earnings
confidence high
sentiment positive
materiality 0.85
Deere Q4 net income $2.369B ($8.26 EPS); FY23 net $10.166B; FY24 guidance $7.75-8.25B
DEERE & CO
2023-FY EPS reported
$34.63
revenue$61,251,000,000
- Q4 net income $2.369B ($8.26 diluted EPS) vs $2.246B ($7.44) year ago; revenue $15.412B, down 1%.
- FY23 net income $10.166B ($34.63 EPS) up 43% vs $7.131B ($23.28) prior year; revenue $61.251B, up 16%.
- FY24 net income forecast $7.75-8.25B; production & precision ag net sales expected down 15-20%.
- Production & precision ag Q4 operating profit $1.836B (26.4% margin); construction & forestry operating profit $516M (13.8%).
- Equipment segment outlook: US large ag down 10-15%; construction equipment down 5-10% in US/Canada.