earnings
confidence high
sentiment negative
materiality 0.85
Deere Q1 net income falls 50% to $869M; EPS $3.19; reaffirms FY2025 outlook
DEERE & CO
2025-Q1 EPS reported
$3.19
revenue$8,508,000,000
- Net sales and revenues $8.51B, down 30% YoY; net sales $6.81B vs $10.49B.
- Production & Precision Ag sales down 37%, operating profit down 68%.
- Construction & Forestry operating profit down 89% to $65M; sales down 38%.
- Fiscal 2025 net income forecast unchanged at $5.0B-$5.5B.
- Industry outlook: US large ag down ~30%, construction equipment down ~10%.