"Opportunities are greater in front of us” Josh Jepsen & Josh Beal Recap Q2 Earnings
Josh Jepsen, senior vice president & chief financial officer, John Deere, describes Q2 as a solid execution led by production & precision ag and construction and forestry as well as continued execution by the company. Jepsen explains how, “We’re bringing in sales, some of that driven by softening markets, some of it driven by the proactive production and inventory management.”
Deere has also been investing in record levels of research and development which means iterating more quickly than before and bringing those solutions to the market, so customers see more value from utilization in their operations.
Josh Beal, director, investor relations, John Deere, summarizes the quarter’s results, “It’s an exciting time. We’re responding proactively to what we’re seeing in the market, but also investing for the future.”