Key Metrics
14.28
Heat Index-
Impact LevelMedium
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Scope LevelNational
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Last Update2025-08-14
Key Impacts
Negative Impacts (7)
Event Overview
Agricultural equipment manufacturer Deere faces reduced profitability amid U.S. tariff policies eroding margins on farm machinery. The decline in earnings and revenue reflects systemic risks for industries exposed to trade policy volatility, signaling potential challenges for agribusinesses navigating protectionist economic environments.
Collect Records
Deere Cuts Outlook as Third-Quarter Profit and Revenue Fall
Deere & Co. reported a decline in third-quarter profit and revenue, attributing the fall to U.S. tariffs that reduced margins on its farm equipment. The net income for the third quarter was $1.29 billion, or $4.75 per share, compared to $1.73 billion, or $6.29 per share, in the same period the previous year. Analysts had expected a profit of $4.63 per share, according to LSEG data. The company's net sales fell about 9% to $10.36 billion from a year ago, which was slightly above analysts' estimates of $10.31 billion. Quarterly sales overall fell about 9% to $12.02 billion from a year ago. Deere also reduced the higher end of its annual profit forecast to $5.25 billion from $5.50 billion, while keeping the lower end at $4.75 billion.