Welcome to our dedicated page for Deere & news (Ticker: DE), a resource for investors and traders seeking the latest updates and insights on Deere & stock.
Deere & Company reports recurring business updates on agricultural equipment, construction and forestry machinery, turf and utility equipment, and John Deere Financial. Company news commonly covers earnings releases, earnings-call schedules, segment demand, shipments, order books, and financial-services activity tied to retail customer and dealer financing.
Other Deere updates include dividend declarations, board and senior leadership changes, material agreements, brand partnerships, and technology collaboration programs. Product and innovation themes often involve precision agriculture, automation, advanced sensing, analytics, telematics, robotics, and digital tools for agriculture, construction, roadbuilding, grounds care, and related equipment markets.
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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.