Market Insights

In this episode, dive into Deere & Company's Q3 2024 earnings call, where CEO John May and CFO Josh Jepsen unpack the company's robust performance amidst a challenging economic landscape. Despite a 17% drop in net sales to $13.152 billion and a 20% decline in equipment operations, Deere showcases resilience through strategic inventory management and cost control. Hear insights on the agriculture sector, where high production yields are impacting crop prices and driving a forecasted 15% sales decline in large agricultural equipment in North America. The construction and forestry segments also face declines, with sales expected to fall by 10% to 15%. Looking ahead, Deere remains committed to innovation and customer-focused solutions, positioning itself for long-term success in an evolving market. Don’t miss these critical financial insights that could impact your investment strategies.