Summary
Deere & Company (DE) filed an 8-K on March 18, 2011, to disclose the expected impact of the natural disaster events in Japan on its operations. The company anticipates delays in the delivery of excavators sold under both Deere and Hitachi brand names, as well as Hitachi-branded mining equipment. Deere is actively assessing the broader implications of the March 11th earthquake and tsunami on its Japanese supply base. While some suppliers are showing signs of recovery, the ongoing uncertain conditions in Japan make it challenging to provide a precise estimate of the full effects on the supply chain and Deere's overall business. Investors should monitor future filings for updated assessments of the financial impact resulting from these events.
Key Highlights
- 1Deere & Company (DE) disclosed potential disruptions due to natural disasters in Japan.
- 2Delays are expected in the delivery of excavators (Deere and Hitachi brands) and Hitachi-branded mining equipment.
- 3The company is assessing the impact on its Japanese supply base following the March 11th earthquake and tsunami.
- 4Some suppliers are recovering, but the full impact on the supply chain remains difficult to estimate.
- 5It is currently too early to determine the overall business impact on Deere.
- 6The disclosure was made under Regulation FD.