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our fleet While replenishment remain levels, books representative order normalized is at volumes. moderating, of healthy
quarter across levels first in cycle. that points us improvements the business higher profitability of to enabling our performance the deliver all we've business Notably, demonstrates structural achieved,
X results the and revenues diluted billion Deere down & quarter. $X.XXX per $XX.XXX Slide sales Net the billion, or first equipment $X.XX begins attributable to income the X% billion. operations while down with for was $XX.XXX were sales for were X% Net net to Company share. to
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globally. industry X our markets outlook ag for Slide and turf gives
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while ag the expected remain will by challenges. after ongoing drought is Argentina deliver multiple to years industry of economic strong production [ regulated ],
moderately. in sales forecasted to remain down be Asia Industry
forecast Slide Next, our to segment X. begin on
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our normalizes. is XX.X% full For as the and between margin operating XX.X%, now tempering further year reflecting the demand segment's sales forecast net
the for turf Slide X shows and forecast segment. small ag our
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operating roughly was offset with Net by shipment also for were Forestry partially favorable realization $X.XXX flat year-over-year, XX.X% translation to Currency Shifting offset production price down a and $XXX to currency just lower primarily higher and by Price These were positive point. expenses. under price Construction lower translation SA&G year-over-year on million was Slide margin, nearly volumes, at by X higher profit positive X. and Operating sales realization points. a costs, and billion, realization R&D the shipment due positive unfavorable of by quarter volumes. resulting sales mix. in X was
Construction is industry our flat flat. in compact to and are equipment Canada Slide U.S. outlook be Industry while XXXX in and now & XX. to expected X%, on earthmoving Forestry to Turning U.S. be construction for sales Canada expected the the equipment to down now
outlook of inventories to return in backdrop demand reflective better-than-expected through and optimism normal of levels. year, as the Improvements the balance dealer industry a the are stabilized more
housing improving, levels continuing spending and increase declines starts infrastructure by in further remain investments. elevated investment to manufacturing markets single-family End with offset healthy, commercial
be down Global softness markets are road Europe. be forestry to Global markets expected by roughly flat, U.S., in strong with be building offset continue forecasted to are the XX%, continued global markets to all infrastructure in as challenged. spending around
Construction for X% this currency and realization now about segment and Slide & margin sales operating year the X.X to XX%. sales between remains net Net Moving Forestry segment's points XX. are be down guidance flat XX% translation. XXXX projected and of on price XX%. outlook The includes between forecasted to positive
attributable operations offset higher by average to Transitioning to was spreads. was increase net net The was Worldwide balance, favorable Slide partially services on income in to financial XX. portfolio which $XXX quarter services a income less first in Deere million. the mainly financing our & Company financial due
outlook spreads. XXXX, year average remains fiscal offset higher less as favorable $XXX from portfolio For financing at a million, our balance benefits
As correction. a reminder, fiscal impacted was year non-repeating onetime also income accounting net XXXX by a
effective tax income, XX our outlines net guidance flow. rate for our Slide Finally, cash operating and
be to fiscal outlook now $X.X $X.XX For and for XXXX, year income expected billion. our between is billion net
our to range lastly, flow $X.X $X incorporates be XX% in the is tax Next, of billion XX%. from to and projected effective cash equipment rate the operations now guidance billion. an between And
This sharing the XXXX to before concludes formal our progressing? to your how on specific you topics we quarter, is few John, thoughts mind would comments. a shift
