Brooks Mallard

“I'll begin on slide six and review our core sales performance by region. All three regions posted solid core growth in the quarter, driven largely by strong performance in most of our industrial end markets.”

“I'll begin on slide six and review our core sales performance by region. All three regions had positive core growth during the second quarter. Americas grew 1.5% with low single-digit growth in North America, more than offsetting a decrease in South America, which was primarily driven by soft agricultural demand.”

“Nigel, on your point about pricing, really, in terms of the inflationary impacts, we're really going to see that in earnest in the third quarter. It will be a little bit in the second quarter, but really the bulk of it is scheduled for the third quarter.”

“I'll begin on slide six and discuss our core sales performance by region. In the Americas, core sales declined approximately 2.6% in the first quarter. Two fewer working days in our first quarter relative to the prior year period had an unfavorable impact on growth.”

“I'll begin on slide eight and discuss our core sales performance by region. In North America, course sales decreased about 2.5% in Q4 compared to the prior year period.”