2Q 2025 Earnings Call Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on management's current beliefs, expectations and assumptions regarding the future of the Company's business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, changes in circumstances, and othe ...

Deere & Company DE will release its second-quarter earnings results before the opening bell on Thursday, May 15. Analysts expect the Moline, Illinois-based company to report quarterly earnings at $5.64 per share, down from $8.53 per share in the year-ago period. According to data from Benzinga Pro, Deere projects quarterly revenue at $10.79 billion, compared to $13.61 billion a year earlier. On Feb. 13, Deere reported a first-quarter 2025 net sales and revenue decline of 30% year-over-year to $8.51 billion, ...

Deere & Company DE will release its second-quarter earnings results before the opening bell on Thursday, May 15. Analysts expect the Moline, Illinois-based company to report quarterly earnings at $5.64 per share, down from $8.53 per share in the year-ago period. According to data from Benzinga Pro, Deere projects quarterly revenue at $10.79 billion, compared to $13.61 billion a year earlier. On April 22, Oppenheimer analyst Kristen Owen maintained Deere with an Outperform rating and raised the price target ...

Core Viewpoint - Deere & Company is expected to report second-quarter fiscal 2025 results on May 15, with strong demand from product launches but challenges from elevated production expenses and low commodity prices impacting performance [1]. Group 1: Factors Influencing Q2 Performance - Low commodity prices and weak farmer spending have led to lower shipment volumes, negatively affecting the company's fiscal second-quarter performance [2]. - High production expenses, along with increased selling, administrative, and research and development costs, are anticipated to impact the company's margins [3]. - The company is reviewing its cost structure to improve margins, with favorable price realization expected to offset some of the higher material and freight costs [4]. Group 2: Segment Projections for Q2 - The Production & Precision Agriculture segment is projected to generate revenues of $4.61 billion, a year-over-year decrease of 23.9%, with operating profit expected to fall 62.5% to $619 million [5]. - The Small Agriculture & Turf segment's revenues are estimated at $2.78 billion, indicating a 12.6% decline, with operating profit expected to decrease by 15.1% to $485 million [6]. - The Construction & Forestry segment's sales are estimated at $3.29 billion, a 14.4% dip, with operating profit predicted to drop 12% to $588 million [7]. - The Financial Services segment is projected to have revenues of $1.48 billion, a 6.7% increase, with operating profit estimated at $232 million [8]. Group 3: Overall Q2 Expectations - The Zacks Consensus Estimate for Deere's earnings has decreased by 1.1% to $5.68 per share, implying a 33.4% decline from the previous year, with revenue expectations at $10.6 billion, a 21.7% year-over-year decline [9]. - The earnings surprise history shows that Deere has beaten the Zacks Consensus Estimates in the past four quarters, with an average surprise of 8.9% [10]. Group 4: Earnings Prediction Model - The current Earnings ESP for Deere is -0.03%, indicating that the model does not predict an earnings beat this time [11]. - Deere holds a Zacks Rank of 3, suggesting a hold position [12]. Group 5: Share Price Performance - Deere's shares have increased by 22.6% over the past year, outperforming the industry's growth of 18.5% [13].

Core Viewpoint - AGCO, a global leader in agricultural machinery and precision ag technology, will participate in the JP Morgan 53rd Annual Technology, Media & Communications Conference on May 14, 2025, featuring key executives in a fireside chat [1]. Company Overview - AGCO is recognized for its design, manufacture, and distribution of agricultural machinery and precision ag technology, delivering value through a differentiated brand portfolio including Fendt®, Massey Ferguson®, PTx, and Valtra® [2]. - The company reported net sales of approximately $11.7 billion in 2024, indicating a strong market presence and financial performance [2].

Summary of CNH Industrial 2025 Capital Markets Day Company Overview - **Company**: CNH Industrial (CNH) - **Industry**: Agricultural and Construction Equipment - **History**: Over 180 years of innovation and engineering excellence, with a significant presence in North America, generating 40% of agricultural net sales [1][2][8] Key Financials - **Annual Revenues**: Ranged between $15 billion and $25 billion over the past five years [2] - **Employee Count**: Over 36,000 employees globally [2] - **Cost Savings**: Achieved run rate savings of more than $550 million from cost of goods sold by the end of 2024 [12] Strategic Focus and Innovations - **Technological Enhancements**: Acquisition of Raven in 2021 enhanced technological capabilities and innovation efforts [6] - **Product Portfolio**: Comprehensive agricultural machinery distribution network, offering a full line of products from tractors to crop protection equipment [21][25] - **Precision Technology**: Doubling precision tech contribution to agricultural net sales to 10% by 2030, with significant advancements in AI and automation [27][90] Strategic Pillars 1. **Product Leadership**: Commitment to expanding product offerings and integrating precision technology [23] 2. **Margin Improvement**: Targeting a mid-cycle adjusted EBIT margin of 16% to 17% in agriculture by 2030 [39][43] 3. **Shareholder Value**: Focused on returning substantial industrial free cash flow to shareholders while exploring M&A opportunities [24] Market Dynamics - **Cyclical Nature**: The agriculture market is influenced by commodity prices, weather patterns, and government policies, with expectations of a market bottoming at 85% to 90% of the ten-year average [34][36] - **Historical Margin Performance**: Improved mid-cycle margins from 10% in 2021 to a target of 16% to 17% by 2030 [41] Operational Changes - **Organizational Restructuring**: Delayered organization to enhance responsiveness to market conditions and improve P&L ownership at the regional level [18] - **Quality Commitment**: A holistic approach to quality across product development, manufacturing, and supply chain, aiming to reduce costs of non-quality by 200 to 250 basis points by 2030 [32] Product Innovations - **New Product Launches**: Plans for over 15 new tractor launches, 10 combine launches, and 19 crop production launches by 2027 [63] - **Smart Technology**: Introduction of smart spraying solutions that can reduce herbicide use by up to 80% [90] Dealer Network Strategy - **Strengthening Partnerships**: Investing in dealer capabilities and enhancing service offerings to ensure customer satisfaction and loyalty [98][100] - **Regional Tailoring**: Adapting the dealer network strategy to meet unique market demands, balancing single and multi-brand models [104] Conclusion - **Future Outlook**: CNH Industrial is committed to innovation, operational excellence, and strategic growth, positioning itself as a leader in the agricultural and construction equipment industry [44][45]

CNH Overview - CNH is the world's second-largest manufacturer of agricultural machinery[29] - CNH aims to return substantially all Industrial Free Cash Flow to shareholders through the cycle[37] - CNH expects to deliver another $550M+ of run-rate operational and quality cost improvements by 2030[38] Agriculture Segment - Agriculture accounts for approximately 80% of Industrial Net Sales and 90% of Industrial Adjusted EBIT[30, 34] - CNH Agriculture is targeting a mid-cycle Adjusted EBIT margin of 160%-170% by 2030[67] - CNH Agriculture is targeting 200-250 bps margin improvement through quality improvements by 2030[58] Precision Tech - CNH aims to achieve approximately 2x revenue growth in Precision Tech by 2030[21, 44] - CNH is targeting a 50-75 bps increase in CNH Agriculture Adjusted EBIT margin through favorable Precision Tech mix by 2030[45, 114, 137] Construction Segment - Construction represents approximately 20% of Industrial Net Sales[32, 35] - CNH aims to expand Construction's margins by 150-250 bps by 2030[168, 170]

"会思考"的农机，让春耕春管实现了从"人控"到"数控"的转变。记者来到汝州市林鑫农机专业合作社， 这里的植保无人机等先进农机一应俱全，安装了北斗导航系统的播种机更让人眼前一亮。 记者看到无人机操控屏上显示着航线、已作业面积等数据。"过去人扛药桶打药，现在只需给无人机加 药、补药，轻轻松松活儿就干完了。"孙涛峰说。 无人机飞防让防治病虫害的效率大大提高。"以前从发现病虫害到打完药需要好几天，人工大约一天喷 洒30亩，现在无人机飞防一天可喷洒1000亩。" 不仅效率高、防治效果好，智慧农业也让春管成本大大减少。该合作社使用的多光谱无人机，能自动生 成麦田"处方图"，让麦田喷洒农药有了"智慧眼"。几天前，孙涛峰还带着一架搭载多光谱相机的无人 机，到牛王村进行麦田作业。 "过去全凭经验下田查看，现在无人机飞一圈，哪里缺肥、哪里生虫一目了然。"孙涛峰介绍，合作社利 用多光谱无人机扫描麦田，生成精准"处方图"，指导后续植保无人机按需喷洒。"精准的数据让100亩地 至少节约出1亩地的防治成本。"孙涛峰说。 5月4日上午，在汝州市纸坊镇牛王村的田野上，无人机的嗡鸣声与农人的欢笑声交织在一起。喜耕田农 机专业合作社负责人孙涛峰 ...

Company Overview - AGCO is a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology [2] - The company offers a differentiated brand portfolio including leading brands such as Fendt®, Massey Ferguson®, PTx, and Valtra® [2] - AGCO's full line of equipment and smart farming solutions helps farmers sustainably feed the world [2] - Founded in 1990 and headquartered in Duluth, Georgia, AGCO reported net sales of approximately $11.7 billion in 2024 [2] Upcoming Events - AGCO will participate in the Oppenheimer 20th Annual Industrial Growth Conference on May 6, 2025 [1] - The conference will feature a fireside chat with Damon Audia, Senior Vice President and Chief Financial Officer, at 11:15 a.m. Eastern Time [1] - Investors can access a live webcast of the presentation through the "Events" section of the company's Investor Relations website, which will also be archived for 12 months [1]

For the quarter ended March 2025, Agco (AGCO) reported revenue of $2.05 billion, down 30% over the same period last year. EPS came in at $0.41, compared to $2.32 in the year-ago quarter.The reported revenue represents a surprise of +1.46% over the Zacks Consensus Estimate of $2.02 billion. With the consensus EPS estimate being $0.03, the EPS surprise was +1266.67%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectati ...