CLAIM #19977 · DE (DE) · 2024Q1 earnings call · Feb 15, 2024 · due Oct 31, 2024
“PPA, though, it's a little bit of a different story. That's a little bit more back half loaded. Q3, Q4, I think where you'll see more of the reduction coming out of the PPA segment.”
Josh Beal · IR/Director
In context
“able to quickly adapt those products and solutions, now that we have this connectivity in markets like Brazil, and we're really excited about it. Thanks for your question. Operator: Our next question will come from Nicole DeBlase with Deutsche Bank. Nicole DeBlase: Just wanted to ask about particularly within production and precision ag, any help that you guys can give on quarterly cadence from here of both revenue and margins? Like is that underproduction more focused in the second half? Are you guys really going after that in the second quarter? That would be really helpful. Josh Beal: Yes. Great. Thanks, Nicole. I mean, I think as you look at overall equipment operations, we'd expect Q2 to be down relatively more than the down for the rest of the year, although pretty, pretty close. PPA, though, it's a little bit of a different story. That's a little bit more back half loaded. Q3, Q4, I think where you'll see more of the reduction coming out of the PPA segment. Josh Jepsen: Yes, Nicole, I think from a seasonality perspective, I think '24 looks a lot like '23, a more normal distribution in terms of quarterly splits. So expecting the strongest top line margin in 2Q would remain. So not a significant change from a seasonal split perspective in terms of how the business looks. Operator: Our next question comes from Steve Volkmann with Jefferies. Stephen Volkmann: I wanted to go back to the ideas around the sort of decremental margins here because Josh Jepsen, I think you said that you were sort of looking to prioritize reduced volatility, but obviously, these decrementals early in the downturn look pretty big, I think, relative to what we were expecting. So can you just talk about, update us on what normal decrementals should be as we think thr”
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SEC filings for DE ↗ · Claim quote is verbatim from the 2024Q1 earnings call.