Tariffs, Sales Slump Hit Deere, But Analysts See Greener Pastures Ahead

On Thursday, Deere & Company (NYSE:DE) shares tumbled after the agricultural equipment giant posted mixed third-quarter results and trimmed its full-year profit forecast, highlighting persistent headwinds from declining sales, tariffs, and cautious customer demand.

The heavy machinery maker reported earnings per share of $4.75, beating the consensus of $4.67. It reported a 9% decline in quarterly sales to $12.02 billion, beating the consensus of $10.31 billion.

Production and precision agriculture sales decreased 16% for the quarter to $4.27 billion due to lower shipment volumes and unfavorable price realization. Operating profit slumped 50% to $580 million primarily due to lower shipment volumes/sales mix.

Also Read: Trump’s Tariffs Cost Deere $600 Million As It Reduces Inventories—Management Says Focusing On ‘What We Can Control’

Deere narrowed its fiscal 2025 net income guidance to between $4.75 billion and $5.25 billion, compared to its previous forecast of $4.75 billion to $5.50 billion, citing that customers remain cautious ...