CLAIM #20448 · DE (DE) · 2026Q2 earnings call · May 21, 2026 · due Oct 31, 2026
“So just to add on to that, know, and I think Josh has covered this already, but our pricing is much more favorable in the back half as well.”
Brent Norwood · CFO
How to check this claim
Look at: Price/cost ratio (realized pricing relative to production cost inflation), back half of fiscal year
It came true if: Price-cost ratio improves versus first half of fiscal year, as described in management commentary
Where: Management commentary on Q3/Q4 earnings calls and price realization discussion in quarterly filings
In context
“al standpoint, you know, we have seen some inflation come in. We saw some come in over the course of the quarter. As you mentioned, you know, given what is happened, you know, around the globe over the last 2 or 3 months, As we talk about back half, though, you know, recall that, you know, we are and there is a lot happening in the production cost bucket that we show you in the waterfall, but you know, we are lapping tariffs, that we started to see come in the business last year. And we are starting to lap the indirect inflation that we that we saw come in from tariffs in the back half the last year as well. So the comps become more favorable, but I would agree with you that we are seeing some high levels of inflation over the last 2 or 3 months. Hey, Mig. T. Brent Norwood: This is Brent. So just to add on to that, know, and I think Josh has covered this already, but our pricing is much more favorable in the back half as well. So as we think about price cost ratios, those do those do improve meaningfully. And I think Josh has covered the commentary on inflation quite well, but the other thing that see, particularly for our large ag factories, is a little bit of better absorption in the fourth quarter as production rates are significantly higher. And Josh noted, that is just the way the order book was built this year for a much heavier fourth quarter with respect to our large tractors. That are going to be settled here in The U.S. And so that is going to help on the overhead absorption as we move a little bit later in the year. Thanks, Mig. Analyst: Thank you. Operator: Our next question comes from Timothy Tighan from Raymond James. Your line is open. Analyst (Tim Thein): Thank you. Good morning. My question is”
Verify independently
SEC filings for DE ↗ · Claim quote is verbatim from the 2026Q2 earnings call.