Deere & Company Reports Strong Q3 Earnings
17.34 Billion Net Income for the Third Quarter
WEB MOLINE, Ill. - August 15, 2024 - Deere & Company reported net income of $17.34 billion for the third quarter ended July 28, 2024, or $6.29 per share.
Q3 Net Income Up from Previous Year
This represents an increase from the net income of $1.5 billion, or $0.54 per share, reported for the same period in 2023.
Full-Year Forecast Unchanged
Despite facing challenges, Deere & Company maintained its full-year net income forecast.
Positive Outlook
The company attributed its strong performance to higher sales volumes, improved price realization, and continued cost discipline.
Key Statistics
- Net income: $17.34 billion
- Earnings per share: $6.29
- Sales revenue: $14.1 billion
- Agricultural & turf equipment sales: $11.6 billion
Sources
- Deere & Company Reports Third Quarter 2024 Results
- Deere & Company Reports Third Quarter 2024 Earnings Release
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