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Deere & Company's Management Discusses F3Q12 Results - Earnings Call Transcript

Deere & Company (DE)

Q3 2012 Earnings Call

August 15, 2012, 10:00 am ET


Tony Huegel - Director, IR

Jim Field - SVP & CFO

Marie Ziegler - VP & Treasurer

Susan Karlix - Manager, Investor Communications

J.B. Penn - Chief Economist


Jerry Revich - Goldman Sachs

Ashish Gupta - CLSA

Ann Duignan - JPMorgan

Andrew Casey - Wells Fargo Securities

Stephen Volkmann - Jefferies

David Raso - ISI Group

Eli Lustgarten - Longbow Securities

Vance Edelson - Morgan Stanley

Jamie Cook - Credit Suisse

Henry Kirn - UBS



Good morning and welcome to Deere’s Third 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. You may begin.

Tony Huegel

Thank you. Hello, also on the call today are Jim Field, Raj Kalathur, Marie Ziegler, Susan Karlix and J.B. Penn, our Chief Economist. Today, we’ll take a closer look at Deere’s third quarter earnings. Then spend some time talking about our markets, the outlook for the fourth quarter and the current drought conditions. 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

First, a reminder. This call is being broadcast live on the Internet and recorded for future transmission and use by Deere and Thomson 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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