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Jul 28, 2024
Deere Q3 2024 Earnings Report
Deere's third-quarter results were affected by challenging conditions in the global agricultural and construction sectors.
Key Takeaways
Deere & Company reported a net income of $1.734 billion for the third quarter, with a worldwide net sales and revenues decrease of 17 percent to $13.152 billion.
Strong ag margins highlight continued value delivery amid market fluctuations.
Global ag fundamentals are expected to remain weak as construction moderates.
Full-year net income forecast unchanged despite challenging environment.
Company took steps to reduce costs and strategically align production with customer needs in response to weak market conditions.
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