secwatch.observer — SEC 8-K summary
======================================

Issuer:     DEERE & CO (DE)
CIK:        0000315189
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001558370-24-001189
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315189/000155837024001189/0001558370-24-001189-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315189/000155837024001189/de-20240215x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-001189

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer