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

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

AGCO Reports Third Quarter Results

November 3, 2020 7:30 AM EST

Raises Full-Year Guidance

DULUTH, Ga.--(BUSINESS WIRE)-- AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment and solutions, reported its results for the third quarter ended September 30, 2020. Net sales for the third quarter were approximately $2.5 billion, an increase of approximately 18.4% compared to the third quarter of 2019. Reported and adjusted net income was $2.09 per share for the third quarter of 2020. These results compare to reported net income of $0.10 per share, and adjusted net income, excluding a non-cash deferred income tax adjustment and restructuring expenses,... More