Deere Q4 2023 Earnings Report
Key Takeaways
Deere & Company reported a net income of $2.369 billion for the fourth quarter ended October 29, 2023, or $8.26 per share. Worldwide net sales and revenues decreased 1 percent, to $15.412 billion, for the fourth quarter of fiscal 2023.
Net income grew for the quarter, driven by solid market conditions, differentiated products, and strong execution.
Full-year 2024 earnings are forecast to be $7.75 to $8.25 billion, as volumes return to mid-cycle levels.
The company is focused on structural profitability and investments that deliver customer value.
Deere's fourth-quarter results are attributed to the successful execution of the Smart Industrial Operating Model.
Deere
Deere
Deere Revenue by Segment
Forward Guidance
Net income attributable to Deere & Company for fiscal 2024 is forecasted to be in a range of $7.75 billion to $8.25 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income