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The Daily Earnings Reports Podcast is your go-to podcast for the latest corporate financial news. Every trading day, we dive deep into the earnings reports of publicly traded companies, breaking down key metrics, analyzing market reactions, and offering expert insights. Stay informed, make informed investment decisions, and gain a competitive edge in the dynamic world of finance.
Episodes
Saturday Nov 23, 2024
Saturday Nov 23, 2024
Key Highlights:
- Solid Execution: Deere achieved strong results across the business cycle by adjusting operations to align with the current environment.
- Earnings Decline: Net income for 4Q 2024 was $1.245 billion, down 47% from $2.369 billion in 4Q 2023. Full-year net income was $7.100 billion, down 30% from $10.166 billion in fiscal 2023.
- Revenue Decrease: Worldwide net sales and revenues decreased 28% to $11.143 billion for 4Q 2024 and decreased 16% to $51.716 billion for the full year.
- Proactive Adjustments: The company proactively adjusted its business operations to better align with the current environment.
- Structural Improvements: Deere's structural improvements made over the past several years enable it to serve customers effectively and achieve strong results across the business cycle.
- Commitment to Investments: Deere remains committed to making investments that enhance customer productivity and profitability.
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