Strong ag margins highlight continued value delivery amid market fluctuations.Global ag fundamentals are expected to remain weak as construction moderates.Full-year net income forecast unchanged despite challenging environment.MOLINE, Ill., Aug. 15, 2024 /PRNewswire/ -- Deere & Company reported net income of $1.734 billion for the third quarter ended July 28, 2024, or $6.29 per share, compared with net income of $2.978 billion, or $10.20 per share, for the quarter ended July 30, 2023. For the first nine mon ...

财务业绩 - 约翰迪尔第三季度净利润为17.34亿美元，同比下降42%[3] - 公司第三季度实现总营收40,572百万美元，同比下降11.5%[36] - 第三季度净利润为2,978百万美元，同比下降42%[36] - 第三季度各业务板块营业利润均同比下降，其中生产与精密农业下降35%、小型农业与园林下降32%、建筑与林业下降37%、金融服务下降33%[33] - 公司第三季度每股收益为6.29美元，同比下降40.1%[37] - 公司2022年全年营业收入为1.75万亿美元，同比增长6%[73] - 公司2022年全年净利润为1,754亿美元，同比增长4%[73] - 公司2022年第四季度营业收入为4,934亿美元，同比增长6%[71] - 公司2022年第四季度净利润为1,879亿美元，同比增长14%[71] 业务表现 - 生产和精准农业业务第三季度销售额下降25%，营业利润下降35%[9,10] - 小型农业和园艺业务第三季度销售额下降18%，营业利润下降32%[13,14] - 建筑与林业业务第三季度销售额下降13%，营业利润下降37%[17,18] - 金融服务业务第三季度净利润下降29%[19] - 2024财年约翰迪尔各业务板块销售额预计下降10%-25%不等[26] - 2024财年金融服务业务净利润预计约7.2亿美元[27] 现金流和资产负债 - 公司第三季度经营活动产生的现金流为41.39亿美元，同比增加42.8%[45] - 公司第三季度资产总额为1,078.41亿美元，较上年同期增加4.3%[40] - 公司第三季度短期借款和长期借款合计为580.55亿美元，较上年同期增加5.1%[41] - 公司第三季度股东权益为230.65亿美元，较上年同期增加0.1%[42] - 公司总资产为1,078.41亿美元，较上年同期增加3.6%[69] - 现金及现金等价物为70.04亿美元，较上年同期下降6.1%[69] - 应收账款及票据净额为74.69亿美元，较上年同期下降3.5%[69] - 融资应收款净额为438.96亿美元，较上年同期增加0.5%[69] - 存货为76.96亿美元，较上年同期下降5.7%[69] - 总负债为846.92亿美元，较上年同期增加3.0%[69] - 短期借款为152.94亿美元，较上年同期下降15.0%[69] - 长期借款为426.92亿美元，较上年同期增加10.9%[69] - 归属于Deere & Company股东权益为230.62亿美元，较上年同期增加5.9%[69] - 经营活动产生的现金流入为55.23亿美元，较上年同期下降29.2%[70] - 公司2022年第四季度销售相关应收账款减少2,552亿美元[71] - 公司2022年第四季度存货减少157亿美元[71] - 公司2022年第四季度应付账款及应计费用减少303亿美元[71] - 公司2022年第四季度经营活动产生的现金流为1,496亿美元[71] - 公司2022年第四季度投资活动使用的现金流为9,444亿美元[71] - 公司2022年第四季度筹资活动产生的现金流为8,615亿美元[71] 未来业绩预测 - 约翰迪尔2024财年全年净利润预计约70亿美元[4] - 2024财年约翰迪尔各业务板块销售额预计下降10%-25%不等[26] - 2024财年金融服务业务净利润预计约7.2亿美元[27] 特殊项目 - 公司实施了员工分离计划,主要针对公司内部重复和冗余的角色和职责,预计全年可实现约2.3亿美元的税前节省,其中2024年可实现1亿美元[54] - 公司第三季度实施了员工分离计划,共计计提1.24亿美元的费用,其中计入营业利润1.2亿美元,计入非营业利润400万美元[52] - 公司在2023年第三季度录得2.43亿美元的所得税准备金减少和4700万美元的利息收入,这是由于巴西最高法院发布的有利税收裁决[56] - 公司在2023年第二季度更正了向John Deere经销商提供的融资优惠的会计处理,影响了费用确认的时间和在合并财务报表中的列报,累计影响1.73亿美元税前(1.35亿美元税后)[56] - 2024年第三季度和2023年第三季度的特殊项目对营业利润的影响总计为1.35亿美元[57][58][59] - 2024年第三季度和2023年第三季度的特殊项目主要包括员工分离计划费用和BJD资产重新计量损失[57][58][59] 业务调整 - 公司董事会批准出售其全资子公司Banco John Deere S.A.(BJD)50%的股权，以减少在巴西市场的增量风险[55] - 公司与巴西银行Banco Bradesco S.A.达成协议，投资并成为BJD的50%股东[55]

Deere & Company DE is set to release earnings results for its third quarter, before the opening bell on Aug. 15, 2024.Analysts expect the Moline, Illinois-based company to report quarterly earnings at $5.69 per share, down from $10.2 per share in the year-ago period. Deere is expected to report quarterly revenue of $10.93 billion for the quarter, according to data from Benzinga Pro.On May 16, Deere reported second-quarter 2024 results and lowered its net income 2024 outlook. The company's net sales and reve ...

Deere & Company (DE) is anticipated to register year-over-year declines in both top and bottom lines when it reports third-quarter fiscal 2024 results on Aug 15, before the opening bell.The Zacks Consensus Estimate for the quarter has moved down over the past 30 days to $5.80 per share. The consensus mark implies a 43% plunge from the year-ago actual. The Zacks Consensus Estimate for revenues is pegged at $11.02 billion, suggesting a 22.9% year-over-year decline.  Image Source: Zacks Investment Research Sol ...

Bundit Minramun/iStock Editorial via Getty Images After an exceedingly strong performance in 2020 and 2021, Deere & Company's (NYSE:DE) stock has been on a bumpy ride over the last few years. While the company benefitted greatly as a result of the pandemic boom for its core tractor, combine, and utility vehicle products, it's clear in hindsight that a good deal of demand was pulled forward due to Covid. DE's results in 2022, 2023 and 2024 (so far) haven't been bad, they haven't been earth shattering eit ...

The upcoming report from Deere (DE) is expected to reveal quarterly earnings of $5.80 per share, indicating a decline of 43.1% compared to the year-ago period. Analysts forecast revenues of $11.02 billion, representing a decrease of 22.9% year over year.Over the last 30 days, there has been an upward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this ...

jetcityimage/iStock Editorial via Getty Images Introduction Deere (NYSE:DE) is an American brand that specializes in heavy equipment and machinery, particularly for the agriculture sector, but also for the construction and forestry sectors. Think mega tractors, combines, and mowers for industry, but also retail products for landscaping, golf turf, and lawn and garden products. As the go-to market leader in the agricultural industry and a major player in the construction industry, the company has been in ...

The market expects Deere (DE) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended July 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 1 ...

Deere (DE) closed at $346.06 in the latest trading session, marking a +0.35% move from the prior day. The stock's change was less than the S&P 500's daily gain of 1.04%. Meanwhile, the Dow experienced a rise of 0.76%, and the technology-dominated Nasdaq saw an increase of 1.03%.The the stock of agricultural equipment manufacturer has fallen by 2.86% in the past month, lagging the Industrial Products sector's loss of 1.33% and overreaching the S&P 500's loss of 6.74%.The investment community will be paying c ...

文章核心观点 - 2024年第二季度财报季即将到来,科技行业预计将表现强劲 [1] - 三家公司Home Depot、Walmart和Deere & Co.将在下周发布财报 [2] Home Depot - 公司股价在2024年上涨2%,但表现低于标普500指数 [3] - 预计本季度每股收益将下降1.3%至4.59美元 [3] - 公司同店销售下降2.8%,可能导致财报后股价下跌 [4] - 公司重申了全年指引,表示产品组合将带来利益 [4] - 公司大件商品销售疲软,这一趋势持续多个季度 [5] - 预计公司销售将下降0.8%,估值倍数较高 [6] Walmart - 公司股价在2024年有不错的表现,得益于良好的财报 [7] - 最新一季度利润同比增长22%,销售增长6% [7] - 分析师预计本季度每股收益将同比增长6.5%至0.65美元,销售额将达1684亿美元 [8] - 公司电商业务表现出色,全球电商销售同比增长21% [9][10] Deere & Co. - 公司股价在2024年下跌约11%,大幅低于标普500指数 [11] - 最新一季度销售下降12%,受到全球农业和园艺需求疲软的影响 [12] - 分析师预计本季度每股收益将同比下降超过15%至5.85美元 [13][14] - 公司CEO表示,公司正在展现更高的业绩水平,受益于建筑行业的稳定 [16]