“Both PPA and SAT modestly adjusted full year price realization expectations by approximately 0.5 points. Primarily reflecting slightly lower expectations for overseas markets.”

In context

“ther for us in terms of what it means for adjustments to the sales, margin, and income guides for the fiscal year? Josh Beal: Yeah. Absolutely. While the out outlook reflects a mix of tailwinds and headwinds, overall performance remains well balanced. Supporting an unchanged enterprise net income guide. All 3 business units benefited from a onetime lift from tariff refunds. Helped to offset ongoing inflationary pressures in materials and freight. As discussed, within ag, the dynamics continue to vary by segment. Within large ag, the Brazilian market is navigating elevated uncertainty, driven by higher input costs and political factors. At the same time, our small ag and turf business continues to show solid momentum. With sustained strength and underlying demand and modest growth in turf. Both PPA and SAT modestly adjusted full year price realization expectations by approximately 0.5 points. Primarily reflecting slightly lower expectations for overseas markets. Construction and forestry continues to perform well. With increased strength in end market demand, resulting in an increase in both the net sales and margin expectations for that segment. Taken altogether, these dynamics highlight the resilience and balance of our portfolio. Supporting a stable and consistent overall net income outlook for the company. Thanks, Josh. T. Brent Norwood: 1 thing I would add is that you consider the financial outlook, for the year for the rest of the year, I should say, we would expect slightly higher revenue in the back half with the fourth quarter being higher than the third quarter. In addition, we would expect to see our most favorable cost comparisons in the fourth quarter as well. Christopher Seibert: that is a good point, Brent. Thank you. Hey. 1 final”