secwatch.observer — SEC 8-K summary
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Issuer:     DEERE & CO (DE)
CIK:        0000315189
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001558370-24-008339
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315189/000155837024008339/0001558370-24-008339-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315189/000155837024008339/de-20240516x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-008339

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