AGCO Corp. (AGCO) Tops Q3 EPS by 54c

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Go back to AGCO Corp. (AGCO) Tops Q3 EPS by 54c

AGCO Reports Third Quarter Results

October 28, 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 third quarter ended September 30, 2021. Net sales for the third quarter were approximately $2.7 billion, an increase of approximately 9.1% compared to the third quarter of 2020. Excluding favorable currency translation impacts of approximately 1.6%, net sales in the third quarter of 2021 increased approximately 7.5% compared to the third quarter of 2020. Reported net income was $2.40 per share for the third quarter of 2021, and adjusted net income(3), which excludes restructuring expenses, was $2.41 per... More