Deere & Co

Quantli Newsdesk

· 18 hours ago

Deere reported third-quarter net income of $1.38 billion (up 7% year-over-year) and raised the lower end of its full-year profit guidance to $4.75 billion from $4.5 billion. Revenue from its construction and forestry unit jumped 18%, helping offset a 6% decline in production and precision agriculture sales. Management sees 2026 as the bottom of the current ag equipment cycle.

Quantli Newsdesk

· 3 months ago

Deere delivered 5% sales growth in Q2, beating expectations despite a 14% decline in large agriculture equipment. Construction & Forestry sales surged 29%, while Small Ag & Turf rose 16%, offsetting ongoing pressure in row-crop markets. The company maintained its full-year profit forecast of $4.5–$5 billion.

10-K

Quantli Newsdesk

· 4 months ago

Deere's FY2025 risk disclosures reveal unfavorable market conditions led to lower sales volumes, elevated receivable write-offs, and greater reliance on sales incentives, with incremental tariff costs of approximately $600 million and expectations that certain headwinds will persist into FY2026.