secwatch.observer — SEC 8-K summary
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Issuer:     DEERE & CO (DE)
CIK:        0000315189
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0001558370-24-015876
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315189/000155837024015876/0001558370-24-015876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315189/000155837024015876/de-20241121x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-015876

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