2025-11-07 16:30Financial Performance - Consolidated revenues decreased by 5% year-over-year to $4.4 billion[11] - Industrial Activities net sales decreased by 7% year-over-year to $3.7 billion[11] - Industrial Activities adjusted EBIT decreased by 69% year-over-year to $104 million[11] - Net income decreased by 78% year-over-year to $67 million[11] - Adjusted diluted EPS decreased by $0.16 to $0.08[11] Segment Results - Agriculture net sales decreased by 10% year-over-year to $2.963 billion[28] - Agriculture adjusted EBIT decreased by $200 million to $136 million[28] - Construction net sales increased by 8% year-over-year to $739 million[30] - Construction adjusted EBIT decreased by $26 million to $14 million[31] - Financial Services Q3 retail originations decreased by $0.2 billion year-over-year to $2.7 billion[34] - Financial Services managed portfolio decreased by $0.5 billion year-over-year to $28.5 billion[34] Outlook - Agriculture industry retail demand forecast is expected to decrease by 13%-11% year-over-year[39] - Agriculture net sales are expected to be $14.0 billion[39] - Construction industry retail demand forecast is expected to decrease by 5%-3% year-over-year[41] - Construction net sales are expected to be $3.1 billion[41]