Deere & Co. Earnings Drop 50% in Q1 2025
Deere faced a challenging quarter as earnings and revenue significantly declined year over year amidst unfavorable market conditions and inventory adjustments.
Deere & Co. (NYSE:DE), renowned for its agricultural machinery, reported financial results for fiscal 2025's first quarter on Thursday, Feb. 13, that topped analysts' consensus expectations. Despite the analyst beats, the earnings release revealed a significant decline in key financial metrics compared to the previous year. Net income of $869 million, or $3.19 per diluted share, was down roughly 50% from $1.75 billion or $6.23 per share in Q1 2024. Additionally, revenue decreased by 30% to $8.51 billion.
The disappointing performance was primarily attributed to lower shipment volumes and ongoing market challenges.
Source: Deere & Co. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.
