Deere & Company ( (DE) ) has released its Q2 earnings. Here is a breakdown of the information Deere & Company presented to its investors.
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Deere & Company, a leading player in the agricultural, construction, and forestry equipment industry, has reported its financial results for the second quarter of 2025. Known for its iconic green machinery, Deere operates globally, providing advanced products and solutions to its customers.
In the latest earnings report, Deere & Company announced a net income of $1.804 billion for the second quarter, a decrease from $2.370 billion in the same period last year. The company attributed its performance to disciplined execution across all segments despite challenging market conditions.
Key financial metrics revealed a 16% decline in worldwide net sales and revenues, totaling $12.763 billion for the quarter. The Production & Precision Agriculture segment experienced a 21% drop in net sales, while the Construction & Forestry segment saw a 23% decrease. However, the Small Agriculture & Turf segment maintained stable operating profit despite a 6% decline in sales.
Looking ahead, Deere & Company forecasts its net income for fiscal 2025 to be between $4.75 billion and $5.50 billion. The company remains optimistic about its future, emphasizing ongoing investments in advanced products and manufacturing capabilities to drive growth and innovation in a competitive global market.