Earnings And MarginsDeere will deliver considerably higher margins and earnings than in prior cycles, adding fuel to the normal cyclical multiple expansion on trough fundamentals.
Inventory And Production ManagementInventory has also returned to targeted levels across most product lines in Brazil, with consolidated production expected to be largely in line with retail demand in 2025.
Investor SentimentInvestor reaction to the softer-than-expected F2025 guide has been positive, particularly commentary that at some point in FH2/25, performance could be flattish or possibly positive.