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Deere Lowers 2024 Outlook, Now Expects Net Income Of ~$7B (Prior $7.50B - $7.75B)

Author: Benzinga Newsdesk | May 16, 2024 06:12am

Company Outlook & Summary

Net income attributable to Deere & Company for fiscal 2024 is forecasted to be approximately $7.0 billion.

“We are proactively managing our production and inventory levels to adapt to demand changes and position the business for the future,” May explained. “Despite market conditions, we are committed to our strategy and are actively investing in and deploying innovative technologies, products, and solutions to ensure our customers' success.”

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