Deere says tariff costs in the quarter were $200M

Says customers are operating in ‘increasingly dynamic’ markets. Says company is ‘focusing on what we can control’. Says facilities have been ‘running efficiently’. Says Ag and Turf remains production, cost favorable. Says tariff costs in the quarter were approximately $200M. Sees FY25 impact $600M. Says starting to see some ‘positive trends’ in the Ag business, particularly outside North America. Says until there is more stability in the North America industry, the company expects customers to take a ‘measured approach’.