John Deere(US:DE)2025-02-13 18:561Q 2025 Financial Performance - Net sales and revenues decreased by 30% from $12.185 billion in 1Q 2024 to $8.508 billion in 1Q 2025[7] - Net sales for Equipment Operations decreased by 35% from $10.486 billion in 1Q 2024 to $6.809 billion in 1Q 2025[7] - Net income attributable to Deere & Company decreased by 50% from $1.751 billion in 1Q 2024 to $869 million in 1Q 2025[7] - Diluted EPS decreased by 49% from $6.23 per share in 1Q 2024 to $3.19 per share in 1Q 2025[7] Segment Performance - Production and Precision Ag net sales decreased by 37% from $4.849 billion in 1Q 2024 to $3.067 billion in 1Q 2025[10] - Small Ag and Turf net sales decreased by 28% from $2.425 billion in 1Q 2024 to $1.748 billion in 1Q 2025[13] - Construction and Forestry net sales decreased by 38% from $3.212 billion in 1Q 2024 to $1.994 billion in 1Q 2025[25] Industry Outlook for FY 2025 - U.S and Canada Large Ag is expected to be down approximately 30%[16] - Europe Ag is expected to be down approximately 5%[16] - U.S and Canada Small Ag and Turf is expected to be down approximately 10%[16] FY 2025 Forecast - Production and Precision Ag operating margin is forecasted to be 16-17%[19] - Small Ag and Turf net sales are expected to be down approximately 10%[22] - Construction and Forestry operating margin is forecasted to be 11.5-12.5%[31] - Financial Services net income is forecasted to be approximately $750 million[34] - Net income attributable to Deere & Co is forecasted to be $5.0-5.5 billion[36]