Deere & Company Reports 16% Drop in Q2 Revenues, 24% Decline in Net Income, EPS Falls to $6.64

Reuters
15 May
Deere & Company Reports 16% Drop in Q2 Revenues, 24% Decline in Net Income, EPS Falls to $6.64

Deere & Company reported its financial results for the second quarter, revealing a net income of $1.804 billion, down from $2.370 billion in the same period last year. Earnings per share also experienced a decline, standing at $6.64 compared to $8.53 in the previous year. For the first six months of 2025, net income was $2.673 billion, a significant decrease from the $4.121 billion reported for the same period in 2024. Worldwide net sales and revenues for the second quarter decreased by 16% to $12.763 billion, and by 22% to $21.272 billion for the six-month period. The company's net sales for the quarter were $11.171 billion, compared to $13.610 billion the previous year. Similarly, net sales for the first half of the year were $17.980 billion, down from $24.097 billion in 2024. Deere & Company's performance amidst a challenging market environment was supported by disciplined execution across all segments, with employees and dealers demonstrating resilience in customer support. The company has broadened its full-year net income range as a response to the dynamic environment, highlighting the company's adaptability and focus on maintaining high-quality service and products for its customers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Deere & Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001558370-25-007795), on May 15, 2025, and is solely responsible for the information contained therein.

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