Summary
Deere & Company (DE) announced on December 5, 2005, its intention to release a monthly commentary on its retail sales for November 2005. This disclosure, made under Regulation FD, signals a new approach to providing timely information to investors regarding sales performance across its key segments: farm machinery, construction equipment, and commercial and consumer equipment. The company stated that the sales commentary would be made available via a recorded telephone message and on its corporate website, www.JohnDeere.com, shortly after the Association of Equipment Manufacturers (AEM) releases its monthly industry sales data, typically around the tenth of each month. This initiative provides investors with a more frequent and direct insight into Deere's operational performance and market reception, complementing its regular financial reporting.
Key Highlights
- 1Deere & Company will begin releasing monthly commentary on its retail sales.
- 2The first monthly sales commentary will cover November 2005 retail sales.
- 3The commentary will include information on farm machinery, construction equipment, and commercial/consumer equipment sales.
- 4This information will be accessible via a recorded telephone message and the company's website.
- 5The release will coincide with the Association of Equipment Manufacturers (AEM) monthly industry sales announcement, expected around the 10th of each month.
- 6This initiative is a form of Regulation FD disclosure, ensuring timely and broad dissemination of material information.