In today’s briefing:
- Jacobs Solutions Unveils Bold Fiscal ’25 Outlook: Profit Growth That’s Hard to Ignore! – Major Drivers
- Deere & Company: Precision Agriculture Expansion As A Pivotal Growth Lever! – Major Drivers
Jacobs Solutions Unveils Bold Fiscal ’25 Outlook: Profit Growth That’s Hard to Ignore! – Major Drivers
- Jacobs Solutions recently concluded its fourth quarter and fiscal year 2024 with a focus on a strategic shift towards a more streamlined operation centered on higher value and higher-margin portfolios.
- The company completed the separation transaction of its Critical Mission Solutions (CMS) and Cyber & Intelligence businesses.
- This resulted in a cash inflow of $911 million, which was used to repay existing debt, alongside acquiring a 7.5% equity stake in Amentum, which could increase to 8%.
Deere & Company: Precision Agriculture Expansion As A Pivotal Growth Lever! – Major Drivers
- Deere & Company delivered a fourth quarter and full-year performance for fiscal 2024 in a context of declining sales and tough market conditions.
- The company reported net sales and revenues down 16% for the year to $51.7 billion, with equipment operations showing a sharper decline of 19%.
- Net income attributable to Deere stood at $7.1 billion, reflecting a challenging market impacted by lower agricultural demand globally.
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