AI English summary of an SEC filing — figures as filed
Deere DEDeere said its net income for the Q4 quarter of fiscal 2025 fell 14% from $1.245 billion a year earlier, to $1.065 billion ($3.93 per share). It said full-year net income attributable to Deere & Company was $5.027 billion, down 29% from $7.100 billion in fiscal 2024.
Key points
AI summaryDeere said its net income for the Q4 quarter of fiscal 2025 fell 14% from $1.245 billion a year earlier, to $1.065 billion ($3.93 per share). It said full-year net income attributable to Deere & Company was $5.027 billion, down 29% from $7.100 billion in fiscal 2024.
The company reported operating profit for Q4 of $604 million for Production & Precision Agriculture (operating margin of 12.7%), $25 million for Small Agriculture & Turf (1.0%), and $348 million for Construction & Forestry (10.3%). It said Small Agriculture & Turf operating profit fell 89% from $234 million a year earlier.
The company said it increased its accrued losses for unresolved legal matters in a consolidated multidistrict class action antitrust lawsuit by $95 million pretax ($75 million after tax) in Q4 2025. It also said it recorded a non-cash impairment charge of $61 million pretax on intangible assets of its overseas battery operations in Q3.
The company said it expects fiscal 2026 net income attributable to Deere & Company to be between $4.00 billion and $4.75 billion. It also projected that U.S. and Canada large ag industry sales would decline 15 to 20%.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.
Q4 and Full-Year Net Income
Deere said its net income for the Q4 quarter of fiscal 2025 fell 14% from $1.245 billion a year earlier, to $1.065 billion ($3.93 per share). It said full-year net income attributable to Deere & Company was $5.027 billion, down 29% from $7.100 billion in fiscal 2024.
Source · Based on the filing body and exhibits
Operating Profit and Margin by Segment for Q4
The company reported operating profit for Q4 of $604 million for Production & Precision Agriculture (operating margin of 12.7%), $25 million for Small Agriculture & Turf (1.0%), and $348 million for Construction & Forestry (10.3%). It said Small Agriculture & Turf operating profit fell 89% from $234 million a year earlier.
Source · Based on the filing body and exhibits
Special Items: Litigation Accrual and Intangible Asset Impairment
The company said it increased its accrued losses for unresolved legal matters in a consolidated multidistrict class action antitrust lawsuit by $95 million pretax ($75 million after tax) in Q4 2025. It also said it recorded a non-cash impairment charge of $61 million pretax on intangible assets of its overseas battery operations in Q3.
Source · Based on the filing body and exhibits
Company Net Income Outlook for Fiscal 2026
The company said it expects fiscal 2026 net income attributable to Deere & Company to be between $4.00 billion and $4.75 billion. It also projected that U.S. and Canada large ag industry sales would decline 15 to 20%.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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