earnings
confidence high
sentiment negative
materiality 0.85
Deere Q4 net income falls 47% to $1.245B; FY2025 guidance $5.0-5.5B, below FY2024
DEERE & CO
2024-FY EPS reported
$25.62
revenue$51,716,000,000
- Q4 EPS $4.55 vs $8.26 YoY; revenue down 28% to $11.143B. Full-year EPS $25.62 vs $34.63.
- Production & Precision Ag sales -38% (operating profit -64%); Small Ag & Turf -25% (-47%); Construction & Forestry -29% (-36%).
- FY2025 net income forecast $5.0-5.5B; sees Large Ag US/Canada down ~30%, Small Ag & Turf down ~10%.
- Financial Services Q4 net income $173M (-9%) on higher credit loss provision.
- CEO cites significant market challenges; structural improvements expected to support performance across cycle.