Deere & Company reported its financial results for Q3 2025, showing a decline in net income and sales compared to the previous year. Despite industry challenges, the company is employing strategic management.
Financial Results for Q3
The company's net income for Q3 amounted to $1.289 billion, equating to $4.75 per share. This marks a significant drop from $1.734 billion or $6.29 per share reported in Q3 2024. Total worldwide sales and revenues decreased by 9% to $12.018 billion, with net sales at $10.357 billion. These results fell short of market expectations set at an EPS of $4.62 and revenue of $10.25 billion.
Lower Full-Year Income Guidance
Looking ahead, Deere & Company has narrowed its full-year net income guidance to a range of $4.75 billion to $5.25 billion. This adjustment reflects the company’s anticipation of ongoing market uncertainties and strategic initiatives aimed at fostering future growth.
Outlook and Strategic Initiatives
The industry outlook for major agricultural markets in the U.S. and Canada anticipates a decrease of approximately 30%, while construction equipment is expected to decline by 10%. Nevertheless, some regions, such as Asia, may experience slight growth. Deere remains committed to enhancing its technologies and inventory management strategies while leveraging its Smart Industrial Operating Model and Leap Ambitions.
Overall, the financial results for Q3 2025 indicate that despite decreased performance metrics and market uncertainties, Deere & Company is implementing new strategic measures to navigate current challenges.
