Tami Zakaria
JPMorgan Chase & Co, Research Division

All right. Good afternoon, everyone. This is Tami Zakaria, Head of Machinery, Engineering and Construction Equity Research at JPMorgan. It is my pleasure to introduce Trimble's CEO, Robert Painter; and SVP of AECO, Mark Schwartz. Thank you, Rob and Mark, for joining us today.

Tami Zakaria
JPMorgan Chase & Co, Research Division

So Rob, I'll start with you. Given we just came out of earnings, maybe it would be helpful to hear from you a state of the union sort of speech in terms of what were the key highlights from the quarter? And what are the things you're looking forward to for the rest of the year?

Robert Painter
CEO, President & Director

Well, good afternoon, and Tami, thanks for hosting this conversation and hosting us here today. The message of Q1 actually is quite similar to the message we've had the preceding 8 quarters, which is one of momentum, focus and clarity. Momentum in the form of the results, we can come back to that focus in the portfolio. We've made conscious choices with our capital allocation to invest and focus where we believe we've got the strongest right to win. So over the last, let's say, 5 years, we've divested 24 businesses and really focused our efforts on our construction and transportation franchises. That also is like a clarity of purpose and the capital allocation we have against that.

And then the momentum. So it was a beat and