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News Release Contact : Jen Hartmann Director , Public Relations HartmannJenniferA@JohnDeere.com JOHN DEERE Deere Reports Third Quarter Net Income of $ 1.667 Billion Equipment - division operating margin of 19 % demonstrates strong execution in face of supply chain challenges . Full - year earnings forecast raised to range of $ 5.7 to $ 5.9 billion , reflecting robust market conditions . Strategic investments reinforce focus on delivering customer value . ● MOLINE , Illinois ( August 20 , 2021 ) — Deere & Company reported net income of $ 1.667 billion for the third quarter ended August 1 , 2021 , or $ 5.32 per share , compared with net income of $ 811 million , or $ 2.57 per share , for the quarter ended August 2 , 2020. For the first nine months of the 2021 fiscal year , net income attributable to Deere & Company was $ 4.680 billion , or $ 14.86 per share , compared with $ 1.993 billion , or $ 6.30 per share , for the same period last year . Worldwide net sales and revenues increased 29 percent , to $ 11.527 billion , for the third quarter of 2021 and rose 27 percent , to $ 32.697 billion , for nine months . Net sales of the equipment operations were $ 10.413 billion for the quarter and $ 29.461 billion for nine months , compared with $ 7.859 billion and $ 22.612 billion for the same periods last year , respectively . " Our strong results , driven by essentially all product categories , are a testament to the exceptional efforts of our employees and dealers to keep our factories running and customers served while enduring significant supply - chain pressures , " said John C. May , chairman and chief executive officer . " We also made strategic investments in the quarter aligned with our smart industrial strategy . They will further our efforts to help our customers achieve improved profitability , productivity , and sustainability through the effective use of technology . " Company Outlook & Summary Net income attributable to Deere & Company for fiscal 2021 is forecasted to be in a range of $ 5.7 billion to $ 5.9 billion . " Looking ahead , we expect demand for farm and construction equipment to continue benefiting from favorable fundamentals , " May said . " We are , at the same time , excited by the growing engagement with our digital platform , the John Deere Operations Center , as well as continued adoption of precision technologies , which unlock greater value for our customers . "