earnings
confidence high
sentiment negative
materiality 0.80
Deere Q3 net income $1.734B ($6.29 EPS) down 42% YoY; revenue falls 17%
DEERE & CO
2024-Q3 EPS reported
$21.04
revenue$40,572,000,000
- Net income $1.734B, diluted EPS $6.29 vs $10.20 last year; revenue $13.152B, down 17%.
- Production & Precision Ag sales $5.099B (-25%), operating profit $1.162B (-35%).
- Construction & Forestry sales $3.235B (-13%), operating profit $448M (-37%).
- Full-year fiscal 2024 net income forecast unchanged at ~$7.0B.
- Industry outlook: US/Canada large ag down ~15%, construction equipment down 5-10%.