Deere: Q1 net income halved

(CercleFinance.com) - John Deere reports Q1 2024-25 net income that was halved at $869m (period ended January), or EPS of $3.
19, on revenues that are down 30% to just over $8.5bn. NB: pmt -5.2%.

This performance highlights our continued focus on optimizing inventory levels, against the backdrop of the uncertain market conditions facing our customers, the agricultural and construction machinery manufacturer's CEO said.

Deere confirms that it expects net income of $5bn to $5.5bn for 2024-25, although its outlook does not take into account the impact of potential US tariffs and any retaliatory measures by other countries.


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