Financial Report for Deere's Second Quarter of 2025: Simple Numerical Data Breakdown
Deere & Co's Q2 2025 Financial Struggles Revealed
Deere & Company, the well-known farm and construction equipment manufacturer, reported a rough second quarter for 2025. Here's a quick rundown of their key numbers. Delve into their earnings press release for a closer look.
Adjusting for expected figures from Visible Alpha, these are Deere's vital statistics:
- Net sales slumped by 16% year-over-year to $12.763 billion (a drop from about $15.235 billion in the same period last year).
- Equipment sales specifically took a 18% hit, amounting to $11.171 billion (compared to $13.610 billion in Q2 2024).
- Net income stood at $1.804 billion, a 24% decrease from $2.37 billion in Q2 2024.
- Earnings per share (EPS) dropped by 22% to $6.64, compared to $8.53 in Q2 2024.
Correction - May 15, 2025: This article has been revised to rectify a revenue error for the second quarter.
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Deere's quarter was marred by adverse agricultural markets and diminished demand across the segments. Yet, the company underlined the positive impact of their employees' and dealers' resilience in assisting customers amidst uncertainty. Long-term investments in the U.S. market and continued focus on product innovation remain priorities even as the company broadcasts a cautious outlook for the rest of the year.
In the first half of fiscal 2025, sales fell by 30% to $17.98 billion (down from $24.097 billion), revenue plummeted 22% to $21.272 billion (compared to $27.420 billion), and net income declined by 38% to $2.673 billion (down from $4.121 billion). Diluted EPS for the six months shrank by 40% to $9.82 compared to $14.74 year-over-year.
All in all, Deere & Company grappled with a 16% decline in revenues and a 24% drop in net income in Q2 2025, primarily due to tough agricultural market conditions and lower equipment demand. Despite these challenges, the company underscored their resilient operations, unwavering commitment to customers, and a cautiously optimistic outlook for the full year's performance.
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