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TheStreet Open House

Deere & Company's Management Discusses F1Q2012 Results - Earnings Call Transcript

Deere & Company ( DE)

F1Q12 Earnings Call

February 15, 2012 10:00 am ET

Executives

Tony Huegel - Director, IR

Susan Karlix - Manager, Investor Communications

Jim Field - SVP & CFO

Marie Ziegler - VP & Treasurer

Analysts

Andrew Obin - Bank of America - Merrill Lynch

Andy Kaplowitz - Barclays Capital

Jamie Cook - Credit Suisse

Henry Kirn - UBS

Rob Wertheimer - Vertical Research Partners

Andy Casey - Wells Fargo Securities

Steve Volkmann - Jefferies & Co

Robert McCarthy - Robert W. Baird

Jerry Revich - Goldman Sachs

Joel Tiss - Buckingham Research

Ashish Gupta - Credit Agricole Securities

Seth Weber - RBC

David Raso - ISI Group

Ann Duignan - JPMorgan

Presentation

Operator

Good morning and welcome to Deere’s first quarter earnings conference call. Your lines have been placed on listen only until the question-and-answer session of today’s conference. I would now like to turn the call over to Mr. Tony Huegel, Director of Investor Relations. Thank you sir, you may begin.

Tony Huegel

Also on the call today are Jim Field, our Chief Financial Officer; Marie Ziegler, Vice President and Treasurer; and Susan Karlix, our Manager of Investor Communications. Today we’ll take a closer look at Deere’s first quarter earnings, then spend some time talking about our markets and the outlook for the remainder of 2012. After that we’ll respond to your questions.

Please note that the slides are available to complement the call this morning. They can be accessed on our website at www.johndeere.com. First a reminder, this call is being broadcast live on the Internet and recorded for future transmission and use by Deere and Thompson Reuters. 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.

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