Deere Q2 2020 Earnings Report
Key Takeaways
Deere & Company reported a decrease in net income for the second quarter of 2020, totaling $665.8 million, or $2.11 per share, compared to $1.135 billion, or $3.52 per share, for the same quarter in 2019. Worldwide net sales and revenues also decreased by 18 percent to $9.253 billion.
Deere's foremost priority has been to safeguard the health and well-being of employees.
The company has taken proactive measures to keep employees safe and facilities operational.
Deere has provided generous support to area food banks and other organizations.
The company is executing its plan to address the impact of COVID-19.
Deere
Deere
Deere Revenue by Segment
Forward Guidance
Net income attributable to Deere & Company is forecast to be in a range of $1.6 billion to $2 billion for the full year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income