Locator:48584DE.
Deere press release: link here.
Deere & Company reported net income of $1.804 billion for the second quarter ended April 27, 2025, or $6.64 per share, compared with net income of $2.370 billion, or $8.53 per share, for the quarter ended April 28, 2024 (an EPS decrease of 22% on a per share basis) .
For the first six months of the year, net income attributable to Deere & Company was $2.673 billion, or $9.82 per share, compared with $4.121 billion, or $14.74 per share, for the same period last year (representing a decline of 33% on a per share basis).
Worldwide net sales and revenues (sic) decreased 16 percent, to $12.763 billion, for the second quarter of 2025 and decreased 22 percent, to $21.272 billion, for six months. Net sales (sic) were $11.171 billion for the quarter and $17.980 billion for six months, compared with $13.610 billion and $24.097 billion last year, respectively, a decrease of 18% ad 25%, respectively.
Briefly, from above (note I often make simple arithmetic errors and the second paragraph was confusing for me: "worldwide net sales and revenues" vs "net sales."
- for the first six months of the year:
- net income: decreased from $14.74 / share (2024) to $9.82 / share (2025) (a 33% decline)
- for the second quarter of the year:
- net income dropped from. $8.53 / share (2024) to $6.64 / share (2025) (a 22% decline)
- worldwide net sales and revenues:
- for the second quarter, decreased 16%
- for the first six months of the year, decreased 22%
- net sales:
- net sales for the second quarter, decreased 18%;
- net sales for the first six months, decreased 25%
Guidance:
- net income for FY25: $5 billion
- reminder: net income for 1H25: $2.673 billion
Ticker:
- p/e runs about 23
- div yield: about 1.3%
Earnings: link here -- 2nd quarter
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Disclaimer
Brief
Reminder
Briefly:
- I am
inappropriately exuberant about the Bakken and I am often well out front
of my headlights. I am often appropriately accused of hyperbole when it
comes to the Bakken.
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this is not an investment site. Do not make any investment, financial,
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here or think you may have read here. All my posts are done quickly:
there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything.
- If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
- Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market.
- I am also inappropriately exuberant about all things Apple.
- And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution.
- I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom.
- I've now added Oracle to the disclaimer. I am also inappropriately exuberant about all things Oracle.
- Longer version here.
