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Apr 28, 2024
Deere Q2 2024 Earnings Report
Deere's second-quarter earnings were impacted by softening global agricultural and turf demand, while construction remained stable. The company proactively managed production and inventory levels.
Key Takeaways
Deere & Company reported a net income of $2.370 billion for the second quarter, with worldwide net sales and revenues decreasing by 12% to $15.235 billion. The company is proactively managing production and inventory levels to adapt to demand changes.
Quarterly results underscore sound execution in the face of challenging market conditions.
Global agricultural and turf demand further softens while the construction industry remains stable.
Net sales were $13.610 billion for the quarter.
Full-year net income forecast updated to approximately $7.0 billion.
Deere
Deere
Deere Revenue by Segment
Revenue by Segment
Production & Precision Ag Revenue
CapyFin.comSmall Ag & Turf Revenue
CapyFin.comConstruction & Forestry Revenue
CapyFin.com Forward Guidance
Net income attributable to Deere & Company for fiscal 2024 is forecasted to be approximately $7.0 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income