Deere posts top- and bottom-line beats as tariff refunds aid profit
Deere continues to benefit from the AI-related boom in construction, while tariff refunds contributed to profit growth and management still says 2026 will be the bottom of the ag cycle.
DE Deere continues to benefit from the AI-related boom in construction, helping offset a long period of weak demand for its farm Equipment.
Top- and bottom-line beats, including its first quarter of positive earnings-per-share (EPS) growth since 2023.
Tariff refunds contributed to the profit growth, though not all of it.
Management still believes 2026 will be the bottom of the Ag Cycle.
Shares are up 2% premarket. - per Cramer Investing Club Newsletter