Providing 2025 Full-Year Financial Outlook and Key Assumptions
The Company is introducing its full-year 2025 financial outlook, including projected net sales and diluted earnings per share, and key assumptions for the year.
| Metric | 2025 Outlook |
| Net Sales | $4.0 to $4.2 billion ~(2%) to ~+3% ~(0.5%) to ~+4.5% Constant Currency1 |
| Infrastructure Net Sales | $3.02 to $3.16 billion Growth of ~+1% to ~+5.5% ~+2% to ~+6.5% Constant Currency1 |
| Agriculture Net Sales | $0.98 to $1.04 billion Decline of ~(9.5%) to ~(3.5%) ~(7%) to ~(1%) Constant Currency1 |
| Diluted Earnings per Share | $17.20 to $18.80 |
| Capital Expenditures | $140 to $160 million |
| Effective Tax Rate | ~26.0% |
Key Assumptions
- Steel cost assumptions are aligned with futures markets as of February 14, 2025.
- Based on the Company's understanding of the recently announced China tariffs, and the steel and aluminum import tariffs introduced on February 10, 2025, these direct impacts have been factored into the 2025 outlook.
- The potential timing and impact of additional U.S. import tariffs, including a proposed 25% tariff on all imports from Mexico and Canada, as well as retaliatory actions by other countries, remains unclear and are not included in the 2025 outlook.