Earnings ImpactNet sales decreased by 22% in 2Q, mainly due to a drop in AG division and partially offset by the industrial business.
Market ConditionsThe industry is softening further, particularly in the AG market, and is expected to continue amid lower farm incomes, high dealer stocks and lower volumes.
Sales PerformanceSales dip by 22% amid challenging conditions in both AG and Industrial segments, driven by macroeconomic deterioration in Europe.