AGCO Corp. (AGCO) Tops Q1 EPS by 87c, Revenues Beat; Offers FY21 EPS/Revenue Guidance Above Consensus

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Go back to AGCO Corp. (AGCO) Tops Q1 EPS by 87c, Revenues Beat; Offers FY21 EPS/Revenue Guidance Above Consensus

AGCO Reports First Quarter Results

April 29, 2021 7:30 AM EDT

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 first quarter ended March 31, 2021. Net sales for the first quarter were approximately $2.4 billion, an increase of approximately 23.4% compared to the first quarter of 2020. Reported net income was $1.99 per share for the first quarter of 2021, and adjusted net income(3), which excludes restructuring expenses, was $2.00 per share. These results compare to reported net income of $0.85 per share, and adjusted net income, excluding restructuring expenses, of $0.86 per share for the first... More