Core Viewpoint - Deere & Company will hold its first quarter 2026 earnings call on February 19, 2026, at 9:00 a.m. central time, discussing financial and operational performance with analysts and investors [1]. Group 1 - The earnings call can be accessed online at www.JohnDeere.com/earnings, and a recorded version will be available afterward [2]. - The earnings release, along with other financial information and the earnings call presentation, can also be found at the same link [2]. Group 2 - Deere & Company has a long history of nearly 200 years, starting with the invention of a steel plow, and continues to drive innovation across various sectors including agriculture, construction, forestry, and power systems [3].

Core Viewpoint - Deere's stock performance has outpaced major indices, with a notable increase in the past month, while upcoming earnings are expected to show a significant year-over-year decline in earnings per share [1][2]. Financial Performance - In the latest trading session, Deere's stock rose by 2.4% to $545.00, contrasting with the S&P 500's decline of 0.84% [1]. - Analysts project Deere will report earnings of $1.92 per share, reflecting a year-over-year decline of 39.81%, while revenue is expected to reach $7.6 billion, an increase of 11.68% from the previous year [2]. - For the entire year, earnings are forecasted at $16.82 per share, down 9.08%, and revenue at $40 billion, up 2.78% compared to the prior year [3]. Analyst Sentiment - Recent changes in analyst estimates for Deere are crucial, as they often indicate shifts in short-term business dynamics, with positive revisions suggesting optimism about the company's profitability [3][4]. - The Zacks Consensus EPS estimate has increased by 0.29% in the past month, and Deere currently holds a Zacks Rank of 3 (Hold) [5]. Valuation Metrics - Deere's Forward P/E ratio stands at 31.64, significantly higher than the industry average of 20.03, indicating that Deere is trading at a premium [6]. - The PEG ratio for Deere is 2.12, aligning with the industry average, which also reflects the expected earnings growth rate [6]. Industry Context - The Manufacturing - Farm Equipment industry, part of the Industrial Products sector, holds a Zacks Industry Rank of 96, placing it in the top 40% of over 250 industries [7]. - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [7].

Core Viewpoint - John Deere is recalling 99 laid-off employees in eastern Iowa due to increased demand in its construction and forestry operations, alongside plans for new facilities that will create hundreds of jobs [1][2][3]. Group 1: Employee Recall and Job Creation - John Deere will recall 99 employees to its Davenport and Dubuque Works sites starting in mid-February [1]. - The recall follows President Trump's announcement of a new parts distribution center in Indiana and an excavator factory in North Carolina, expected to create hundreds of jobs [2]. - The Davenport Works will add 75 employees for various production roles, while Dubuque Works will add 24 employees for dozer assembly and related tasks [3]. Group 2: Facility Operations and Historical Layoffs - The Dubuque facility spans 3.9 million square feet and produces machinery such as backhoes and compact track loaders, while the Davenport site has six production lines for various machines [4]. - John Deere laid off 211 workers in Davenport in August 2024 and 80 more in January 2025, along with 133 employees from Dubuque in mid-2024 [4]. - Since 2015, John Deere has cut more than 4,500 jobs, indicating a significant reduction in workforce over the years [5].

Core Insights - John Deere plans to open two new facilities in the US, including a distribution center in Indiana and an excavator factory in North Carolina, aimed at enhancing supply chain operations and manufacturing capabilities [1][3] Group 1: New Facilities - The Indiana distribution center will improve national supply chain operations and is expected to create approximately 150 jobs [1] - The $70 million excavator factory in Kernersville will focus on advanced manufacturing technologies and will employ over 150 people, taking over production of future generation excavators previously made in Japan [3][4] Group 2: Strategic Importance - The Indiana facility is seen as an investment in customer expectations for world-class product support, leveraging Indiana's strong workforce and central location [2] - The developments are expected to result in several hundred new jobs across both locations, providing additional support to local communities [4] Group 3: Long-term Commitment - John Deere's chairman announced a commitment to invest $20 billion in US manufacturing over the next 10 years, reflecting confidence in the future of US manufacturing and a focus on innovation and economic growth [5]

Group 1 - President Trump announced a $70 million excavator manufacturing facility by John Deere in Kernersville, North Carolina, which will be the only excavator entirely made in the United States [1] - John Deere confirmed the new facility and also announced a new distribution center near Hebron, Indiana, aimed at strengthening its manufacturing operations with advanced technologies [2] - Both facilities are expected to begin operations within the next year, with the Indiana site benefiting from a skilled workforce and central location [3] Group 2 - Deere & Company faces a $1.2 billion tariff impact in fiscal 2026, which is a $600 million increase over 2025 levels, affecting its fiscal outlook [4] - CEO John May indicated that tariffs would lead to ongoing margin pressures, while President Trump announced $12 billion in farm aid to assist farmers facing higher costs [5] - Deere & Co. is ranked in the 58th percentile for quality and 57th percentile for value, with its stock increasing by 8.17% over the past year, closing at $519.19 [6]

Core Viewpoint - John Deere is relocating excavator production from Japan to a new $70 million factory in North Carolina, along with building a distribution center in Indiana, to strengthen U.S. manufacturing [1] Group 1: Company Developments - The new factory in North Carolina and the distribution center in Indiana will create approximately 150 jobs [1] - The move comes in response to past criticisms from former President Trump regarding the company's overseas job transfers [1] Group 2: Industry Context - The initiative reflects a broader trend of reshoring manufacturing to the U.S. to bolster domestic production capabilities [1]

Group 1 - The company is expanding its operations by establishing a new distribution center in Indiana [1] - Additionally, the company is setting up an excavator factory in North Carolina [1]

Core Points - Deere & Company, a farm machinery manufacturer, will invest $70 million to build a facility in North Carolina [1][2] - The investment is expected to create over 150 jobs [1][2] - This investment mirrors a previous commitment made by Deere in 2024 during President Biden's administration [1][2]

Core Insights - John Deere is expanding its U.S. manufacturing presence with the announcement of two new facilities, a distribution center in Hebron, Indiana, and an excavator factory in Kernersville, North Carolina [1][2][3] Group 1: New Facilities - The new distribution center in Hebron, Indiana, aims to enhance supply chain capabilities and is expected to create approximately 150 jobs [3][4] - The $70 million excavator factory in Kernersville, North Carolina, will produce advanced excavators for the construction market and will employ over 150 people [5][6] Group 2: Commitment to U.S. Manufacturing - John Deere's investment in these facilities is part of a broader commitment to invest $20 billion in U.S. manufacturing over the next 10 years, reflecting confidence in the future of U.S. manufacturing [7] - The Kernersville facility will be the only excavator designed, developed, and manufactured in the U.S., moving production from Japan to America [8]

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