“Deere’s strong performance for both the fourth quarter and full year is a tribute to our dedicated team of employees, dealers, and suppliers throughout the world,” said John C. May, chairman and chief executive officer.

Revenues for the year ended August 31, 2022 were $770.7 million, an increase of $203.1 million, or 36%, compared to revenues of $567.6 million in the prior year.

Sales are expected to grow as the Company is able to resolve supply chain issues.