Deere & Company

DE
Sector

Industrials

Industry

Farm & Heavy Construction Machinery

Market Cap

$119.61B

Employees

75.8K

Company Overview

Deere & Company is a global leader in the production of agricultural, turf, construction, and forestry equipment and solutions. Primary revenue streams are generated through the sales of equipment, parts, and services. The company's market position is strong, leveraging its brand recognition and technological advancements as key competitive advantages, and it has a significant global presence.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Net sales decreased to $11.4B in Q3 2024 from $14.3B in Q3 2023, a 17% decline, driven by lower sales volumes across all segments. This indicates a significant contraction in the company's revenue generation compared to the prior year.

Net income attributable to Deere & Company fell to $1.7B in Q3 2024 from $3.0B in Q3 2023, representing a 42% decrease. This significant drop in profitability is a major concern, reflecting the impact of lower sales and other factors.

Diluted earnings per share decreased to $6.29 in Q3 2024 from $10.20 in Q3 2023, a substantial drop, reflecting the significant decline in net income. This decrease in EPS will likely negatively impact investor sentiment.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

3 Insights

Market Environment

3 Insights