Deere Q3 Sales Down 17%

Deere & Company reported a net income of $1.734 billion for the third quarter ended July 28, 2024. That equates to $6.29 per share, compared with Q3 2023 net income of $2.978 billion (or $10.20 per share). For the first nine months of the year, net income attributable to Deere & Company was $5.855 billion, or $21.04 per share, compared with $7.797 billion, or $26.35 per share, for the same period last year.

Worldwide net sales and revenues decreased 17%, to $13.152 billion, for the third quarter of 2024 and decreased 11%, to $40.572 billion, for nine months. Net sales were $11.387 billion for the quarter and $35.484 billion for nine months, compared with $14.284 billion and $41.765 billion last year, respectively.

Source: HBSDealer.com