Industrials
Farm & Heavy Construction Machinery
$119.61B
75.8K
Key insights and themes extracted from this filing
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.