“As Deanna talked earlier, seasonality will be a little different for large ag next year given our leaner start in Q1. We will see that typical ramp-up in the second quarter.”

In context

“next question comes from David Raso with Evercore ISI. Your line is open. David Raso: Hi, thank you. Given the full-year large ag sales guide in the first quarter implied a flat, It's implying the rest of the year down 9%. I was just curious when you think of PP and A for the rest of the year after the first quarter, are we down every quarter? And then maybe to help us with the margins for the rest of the year, any cadence you can give us on the pricing? Obviously, pricing was up. I know it was an easy comp in Brazil. But just the 1.5% for the full year, just how to think about that cadence, just so to think how we get over the hump on kind of price cost later in the year if we don't have any growth in any quarter for large ag? Thank you. Josh Jepsen: Yes. Thanks, David, for the question. As Deanna talked earlier, seasonality will be a little different for large ag next year given our leaner start in Q1. We will see that typical ramp-up in the second quarter. It actually can have a fourth quarter. That's going to be particularly strong as well. Just given some of the timing of the shipments. To your question, we would expect to be down year over year in all those quarters, just given the level of decline that we're seeing. But you see margin improved quite a bit as you get into the second quarter and we'll stay at those higher margin levels through the balance of the year. It's really an impact on Q1 given the lean production that's driving that. David, this is Justin. The other thing I'd add is, we would expect to post 1Q to kind of return to more normal seasonality. Highest net sales, highest margin in the second quarter. So a more traditional seasonality as we go from there. And then if you just step back and look at 2Q through 4Q, those ma”