Deere Raises Fiscal 2026 Outlook on Strong Q3 Margins

Earnings
โดย GuruFocus·US·Read original
Summary · why it matters

Deere & Co reported third-quarter net sales and revenues up 5% to $12,608 million, with equipment operations net sales up 6% to $10,999 million and an operating margin of 14.4%. Net income was $1,379 million, or $5.10 per diluted share. The company raised its fiscal 2026 net income outlook to a range of $4.75 billion to $5 billion and improved cash flow expectations to $5 billion to $5.5 billion from equipment operations. Construction & Forestry net sales rose 18% to $3,618 million, while Production & Precision Ag net sales fell 6% to $3,998 million. Direct tariff expenses are expected to be approximately $1.1 billion for fiscal 2026, with a net tariff headwind of about $750 million after refunds.

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Raises fiscal 2026 outlook and cash flow expectations on strong Q3 margins.

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