John Deere (DE) Q4 FY2024 Earnings Breakdown

Key Highlights:

• Solid Execution: Deere achieved strong results across the business cycle by adjusting operations to align with the current environment.
• Earnings Decline: Net income for 4Q 2024 was $1.245 billion, down 47% from $2.369 billion in 4Q 2023. Full-year net income was $7.100 billion, down 30% from $10.166 billion in fiscal 2023.
• Revenue Decrease: Worldwide net sales and revenues decreased 28% to $11.143 billion for 4Q 2024 and decreased 16% to $51.716 billion for the full year.
• Proactive Adjustments: The company proactively adjusted its business operations to better align with the current environment.
• Structural Improvements: Deere's structural improvements made over the past several years enable it to serve customers effectively and achieve strong results across the business cycle.
• Commitment to Investments: Deere remains committed to making investments that enhance customer productivity and profitability.