Welcome to our dedicated page for Deere & Co news (Ticker: DE), a resource for investors and traders seeking the latest updates and insights on Deere & Co stock.
Deere & Company (NYSE: DE), the global leader in agricultural and construction equipment manufacturing, maintains this dedicated news hub for investors and industry professionals. Access official press releases, financial updates, and strategic announcements from the pioneer of precision agriculture technology.
This resource consolidates John Deere's operational developments across its core segments: advanced farming machinery, intelligent construction solutions, and integrated financial services. Users will find timely updates on earnings reports, product innovations, sustainability initiatives, and market expansion efforts.
Key content categories include quarterly financial disclosures, leadership updates, technological advancements in autonomous equipment, and dealer network developments. All materials are sourced directly from the company to ensure regulatory compliance and factual accuracy.
Bookmark this page for streamlined access to DE's corporate communications. Combine these verified updates with Stock Titan's analytical tools to monitor the company's performance in capital-intensive industries and evolving global markets.
John Deere has announced a two-year, $100,000 commitment to the USO, aimed at supporting military service members and their families. This partnership will enable John Deere employees and customers to assist service members in transitioning to civilian life through mentorship and career planning programs. John Deere has a long history of supporting the military, dating back to World Wars I and II.
The sponsorship will fund several USO initiatives, including the USO Campaign to Connect, Transition Assistance, Mentorship Program, and local USO activities. These programs will offer support and career opportunities to military personnel and their families, reinforcing John Deere's commitment to the well-being of America's service members.
John Deere Foundation is partnering with the University of Iowa (UI) and Davenport Community School District (DCSD) to create the John Deere Scholars Program. This $6.6 million initiative aims to enhance access to higher education for Iowa high school students. Starting this fall, college readiness courses will be offered to seniors from low- to middle-income families at several Davenport high schools. In spring 2025, the program will award 20 scholarships annually (60 in total over three years), covering 90% of Iowa's college costs. Scholarship recipients will also receive leadership training, mentorship, field experience, and networking opportunities.
The Deere & Company Board of Directors has declared a quarterly dividend of $1.47 per share.
This dividend will be payable on August 8, 2024, to stockholders who are recorded as of June 28, 2024.
This announcement is a continuation of the company's commitment to returning value to its shareholders.
Deere & Company (NYSE: DE) reported a net income of $2.370 billion for the second quarter of 2024, down from $2.860 billion in the same period in 2023. Earnings per share fell to $8.53 from $9.65. For the first six months, net income was $4.121 billion, a 14% decrease from last year's $4.819 billion. Revenues for the second quarter declined 12% to $15.235 billion, while six-month revenues fell 9% to $27.420 billion. The company forecasts a full-year net income of approximately $7.0 billion, adjusting for market volatility in agriculture and turf demand. Construction remains stable. Financial services income grew significantly, overcoming higher credit losses and unfavorable financing spreads.
John Deere (NYSE: DE) has been named to The Civic 50 for the third consecutive year, recognizing the company's extensive community engagement and volunteerism efforts. In 2023, John Deere set new records by contributing $74.5 million to nonprofit organizations and volunteering over 260,000 hours. The company also announced three multi-year grants totaling $19 million to combat hunger and mentored over 113,000 students through its Inspire School program. This achievement highlights John Deere's commitment to social impact and civic engagement, earning them a gold medal for ranking second overall in community investment.
Deere & Company (NYSE: DE) will hold its second quarter 2024 earnings call on May 16, 2024, at 9:00 a.m. central time. The company will discuss its financial and operating performance with analysts and investors. Deere is a global leader in agriculture and construction technology.
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