FONTENAY-LE-PESNEL, FRANCE - OCTOBER 11: A tractor John Deere 6250R pulls the AEROSEM POTTINGER ... [+] pneumatic seed drill through a field near Fontenay-le-Pesnel, Calvados, France, on October 11, 2024. (Photo by Artur Widak/NurPhoto via Getty Images)NurPhoto via Getty ImagesThe stock price of Deere (NYSE: DE) surged 8% on November 21, after the company reported upbeat fiscal Q4 results (fiscal ends in October). It reported equipment revenue of $9.3 billion and earnings of $4.55 per share, compared to the ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .While it yields just 1.5%, the dividend comes with a payout ratio of just 20% and a five-year CAGR of 14.1%. In fact, since the pandemic, it hasAnalyst’s Disclosure: I/we have a beneficial long position in the shares of DE either through stock ownership, options, or other deriva ...

Deere & Company (DE) reported fourth-quarter fiscal 2024 (ended Oct. 27) earnings of $4.55 per share, beating the Zacks Consensus Estimate of earnings of $3.90. The bottom line decreased 45% from the prior-year quarter.The downside was mainly led by lower shipment volumes across all segments, reflecting weak demand. It was somewhat negated by the company’s pricing strategies and lower production expenses.Net sales of equipment operations (comprising Agriculture & Turf, Construction & Forestry) were $9.28 bi ...

4Q 2024 Earnings Call 21 November 2024 | --- | --- ...

Financial Data and Key Metrics Changes - Deere & Company reported a 16% decrease in net sales and revenues for fiscal year 2024, totaling $51.7 billion, with equipment operations net sales down 19% to $44.8 billion [10] - Net income attributable to Deere was $7.1 billion, or $25.62 per diluted share, while fourth quarter net sales and revenues fell 28% to $11.1 billion, with equipment operations net sales down 33% to $9.3 billion [11] - Operating margins for equipment operations were 13.1% in Q4 and 18.2% for the full year, reflecting solid execution despite market challenges [8][10] Business Segment Data and Key Metrics Changes - Production and Precision Ag segment net sales decreased 38% year-over-year to $4.305 billion, with an operating margin of 15.3% [11][12] - Small Ag and Turf segment net sales fell 25% to $2.306 billion, with a 10.1% operating margin, impacted by lower shipment volumes [13] - Construction & Forestry segment net sales declined 29% to $2.664 billion, with an operating margin of 12.3% [20] Market Data and Key Metrics Changes - Industry sales of large ag equipment in the U.S. and Canada are expected to decline approximately 30% in 2025 due to weak farm fundamentals and high interest rates [14] - European industry sales are projected to decrease by 5% to 10% due to unfavorable weather and high input costs [15] - South American industry sales are anticipated to be flat, while Asian markets are expected to see slight declines [17] Company Strategy and Development Direction - The company aims to focus on structural improvements and operational excellence to drive customer value, with a commitment to R&D and new product introductions [26][80] - Deere is enhancing its technology offerings, including connected machines and autonomous solutions, to improve productivity and sustainability [29][70] - The company is proactively managing inventory levels to align production with retail demand, particularly in North America [31][37] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about continued contraction in ag markets globally, with expectations for equipment demand to remain at or below trough levels [10][14] - The company highlighted the resilience shown in 2024 and the importance of maintaining strong operational performance amid challenging market conditions [26][80] - Management remains optimistic about future opportunities, emphasizing the need for continued investment in technology and customer solutions [79] Other Important Information - Deere's financial services net income for Q4 was $173 million, with a forecast of $750 million for fiscal year 2025, primarily due to lower provisions for credit losses [23][24] - The company expects full-year net income for 2025 to be in the range of $5 billion to $5.5 billion, with an effective tax rate between 23% and 25% [25] Q&A Session Summary Question: Margin expectations for 2025 - Management indicated that continued volume declines and a mix-driven impact would weigh on margins, but positive pricing and favorable production costs are expected to provide some lift [82][84] Question: Pool funds program for trade-ins - The pool funds program is designed to stabilize the used market during downturns, with additional incentives deployed to help reduce used inventory levels [87][89] Question: Update on retail demand and inventory levels - Management noted a strong finish to the year in retail sales, particularly in October, and emphasized the importance of managing both new and used inventory levels effectively [91]

John Deere (NYSE: DE ) just reported its Q4 earnings . Despite concerns and fears, the market seemed to like the report and Deere's shares are up over 8% . The reason is simple: Deere topped estimates, even I focus on long term growth and dividend growth investing. I follow both the US and the European stock markets, looking for undervalued stock and/or for high quality dividend growing companies that provide me with cash to reinvest. Over time, I have come to realize that profitability is a much safer driv ...

KEY TAKEAWAYSDeere & Company reported fiscal 2024 fourth-quarter results that topped estimates, even as the maker of farm equipment warned of "ongoing headwinds" in the agriculture and construction industries.Deere's quarterly profit plunged 47% year-over-year, while revenue dropped 28%. The company expects fiscal 2025 net income of $5.0 billion to $5.5 billion, down from the $7.1 billion it generated in fiscal 2024. Deere & Company (DE) reported fiscal 2024 fourth-quarter results that topped estimates, eve ...

Deere (DE) reported $9.28 billion in revenue for the quarter ended October 2024, representing a year-over-year decline of 32.8%. EPS of $4.55 for the same period compares to $8.26 a year ago.The reported revenue represents a surprise of +1.66% over the Zacks Consensus Estimate of $9.12 billion. With the consensus EPS estimate being $3.89, the EPS surprise was +16.97%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expect ...

Deere (DE) came out with quarterly earnings of $4.55 per share, beating the Zacks Consensus Estimate of $3.89 per share. This compares to earnings of $8.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.97%. A quarter ago, it was expected that this agricultural equipment manufacturer would post earnings of $5.80 per share when it actually produced earnings of $6.29, delivering a surprise of 8.45%.Over the last four quarter ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...