Brent. Thanks,
compared with negative the translation, and the the price realization. by X%. translation offset Price partially positive on was currency lower worldwide shipment X. by Ag while start positive by were was sales driven second & quarter last primarily quarter down in realization impact of by results volumes to Let’s currency slide XX% Turf Net year, X.X%,
effects Operating development realization, lower decrease administrative production year-over-year and of profit These XX.X% $XXX unfavorable million, was currency is foreign lower primarily operating and by partially and shipment selling, volumes, The a general lower offset expenses. in costs the expenses, reduced exchange. resulting research were along price factors margin the with division. to sales mix due for
around the on dynamics as markets, slide I'll on some outlook, Before starting the status update as operational of ag facilities provide first the reviewing an our industry X. commentary well regional impacting on our world,
operational facilities North In quarter. production supply-based to America, remained the A few disruptions. during due temporary Turf factories have all stoppages experienced the nearly Ag & second
uncertainty and remain, shipments forecast of recover any to the year. we currently the throughout risk delayed balance Although
of by early large rolling either customer schedule backed remainder business, our order orders ag For largely the our production XXXX our books. through order is or programs
order cares books crop quarter, programs tractor the while roughly are XX% Specifically, full. combines large extend for order into completed, and fourth
weather highest corn has for on at year, severely protection. North acres level running last focused rebound of progress ahead now, is while expected well acres year’s are at our crop Right American in resulted XXXX. forecasted to above progress. soybeans Favorable planning this and and since season Planted the are the spring impacted stage customers planning this of average are
agricultural as grain, likelihood remains China for in food weighed agricultural combined Phase acres, of the to harvest impact unknown for with with the tend X sentiment, uncertain. Despite levels chain in at demand of contributed have occur ethanol environment in North an on commodity around the planted this shifts on demand is decreases time, commodities near-term to carryout elevated supply since agreement season. exports the to farmer weighing China recovery remains most America the has prices. current from the which variable The Recent
wait any As in are see and taking of a approach on farmers anticipation uptick an result, a exports.
of and variables, the greater short-term crop normal. by prices. farmers and operations on such in input degrees And unknowns decline many fuel the on seen due as fertilizer costs Dairy lower hand disruption commodity prices. positive providing livestock offset Despite continued other to milk and a row as some farmers key have and to the decreased, large protein have note, and large
of segment closures in the school towards some directed year. of trends, creating remain products to challenged but shifted expect and will we offset help have producers egg this aid these effects Government consumption an the food Restaurant for oversupply recent near-term. some the
lawn and sales many spring With U.S. month April. have Regarding especially demand consumers in the such in riding Turf our and North and America, of weather in have home with as compact important remained lawnmowers resilient, utility U.S. quarantined utility projects the favorable businesses and consumer-oriented together buoyed products for seasonally tractors.
And While part we've typically it's encouraged is in outlook that overall April, situation. result, a cautious rest to by by year. of we've the a through important taken the the for economic demand as more been note demand driven
implications as strong levels further X COVID-XX, to favorable farmers margins Its for been first and America. industry. conditions have good a as expected overall investment, particularly the posted Brazilian set regions. have well from mostly dryness boosted the South agreement. a is also the as Crop real on been sharp while due solid have condition. cautious the record trade despite Brazil remained is harvested Despite to persistent U.S.-China soybean and depreciation in caused possible exports the the some to growing has in Phase Shifting profitability, second production, uncertainty crop in by Farming in crop southern stemming of for the
on Europe. Moving to
some they’ve of disruptions. running. Our ag employees safe facilities largely in amazing and large the put efforts keep experiencing in to due team both operations part is and after what short-term place This to are operational keep our
new we entirely and to actions confidence of production designed over protective the As work Furthermore, workstation return immediately and personal restructured trained thereafter. on into course the employees These procured we reopen two days to We facility, processes work. employees enhanced social protocols. an distancing were example, by our and our entirely equipment. at gave additional two split one to able shifts,
a just in maintain of region, facility to our these Within near week extraordinary in of operations its customers. was the is efforts operating many we've original establishing examples taken level productivity. where This support order processes, one to our new of
currency incomes. lower commodity the and running, softening with remain mixed. weather arable Europe in uncertainty farmers prices Arable by facilities Despite for of are farmers up our the to weaker are impacted market to adverse support uncertainty, contending mostly While with due providing some conditions conditions remain the the yields stable, pandemic. and
On pork the hand, exports restaurants, dairy changes at the to and all-time of significant schools prices China other disruption by and the Conversely, supply consumption. strong food the chain remain have the negatively closure margins sector as pressure overall and an dairy been term are experienced has in to near high. as impacted
our in closures markets, operations have late-March Asian China, varied our all February. in January and down shut sentiment country conditions Correspondingly, uncertainty. facilities with and our due are and experiencing April In capacity facilities are Southeast country Lastly, China and by today. market open of country. most after from Meanwhile, significantly moderating through in by at operating key to vary markets India, Asia Indian limited
the the of themes our value a our reviewing highlight outlook, industry connected capabilities. that and I’d reflect on observed throughout few channel Before X like dealer to quarter slide support
remained during note It’s all service overall customers. our financial quarter that important formidable We've the of competitive long to dealers operational health a ability in full our channel. advantage our our viewed industry. First, regarding as their substantially made and to
channel of stands Financially, strength trough cost when better and fleet of and last our an American serve stronger age, while to offering is channel as they COVID-related technologies new ready they Today, operations North support deliver challenges, a our advancing than overall outcomes. ag that the industry an of position lower out came work through on from starting entered. agricultural
investments capabilities of sets coupled needs able us dealers, customer apart pandemic. us made this customers serve way our consistent investment Deere's we're of throughout dealer environment service both challenging Because years, last and players. meet Deere over industry The critical that our XX by a and infrastructure in in the to combination positioned with in from investments ag precision to other the uniquely
ag ADVISOR ag Operation vehicles This rely many connectivity in building the equipped customers feed Since decade critical part that of the this enable Deere journey a like Remote, out connectivity tools long on was Features been the John precision each Center, are capabilities. with machine. and Alerts analytics standard tools all XXXX, on a and data large Remote step capabilities for comprehensive precision Deere's today. to important Expert Service Display first Access we’ve infrastructure, our and basic
Just tools our in dealer channel these resources place actively already customers. infrastructure and serve the to importantly, has to and as our utilize
and Over the service significantly technology invested departments machines. operation their they've better in customers’ and own establishing years, to centers monitor
few the two last use support centers ever The seen the than operation over We've Brazilian channel a operations. example, support of in established collective XX months. full-time XX% ag the of course connected increase our connected over data and XXX,XXX more of over monitoring years, investments For these worldwide. value totaling total customers’ tools, over our machines the the customer up year-over-year, of evident dedicated to last became with significant machines
social Europe we've For guidelines, decreased increase downtime distancing over cost seen like Brazil. and been last and practice these has some tools regions as only The operations. their Display also to allowed well such Access, encouraging XXX% Not features adoption Remote since rates of customers in year. have increase particularly they've
fronts, our recent the many us precision of while to experience. that to has challenging positioning to been to allow degrees also investments our it's organization environment differentiated for truly is us while intensify responsiveness agility a So, deliver strategy customers and our confirmed our greater reshaping on
Turf X. With slide that Ag & our context, to turn outlook let's industry on XXXX
the to Canada be down Canada. the challenging for industry uncertainty and expect and XXXX, in U.S. more in We conditions U.S. ag XX% reflecting increased sales in slightly roughly
yields and industry dairy be for Moving of for a producers. difficult to a arable X% XX%, down on result is forecasted the Europe, outlook farmers to as to lower market
combines year. adopted relatively of and Despite in have in shifts between fundamentals to XX% farmers South in ongoing economic to trade an In cautious due XX% industry uncertainty be remains Brazil, and the any to U.S. there are global projected stance uncertainty positive for down COVID-related Meanwhile, China. sales a Argentina. tractors America, and the potential
like as Asia, industry down key moderately growth India to to markets be due Shifting countrywide slow lockdowns. are to expected sales
Lastly, we've XX% quarter, of more positive second utility projected industry Despite trends equipment the and to and a sales Canada the taken in the down U.S. in outlook retail on are year. turf cautious of XXXX. rest through the be sales
XXXX Moving on to Ag & between XX% Ag points by slide worldwide Turf of forecast points. year Turf which XX%, headwind of about X be down on positive sales & X our of forecast equipment of to XX. includes are Fiscal and price offset realization, expectations currency
For the division’s operating forecast year margin, our XX%. is between X.X% ranging and full
Norwood back to like Forestry cover division. call I'd time, this Brent details At the the on over Brent? to quarter turn Construction for to &
