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Jan 28, 2024
Deere Q1 2024 Earnings Report
Deere's first quarter earnings were reported, revealing a decrease in net income and worldwide net sales and revenues compared to the same quarter last year, but the company's performance underscored the effectiveness of its Smart Industrial operating model.
Key Takeaways
Deere & Company reported a net income of $1.751 billion for the first quarter ended January 28, 2024, a decrease from $1.959 billion in the same quarter last year. Worldwide net sales and revenues also decreased by 4 percent to $12.185 billion. The company forecasts full-year net income to be between $7.50 billion and $7.75 billion.
Net income for the first quarter was $1.751 billion, or $6.23 per share.
Worldwide net sales and revenues decreased 4 percent to $12.185 billion.
The company's Smart Industrial operating model and workforce dedication enabled improved performance.
Full-year net income is now forecasted to be $7.50 to $7.75 billion.
Revenue by Segment
Forward Guidance
Deere & Company forecasts net income attributable to Deere & Company for fiscal year 2024 to be approximately $7.7 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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