
Financial Performance - Q4 2024 - Consolidated Revenues were $4.9 billion, a decrease of 28% year-over-year[8] - Industrial Activities Net Sales reached $4.1 billion, down 31% year-over-year[8] - Adjusted EBIT for Industrial Activities was $194 million, a 71% decrease compared to Q4 2023[8] - Net Income amounted to $176 million, representing a 70% decline year-over-year[8] - Adjusted Diluted EPS was $0.15, a decrease of $0.24 compared to Q4 2023[8] Financial Performance - FY 2024 - Consolidated Revenues totaled $19.8 billion, a 20% decrease year-over-year[11] - Industrial Activities Net Sales were $17.1 billion, down 23% compared to FY 2023[11] - Adjusted EBIT for Industrial Activities was $1.4 billion, a 47% decrease year-over-year[11] - Net Income reached $1.3 billion, representing a 45% decline compared to the previous year[11] - Adjusted Diluted EPS was $1.05, a decrease of $0.58 compared to FY 2023[11] Key Achievements & Outlook - Dealer inventory reduced by over $700 million[6] - The company anticipates net sales for Industrial Activities to decrease by 17%-12% year-over-year in 2025[37]