Welcome to Deere & Company Q3 2024 Earnings Conference Call
Company Participants:
Josh Beal – Director of IR
Josh Rohleder – Manager of Investor Communications
John May – Chief Executive Officer
Luke Gakstatter – SVP Ag and Turf Sales & Marketing for Americas & Australia
Josh Jepsen – CFO
Conference Call Participants:
Jamie Cook – Truist Securities
Angel Castillo – Morgan Stanley
Tami Zakaria – JPMorgan
Jerry Revich – Goldman Sachs
David Raso – Evercore ISI
Kristen Owen – Oppenheimer
Joel Jackson – BMO Capital Markets
Mig Dobre – Baird
Chad Dillard – Bernstein
Operator:
Good morning, and welcome to Deere & Company Third Quarter Earnings Conference Call. Your lines have been placed on listen-only mode, until the question-and-answer session of today’s conference.
Deere & Company, known for its iconic green and yellow farm equipment, reported its third-quarter earnings for 2024 on August 15th. The conference call provided insights from key company executives including CEO John May and CFO Josh Jepsen. The company discussed financial performance, strategic initiatives, and market outlook among other topics.
During the call, John May highlighted the strong sales growth in the Ag and Turf division, particularly in the Americas and Australia regions. Luke Gakstatter, SVP of Sales & Marketing, shared details on the successful marketing strategies that contributed to this growth. Josh Jepsen discussed the financial results and outlined the company’s plans for future investments and cost management.
Several analysts from top investment firms participated in the conference call, asking questions about Deere’s performance, competition, and potential risks in the market. Overall, the tone of the call was optimistic, reflecting the company’s confidence in its business operations and growth prospects.
How will this affect me?
As a potential investor or stakeholder in Deere & Company, the information shared in the conference call can help you make informed decisions about your involvement with the company. Understanding the financial performance and strategic direction of Deere can guide your investment choices and provide insights into the company’s future prospects.
How will this affect the world?
Deere & Company is a major player in the agricultural industry, providing equipment and technologies that drive global food production. The company’s performance and strategic decisions can have ripple effects on the agricultural sector, influencing productivity, innovation, and sustainability practices worldwide. Keeping tabs on Deere’s earnings and market outlook can offer valuable insights into the broader trends shaping the global agricultural landscape.
Conclusion
The Q3 2024 Earnings Conference Call by Deere & Company provided a comprehensive overview of the company’s financial performance and strategic priorities. With strong sales growth in key markets and a focus on innovation, Deere appears well-positioned for continued success in the agricultural industry. Investors and industry observers can glean valuable insights from the call to make informed decisions and stay abreast of developments in the global agricultural sector.
