Operating income for the quarter was $27 million, a decrease of $8.2 million, or 23%, compared to operating income of $35.2 million in the prior year third quarter.

The company is off to a strong start to the 2024 fiscal year according to David Meyer, chairman and CEO. He added that the ag segment continues to drive growth.

Order book is up 7% year-over-year as of March 31, 2023, supporting the prospect of continued growth through 2023

Supply chain issues continue to hamper sales growth, and the company continues to have a large backlog.