AGCO Corp. (AGCO) Tops Q2 EPS by 66c

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Go back to AGCO Corp. (AGCO) Tops Q2 EPS by 66c

AGCO Reports Second Quarter Results

July 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 second quarter ended June 30, 2021. Net sales for the second quarter were approximately $2.9 billion, an increase of approximately 43.5% compared to the second quarter of 2020. Reported net income was $3.73 per share for the second quarter of 2021, and adjusted net income(3), which excludes restructuring expenses and the reversal of a valuation allowance previously established against the Companys deferred tax assets in the United States, was $2.88 per share. These results... More