Agriculture SalesAgriculture sales were the clear negative to start FY25 with a decrease of 25%.
Financial PerformanceThe FY'25 guidance cut reflects softness on all fronts: weaker end markets, higher raw material costs, and a market that is not receptive to cost-based price increases.
Market ChallengesIncremental headwinds are emerging for WMS, including material cost pressures and a more challenged end market backdrop.