---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-001189"
form_type: "8-K"
ticker: "DE"
cik: "0000315189"
company_name: "DEERE & CO"
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T01:38:02.380118+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Deere Q1 net income falls 11% to $1.75B; guides FY2024 to $7.50-7.75B

## Summary
- Net income of $1.751B ($6.23 EPS) vs $1.959B ($6.55 EPS) YoY; revenue $12.185B (-4%).
- Full-year FY2024 net income forecast $7.50-$7.75B, down from FY2023; fleet replenishment moderating.
- Production & Precision Ag sales $4.849B (-7% YoY); Small Ag & Turf sales $2.425B (-19% YoY).
- Construction & Forestry sales flat at $3.212B; operating profit $566M (-9% YoY).
- Industry outlook: Large Ag (US/Canada) down 10-15%; Small Ag down 5-10%; Europe down 10-15%.

## SEC filing metadata
- accession: 0001558370-24-001189
- form_type: 8-K
- ticker: DE
- cik: 0000315189
- company_name: DEERE & CO
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/315189/000155837024001189/0001558370-24-001189-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/315189/000155837024001189/de-20240215x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-001189
- JSON: https://secwatch.observer/filing/0001558370-24-001189.json
- Plain text: https://secwatch.observer/filing/0001558370-24-001189.txt

## Key facts
- Earnings Releases
  DEERE & CO reported first quarter ended January 28, 2024 results: net income $1.751 billion, EPS $6.23 per share. Guidance reaffirmed.
  - Period: first quarter ended January 28, 2024
  - Net income: $1.751 billion
  - EPS: $6.23 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Deere & Company reported net income of $1.751 billion for the first quarter ended January 28, 2024, or $6.23 per share, compared with net income of $1.959 billion, or $6.55 per share, for the quarter ended January 29, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/315189/000155837024001189/0001558370-24-001189-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.