Core Insights - Deere & Company reported first-quarter fiscal 2025 earnings of 3.19pershare,exceedingtheZacksConsensusEstimateof3.13, but reflecting a 49% decline from the prior-year quarter due to lower shipment volumes [1] - Net sales for equipment operations were 6.81billion,down35.17.70 billion. Total net sales, including financial services, were 8.51billion,down305.04 billion, while total gross profit fell 46.1% to 1.77billion.Selling,administrative,andgeneralexpensesdecreasedby8.8972 million [3] - Total operating profit, including financial services, declined 64% year over year to 793 million [3] Segment Performance - Production & Precision Agriculture segment sales fell 37% year over year to 3.1 billion, with operating profit declining 68% to 338 million [4] - Small Agriculture & Turf sales decreased by 28% to 1.75 billion, with operating profit down 62% to 124 million [5] - Construction & Forestry sales were 1.99 billion, down 38% year over year, and operating profit decreased 89% to 65million[6]−FinancialServicesdivisionrevenueswere1.45 billion, up 1.5% year over year, with operating income increasing to 266million[7]CashandDebtPosition−Attheendofthefirstquarteroffiscal2025,cashandcashequivalentswere6.6 billion, down from 7.3billionattheendoffiscal2024.Cashusedinoperatingactivitieswas1.13 billion, compared to an outflow of 0.91billionintheprior−yearquarter.Long−termdebtincreasedto43.4 billion from 43.2billion[8]2025Guidance−Thecompanyexpectsnetincomeforfiscal2025tobebetween5 billion and $5.5 billion. Net sales for Production & Precision Agriculture are projected to decrease by 15-20%, Small Agriculture & Turf sales are expected to decline by 10%, and Construction & Forestry sales are projected to decrease by 10-15% [10] Share Price Performance - Deere's shares have increased by 25.7% over the past year, outperforming the industry's growth of 21.6% [11]
John Deere(DE) ZACKS·2025-02-13 18:31