John Deere Q4 FY2025 Earnings Call
With Chris Seibert (Manager of Investor Communications), Deanna Kovar (President of Worldwide Agriculture and Turf Division), Josh Jepsen (CFO) and 1 more.
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1Prepared remarks3 speakers
Hello. Welcome and thank you for joining us on today's call. A happy early Thanksgiving for those of you celebrating tomorrow. Joining me on the call today are John May, Chairman and Chief Executive Officer; Josh Jepsen, Chief Financial Officer; Deanna Kovar, President, Worldwide Agriculture and Turf Division, Production and Precision Ag, Americas and Australia; and Chris Seibert, Manager, Investor Communications. Today we'll take a closer look at Deere's Fourth Quarter Earnings, then spend some time talking about…
Thank you, Josh. Good morning to everyone joining us today. John Deere's fiscal 2025 results for the fourth quarter and for the full year reflect the resilience of our business amidst a challenging and uncertain market backdrop. In the fourth quarter, the equipment operations delivered 9.2% margins. Full-year operating margins came in at 12.6%, and we delivered over $5 billion in net income, financial performance that represents our best results yet at this point in the cycle. Our teams continue to manage this…
Thanks, Chris. 2025 marked a year of significant challenges and uncertainty, but it also reflected the resilience and strength of the Deere Organization as we continue to demonstrate structurally higher performance levels while making substantial progress on our smart industrial journey. Despite the uncertainty, we delivered over $5 billion in net income, and we achieved equipment operations OROS of 12.6%, which included about a point and a half impact from tariffs. It's notable that these income and margin levels…