Core Insights - Deere & Company is facing a slowdown in farm demand but is positioning for long-term growth through technology and manufacturing investments [1][3] - The company reported weaker fiscal third-quarter results, with declines in sales and net income due to lower crop prices and macroeconomic pressures [2][5] - Deere plans to invest $20 billion over the next decade to enhance U.S. manufacturing and accelerate innovation [3][4] Financial Performance - In September 2025, Deere reported weaker fiscal third-quarter results, with declines in sales and net income as farmers reduced spending [2] - The company anticipates tariffs will impact earnings by approximately $600 million this year [2][5] Strategic Initiatives - Deere is committing $20 billion over the next decade for U.S. manufacturing and innovation, including a $70 million excavator factory in North Carolina [3] - The Smart Industrial Strategy focuses on autonomous and connected equipment, showcased at CES 2025 with autonomous tractors and dump trucks [4][5] Leadership Changes - Deere has restructured its leadership team with new appointments to enhance customer value through smarter, connected equipment [5]

Leadership Changes - Deere & Company has announced key leadership changes to advance its Smart Industrial Strategy, focusing on intelligent and connected machines to enhance customer economic value [1] - John May, chairman and CEO, emphasized the importance of building a purpose-driven leadership team dedicated to customer success [2] New Appointments - Cory Reed has been appointed president of Lifecycle Solutions, Supply Management, and Customer Success, overseeing global aftermarket, customer support, supply chain, precision upgrade, and business transformation initiatives [2][8] - Justin Rose will take on the role of president for the Worldwide Agriculture & Turf Division: Small Agriculture and Turf, responsible for the Europe, Africa, and Asia markets [4][7] - Deanna Kovar has been named president of the Worldwide Agriculture & Turf Division: Production and Precision Ag, covering the Americas and Australia markets, focusing on major equipment and technology solutions for production-scale agriculture [5][6]