Deere & Company earnings report

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Deere & Company reported third-quarter net income of $1.289 billion, or $4.75 per share, down 26% from $1.734 billion, or $6.29 per share, a year ago. Net income for the first nine months totaled $3.962 billion, a 32% decline from $5.855 billion last year. Quarterly net sales and revenues fell 9% to $12.018 billion, while year-to-date figures dropped 18% to $33.29 billion. The Production & Precision Agriculture segment saw sales drop 16% and operating profit fall 50% due to lower shipment volumes and weak pricing. Small Agriculture & Turf was relatively stable, with a 1% sales decline and 2% drop in profit, supported slightly by favorable currency and lower material costs. Construction & Forestry experienced a 5% sales decline and a 47% drop in operating profit due to unfavorable price realization and higher production costs from tariffs.



Financial Services posted strong growth, with net income rising 34% to $205 million, helped by lower credit loss provisions and fewer one-time charges. Deere narrowed its full-year net income forecast to a range of $4.75 billion to $5.25 billion. Segment outlooks project double-digit sales declines across most business lines, reflecting continued caution in key markets, especially in the U.S. and Canada. CEO John May emphasized the company's proactive inventory management and commitment to advanced technologies to support long-term growth, despite near-term uncertainty.

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