AGCO Corp. (AGCO) Tops Q4 EPS by 9c, Offers FY19 Guidance

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AGCO Reports Fourth Quarter Results

February 5, 2019 7:46 AM EST

DULUTH, Ga.--(BUSINESS WIRE)-- AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment, reported net sales of approximately $2.6 billion for the fourth quarter of 2018, an increase of approximately 2.6% compared to net sales of approximately $2.5 billion for the fourth quarter of 2017. Reported net income was $1.26 per share and adjusted net income, which excludes restructuring expenses, costs associated with the early retirement of debt and a tax gain related to U.S. tax reform, was $1.31 per share for the fourth quarter of 2018. These results compare to reported net income... More