---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-015876"
form_type: "8-K"
ticker: "DE"
cik: "0000315189"
company_name: "DEERE & CO"
filed_at: "2024-11-21T23:59:59+00:00"
generated_at: "2026-05-29T21:22:57.458037+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Deere Q4 net income falls 47% to $1.245B; FY2025 guidance $5.0-5.5B, below FY2024

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-015876
- form_type: 8-K
- ticker: DE
- cik: 0000315189
- company_name: DEERE & CO
- filed_at: 2024-11-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/315189/000155837024015876/0001558370-24-015876-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/315189/000155837024015876/de-20241121x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-015876
- JSON: https://secwatch.observer/filing/0001558370-24-015876.json
- Plain text: https://secwatch.observer/filing/0001558370-24-015876.txt

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