AGCO Corp. (AGCO) Tops Q1 EPS by 44c, Updates FY Guidance

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Go back to AGCO Corp. (AGCO) Tops Q1 EPS by 44c, Updates FY Guidance

AGCO Reports First Quarter Results

May 2, 2019 7:54 AM EDT

Full-year Outlook Increased

DULUTH, Ga.--(BUSINESS WIRE)-- AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment and solutions, reported net sales of approximately $2.0 billion for the first quarter of 2019, a decrease of approximately 0.6% compared to the first quarter of 2018. Reported net income was $0.84 per share for the first quarter of 2019, and adjusted net income, excluding restructuring expenses, was $0.86 per share. These results compare to a reported net income of $0.30 per share and adjusted net income, excluding restructuring expenses, of $0.35 per share for the first quarter of 2018.... More