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How Much John Deere Says Tariffs Could Cost the Company This Year
Deere forecasts $600 million in tariff expenses for fiscal 2025, leading to a lowered net income outlook despite surpassing earnings and revenue estimates, company reports.
- On Aug. 14, Deere's John Beal said forecasts show tariffs reaching nearly $600 million for fiscal 2025, with $200 million in the quarter and $300 million year-to-date.
- John Beal noted during the earnings call on Thursday that Deere's operating profits declined in the third quarter due to higher tariffs and production costs, with tariff costs forecast at $600 million for 2025.
- Data show Wall Street analysts saw EPS of $4.75 billion versus $4.63 billion expected and revenue of $10.36 billion surpassing $10.31 billion for the quarter ending July 24.
- Investors reacted as shares sank roughly 7% in midday trading, and Deere trimmed its net income outlook to $4.75 billion–$5.5 billion for fiscal 2025.
- Reed said there are positive tailwinds from trade deals and tax policy, with Deere noting growing demand in Europe and South America.
14 Articles
14 Articles
How much John Deere says tariffs could cost the company this year
John Deere warned that tariffs could cost the company $600 million this year.In an earnings call on Thursday, the iconic agriculture brand revealed it has already attributed $300 million worth of costs to tariffs for 2025.CNBC reported that the company beat on the top and bottom lines for it's third quarter earnings, but had a significant year-over-year decrease in net income and sales that resulted in a 7% in its share price on Thursday.We rema…
John Deere says tariffs could cost the company $600 million this year
John Deere warned that tariffs could cost the company $600 million this year.In an earnings call on Thursday, the iconic agriculture brand revealed it has already attributed $300 million worth of costs to tariffs for 2025.CNBC reported that the company beat on the top and bottom lines for it's third quarter earnings, but had a significant year-over-year decrease in net income and sales that resulted in a 7% in its share price on Thursday.We rema…
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