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Deere Reports 25% Drop in 3Q Production & Precision Ag Net Sales

Deer & Co. reported third quarter net income of $1.7 billion on Aug. 15. Worldwide net sales and revenues decreased 17%, to $13.2 billion, for the third quarter of 2024 and decreased 11%, to $40.6 billion, for 9 months. Net sales were $11.4 billion for the quarter and $35.5 billion for 9 months, compared with $14.3 billion and $41.8 billion last year, respectively. 

Net sales for the Production & Precision Agriculture division were $5.1 billion…

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