迪爾公司（NYSE:DE）報告稱，2025年第一季度淨銷售額和收入同比下降30%，至85.1億美元，但高於市場預期的77億美元。 本季度淨銷售額爲68.09億美元，而2024年爲104.86億美元。迪爾公司每股收益爲3.19美元，低於去年同期的6.23美元，但高於市場預期的3.14美元。 生產與精準農業淨銷售額同比下降37%至30.67億美元，小型農業與草坪淨銷售額下降28%至17.48億美元，建築與林業收入下降38%至19.94億美元，原因是出貨量下降。 金融服務收入同比增長7%至14.7億美元。金融服務淨收入從去年同期的2.07億美元增加到2.3億美元，原因是Banco John Deere S.A.資產的估值減免較低。 總運營利潤同比下降63.4%至7.93億美元，利潤率大幅下降至9.3%。各部門運營利潤率爲：生產與精準農業11%，低於去年的21.6%；小型農業與草坪7.1%，低於去年的13.4%；建築與林業3.3%，低於去年的17.6%。 截至1月26日，迪爾公司持有78億美元的現金及等價物。第一季度來自運營活動的淨現金流爲負11.32億美元，去年同期爲負9.08億美元。 迪爾公司董事會主席兼首席執行官John C. May表示：“迪爾公司在第一季度的表現突顯了我們在客戶面臨不確定的市場條件下繼續優化新舊設備庫存水平的重點。” 2025年指導意見：迪爾公司重申2025財年淨收入在50億至55億美元之間。 迪爾公司預計各部門銷售額將下降：生產與精準農業預計下降15%至20%，小型農業與草坪大約下降10%，建築與林業預計下降10%至15%。金融服務淨收入預計約爲7.5億美元。 股價走勢：截至週四最後一次檢查，迪爾公司股價在盤前交易中下跌4.52%，至455.00美元。 圖片來自Shutterstock。

以上內容來自Benzinga Earnings專欄，原文如下：

Deere & Co (NYSE:DE) reported a first-quarter 2025 net sales and revenue decline of 30% year-over-year to $8.51 billion, beating the consensus of $7.70 billion.

Net sales were $6.809 billion for the quarter, compared with $10.486 billion in 2024. Deere clocked an EPS of $3.19, down from $6.23 in the prior year, beating the consensus of $3.14.

Production & Precision Agriculture net sales declined 37% YoY to $3.067 billion, Small Agriculture & Turf net sales fell 28% to $1.748 billion, and Construction & Forestry revenue declined 38% to $1.994 billion due to lower shipment volumes.

Financial services revenues grew 7% year over year to $1.470 billion. Financial services net income increased to $230 million from $207 million a year ago, aided by a lower valuation allowance on Banco John Deere S.A. assets.

Total operating profit fell 63.4% YoY to $793 million, and margin contracted sharply to 9.3%. Segment operating margins: Production & Precision Agriculture 11%, down YoY from 21.6%; Small Agriculture & Turf 7.1%, down YoY from 13.4%; Construction & Forestry 3.3%, down YoY from 17.6%.

As of January 26, Deere held $7.8 billion in cash and equivalents. DE’s net cash used in operating activities for the quarter totaled $1.132 billion, compared to $908 million a year ago.

“Deere’s performance in the first quarter highlights our continued focus on optimizing inventory levels of both new and used equipment amidst the uncertain market conditions our customers are facing,” stated John C. May, chairman and chief executive officer.

Guidance 2025: Deere reaffirms fiscal 2025 net income to be between $5.0 billion and $5.5 billion.

Deere expects sales decline across segments: Production & Precision is expected to drop by 15% – 20%, Small Ag & Turf by ~10%, and Construction & Forestry by 10% – 15%. Financial Services net income is expected to be ~$750 million.

Price Action: DE shares traded lower by 4.52% at $455.00 premarket at the last check Thursday.

Photo via Shutterstock.