Improved Farmer Sentiment
Positive sentiment among farmers due to supportive government, with corn prices over 15% higher than the previous year, indicating potential for increased farm income and investment.
Brazil Market Growth
Encouraging demand and activity in Brazil, with expectations for increased sales in both OE and aftermarket channels.
Aftermarket Business Stability
Strong performance in the aftermarket segment across all divisions, contributing to a steadier business model during cyclical downturns.
Successful Integration of CarlStar
CarlStar acquisition has expanded product offerings and improved synergy, particularly in the consumer segment.
Strong Cash Flow Management
Maintained strong cash flow and integrated a large acquisition successfully, with a focus on debt reduction in 2025.