AGCO Reports Third Quarter Results

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AGCO Corp. (AGCO) Tops Q3 EPS by $1.11, Revenues Beat; Raises FY20 EPS/Revenue Guidance Above Consensus

November 3, 2020 7:35 AM EST

AGCO Corp. (NYSE: AGCO) reported Q3 EPS of $2.09, $1.11 better than the analyst estimate of $0.98. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.14 billion.

Third Quarter Highlights

Reported regional sales results(1): Europe/Middle East (EME) 22.7%, North America 8.6%, South America 14.4%, Asia/Pacific/Africa (APA) 25.2%Constant currency regional sales results(1)(2): EME 18.9%, North America 9.1%, South America 48.5%, APA 21.3%Regional operating margin performance: EME 13.3%, North America 10.0%, South America 6.1%, APA 10.1%Year-to-date free cash flow increased over $309 million from the first nine months of 2019Funding position improved with net debt below September... More