance. Most investors realized that FY2023 was likely going to be the top of the current ag and construction cycle, but the magnitude of the reduction in FY2024 net-income guidance relative to FY2023 is larger than many investors probably expected.
At the current share price (~$363 as I’m typing), the FY2024 EPS guidance equates to a FY2024 P/E ratio of about 13.
CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2023/q4/DE-4Q23-Earnings-Call-Presentation.pdf
*DE’s fiscal years end on Oct 31; FY4Q23 spanned the period from 8/1/23 to 10/31/23.
bar1080
11 months ago
Date Dividends
Jun 29, 2023 1.25 Dividend
Mar 30, 2023 1.25 Dividend
Dec 29, 2022 1.2 Dividend
Sep 29, 2022 1.13 Dividend
Jun 29, 2022 1.13 Dividend
Mar 30, 2022 1.05 Dividend
Dec 30, 2021 1.05 Dividend
Sep 29, 2021 1.05 Dividend
Jun 29, 2021 0.9 Dividend
Mar 30, 2021 0.9 Dividend
Dec 30, 2020 0.76 Dividend
Sep 29, 2020 0.76 Dividend
Jun 29, 2020 0.76 Dividend
Mar 30, 2020 0.76 Dividend
Dec 30, 2019 0.76 Dividend
Sep 27, 2019 0.76 Dividend
Jun 27, 2019 0.76 Dividend
Mar 28, 2019 0.76 Dividend
Dec 28, 2018 0.76 Dividend
Sep 27, 2018 0.69 Dividend
DewDiligence
11 months ago
DE reports FY3Q23* results— raises fiscal-year guidance again:
https://www.deere.com/assets/pdfs/common/news/deere-3q23-earnings-release.pdf
FY3Q23 was another excellent quarter in all operating segments. Price increases more than offset increased production costs, and DE expects this to be true during all of FY2023.
• FY3Q23 product sales (excluding revenue from DE’s finance unit) were $14.3B, +10% YoY.
• FY3Q23 GAAP EPS was $10.20, +66% YoY.
DE again raised FY2023 net-income guidance to a range of $9.75-10.0B (up from $9.25-9.50B three months ago and $8.75-9.25B six months ago).
Based on 292M diluted shares @7/31/23, DE’s FY2023 net-income guidance equates to FY2023 GAAP EPS of $33.40-34.25, +43-47% YoY relative to $23.28 in FY2022, and +76-80%(!) relative to $18.99 in FY2021.
At the current share price (~$400 as I’m typing), the FY2023 EPS guidance equates to a FY2023 P/E ratio of about 12.
The stock is down today because investors are apparently concluding that the global agricultural-equipment market cannot get any better.
CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2023/q3/DE-3Q23-Earnings-Call-Presentation.pdf
*DE’s fiscal years end on Oct 31; FY3Q23 spanned the period from 5/1/23 to 7/31/23.
bar1080
12 months ago
"Deere makes major announcement about future of lawn equipment: ‘[We want] to serve our evolving customers’"
"For millions of homeowners, mowing the law just got a whole lot greener now that lawncare giants John Deere and EGO are working together, Electrek reported.
EGO is a leading supplier of battery-powered lawn equipment that runs on interchangeable 56-volt lithium-ion batteries, which the company says are equal to or greater than the power of gas-powered motors.
Under the agreement, EGO’s over 70 battery-powered lawn care products will be available at John Deere dealers in Canada and the U.S. this fall, according to Electrek. The publication further reported that the companies are in talks to develop future equipment together.
Lawn care equipment is a major contributor to the pollution blanket overheating our planet. The Portland Press Herald reported that data from the Environmental Protection Agency (EPA) showed that gasoline-powered equipment like lawnmowers and leaf blowers produce around 242 million tons of pollutants annually, an amount equal to that of cars and houses."
"What’s more, the EPA estimated that upward of 17 million gallons of gasoline is spilled each year while refueling lawn equipment, polluting and degrading soil, and ending up in our water"
https://news.yahoo.com/john-deere-makes-major-announcement-110000162.html