John Deere worldwide sales fall 12% in the second quarter of 2024

Deere & Company reported net income of US$2,370 billion for the second quarter ended April 28, 2024. The value represents US$8,53 per share. In the same period last year, net income was US$2,860 billion, or US$9,65 per share. In the first six months of the year, net profit attributable to the company was US$4,121 billion, or US$14,74 per share. In the same period last year, the value was US$4,819 billion, or US$16,18 per share.

Worldwide net sales and revenues fell 12% in the second quarter of 2024, totaling US$15,235 billion. In the first six months, the drop was 9%, reaching US$ 27,420 billion. Net sales were US$13,610 billion in the quarter and US$24,097 billion in the semester, compared to US$16,079 billion and US$27,481 billion in the previous year.

“John Deere’s second quarter results were notable in light of the ongoing changes in the global agricultural industry,” said John C. May, president and CEO of Deere & Company.