Deere Reports FY 2024 Net Sales Drop 16%

Deere’s Production and Precision Ag segment saw net sales for the quarter drop 38% vs. the same period last year. Operating profit for the segment was down 64% for the quarter to $657 million vs. $1.8 billion in fiscal year 2023.

For the quarter, net sales and revenues dropped 28% and net sales from equipment operations were down 33% for the quarter. 

Deere’s Production and Precision Ag segment saw net sales for the quarter drop 38% vs. the same period last year. Operating profit for the segment was down 64% for the quarter to $657 million vs. $1.8 billion in fiscal year 2023. 

Net income attributable to Deere & Company for fiscal 2025 is forecasted to be in a range of $5.0 billion to $5.5 billion.

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