---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-008339"
form_type: "8-K"
ticker: "DE"
cik: "0000315189"
company_name: "DEERE & CO"
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T21:53:42.779075+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Deere Q2 net income $2.37B, EPS $8.53, down 17% YoY; FY2024 forecast cut to ~$7.0B

## Summary
- Net income $2.370B ($8.53 diluted EPS) vs $2.860B ($9.65) in prior-year quarter, down 17%.
- Worldwide revenue $15.235B, down 12% YoY; net sales $13.610B vs $16.079B.
- Production & Precision Ag op profit $1.650B (-24%); Small Ag & Turf $571M (-33%); Construction & Forestry $668M (-20%).
- Full-year net income forecast revised to approximately $7.0 billion.
- Segment outlook: Large ag in US/Canada down ~15%; South America down 15-20%; construction equipment flat to down 5%.

## SEC filing metadata
- accession: 0001558370-24-008339
- form_type: 8-K
- ticker: DE
- cik: 0000315189
- company_name: DEERE & CO
- filed_at: 2024-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/315189/000155837024008339/0001558370-24-008339-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/315189/000155837024008339/de-20240516x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-008339
- JSON: https://secwatch.observer/filing/0001558370-24-008339.json
- Plain text: https://secwatch.observer/filing/0001558370-24-008339.txt

## Source-grounded claims
- claim_id: 880cb1dd5a873857bab057cf510fa70dfbad0383
  claim: DEERE & CO reported fiscal year 2024 results: net income approximately $7.0 billion.
  evidence_excerpt: Net income attributable to Deere & Company for fiscal 2024 is forecasted to be approximately $7.0 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/315189/000155837024008339/0001558370-24-008339-index.htm
- claim_id: db20fac6375691bbbd2d8cb20ed24f96b7690fd0
  claim: DEERE & CO reported quarter ended April 30, 2023 (comparative) results: net income $2.860 billion, EPS $9.65 per share.
  evidence_excerpt: compared with net income of $2.860 billion, or $9.65 per share, for the quarter ended April 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/315189/000155837024008339/0001558370-24-008339-index.htm
- claim_id: f1fa257509f7c9399842f3a1aff5a1dd6fd082c1
  claim: DEERE & CO reported second quarter ended April 28, 2024 results: net income $2.370 billion, EPS $8.53 per share.
  evidence_excerpt: Deere & Company reported net income of $2.370 billion for the second quarter ended April 28, 2024, or $8.53 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/315189/000155837024008339/0001558370-24-008339-index.htm

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