secwatch.observer — SEC 8-K summary
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Issuer:     DEERE JOHN CAPITAL CORP (—)
CIK:        0000027673
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001558370-24-008342
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

John Deere Capital Corp Q2 net income dips 3% to $126M; revenue up 29% to $1.2B
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- Q2 FY2024 net income $126M vs $130M (-3% YoY); YTD net income $301M vs $268M (+12%).
- Q2 revenue $1,199M (+29%); YTD revenue $2,360M (+34%); ending portfolio $59.2B (+15%).
- Higher provision for credit losses and less-favorable spreads weighed on Q2 net income, partly offset by higher average portfolio balances.
- YTD net income improved on higher average portfolio balances and lower dealer financing incentives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27673/000155837024008342/0001558370-24-008342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27673/000155837024008342/jdcc-20240516x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-008342

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