Deere & Co. reported its first-quarter earnings for 2025, with earnings per share (EPS) at $3.19, surpassing the expected $3.11. Revenue reached $8.508 billion, exceeding the anticipated $7.7 billion. Despite these beats, the company faced a challenging environment, with net income dropping to $869 million, a 50% decrease year-over-year. Worldwide net sales and revenues decreased by 30%, with net sales at $6.809 billion for the quarter. Deere's performance was impacted by muted farm equipment demand, leading to a 35% drop in quarterly revenue. The company also forecasted a full-year net income between $5.0 billion and $5.5 billion for 2025. John C. May, chairman and CEO, highlighted the company's focus on optimizing inventory levels amidst uncertain market conditions. Additionally, Deere noted a 10% decrease in Small Ag & Turf sales and provided an industry outlook. The company's profit margin was reported at -5.7%. Deere's stock experienced a decline of nearly 5% in premarket trading following the earnings report, reflecting investor concerns over the challenging economic environment and the company's guidance for declining sales in the future, including in the Construction & Forestry sector.