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00:02Deere and company reported fourth quarter earnings of $3.93 per share on $12.39 billion
00:08in sales, beating expectations, according to Benzinga. Chairman and CEO John Mays said Deere
00:15delivered its strongest results for this stage of the cycle because structural improvements
00:19and a diverse customer base helped the company navigate a challenging year.
00:23Mays said 2026 will likely be the low point for large agriculture. However, disciplined inventory
00:29and cost control, along with expected growth in small agriculture and construction, will
00:34help Deere manage pressures and capitalize on a recovering market. Deere expects fiscal
00:392026 net income to fall to $4.0 billion to $4.75 billion and projects operating cash flow
00:47of $4.0 billion to $5.0 billion. Deere expects large agriculture equipment sales in the U.S.
00:54in Canada to drop 15% to 20% in 2026, while small agriculture, turf, and construction equipment
01:01demand is projected to be flat to up 5%. For all things money, visit Benzinga.com.
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