Wedoany.com Report-Aug. 20, Deere & Co., a U.S.-based agricultural machinery manufacturer, announced its third quarter fiscal 2025 results, reporting a 9% revenue decline to $12.02 billion (€10.29 billion) and a 25% drop in profit to $1.29 billion (€1.10 billion). The results reflect broader market trends impacting equipment manufacturers.

The company experienced steeper revenue declines in the first two quarters, with decreases of 30% and 16%, respectively. For the first nine months of the fiscal year, total sales reached $33.29 billion (€28.50 billion), an 18% reduction compared to the previous year. These figures highlight a challenging period for the agricultural equipment sector.

“Deere & Co. adjusted production volumes in line with demand to respond more quickly to market changes,” a company spokesperson stated. The decline in revenue and profit stems from reduced farmer spending on new equipment, a trend affecting the broader agricultural machinery industry. This shift in purchasing behavior has prompted Deere & Co. to adapt its operations to align with current market conditions.

The company’s proactive measures focus on maintaining operational efficiency while addressing the lower demand for equipment. By adjusting production levels, Deere & Co. aims to remain agile in responding to evolving market needs, ensuring stability for its operations and stakeholders.

Despite the financial downturn, Deere & Co. continues to prioritize innovation and quality in its product offerings, supporting farmers globally with advanced machinery solutions. The company’s efforts to navigate these market challenges underscore its commitment to long-term sustainability and resilience in the agricultural sector.