Filing Flows › Deere (DE) › Q4 FY24
Deere (DE) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 12, 2024
Deere (DE) reported revenue of $11.1B for the fourth quarter fiscal 2024 (Q4 FY24), -28% from a year earlier and -15% from the quarter before. Operating margin was 13.6%, net earnings $1.2B (11.1% of revenue).
Deere, Q4 FY24: revenue $11.1B (-28% year over year), operating margin 13.6%, net earnings $1.2B, operating cash flow $5.1B. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.1B | -15% | -28% |
| Operating profit | $1.5B | -35% | -50% |
| Net earnings | $1.2B | -28% | -48% |
| Operating cash flow | $5.1B | +59% | -11% |
| Free cash flow | $4.5B | +57% | -12% |
What changed
Revenue was $11.1B in Q4 FY24, down 28% year over year and down 15% from the previous quarter. Net Sales was the largest line at 83% of revenue.
Operating profit was $1.5B, a 13.6% margin (down 6.0 points year over year). Total costs fell 22% while revenue fell 28%. Net earnings were $1.2B, down 47% year over year. The effective tax rate was 16.7%.
Operating cash flow was $5.1B (down 11% year over year), 410% of net earnings. Non-cash charges added back $0.52B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items added $3.3B. Capital expenditures of $0.60B left free cash flow of $4.5B.
Questions
What was Deere's revenue in the fourth quarter fiscal 2024?
Deere (DE) reported revenue of $11.1B for the fourth quarter fiscal 2024 (Q4 FY24), -28% from a year earlier and -15% from the quarter before.
Was Deere profitable in the fourth quarter fiscal 2024?
Operating profit was $1.5B (13.6% of revenue) and net earnings $1.2B.
Source: Deere 10-K on SEC EDGAR.