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Deere & Company's CEO Discusses F2Q 2012 Results - Earnings Call Transcript

Deere & Company (DE)

F2Q 2012 Earnings Call

May 16, 2012 10:00 am ET

Executives

James M. Field – Chief Financial Officer & Senior Vice President

Marie Ziegler – Vice President & Treasurer

Susan Karlix – Manager of Investor Relations

Tony Huegel – Director of Investor Relations

Analysts

Andrew Obin – Bank of America Merrill Lynch

Andy Kaplowitz – Barclays Capital

Joel Tiss – Buckingham Research

Ashish Gupta – Credit Agricole Securities

Analyst for Jamie Cook – Credit Suisse

Jerry Revich – Goldman Sachs

David Raso – ISI Group

Ann Duignan – JPMorgan

Eli Lustgarten – Longbow Securities

Vance Edelson – Morgan Stanley

Seth Weber – RBC Capital Markets

Henry Kirn – UBS

Rob Wertheimer – Vertical Research Partners

Andy Casey – Wells Fargo Securities

Lawrence DeMaria – William Blair



Presentation



Operator

Good morning and welcome to Deere’s Second Quarter Earnings Conference Call. (Operator instructions) I would now like to turn the call over to Mr. Tony Huegel, Director of Investor Relations. Thank you. You may begin.

Tony Huegel

Good morning. Also on the call today are Jim Field, our Chief Financial Officer; Marie Ziegler, Vice President and Treasurer; and Susan Karlix, Manager, Investor Communications. Today we’ll take a closer look at Deere’s second 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 slides are available to complement the call this morning. They can be accessed on our Web site 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.

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