AGCO Corp. (AGCO) Tops Q2 EPS by 13c, Offers Guidance

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Go back to AGCO Corp. (AGCO) Tops Q2 EPS by 13c, Offers Guidance

AGCO Reports Second Quarter Results

July 28, 2022 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, 2022. Net sales for the second quarter were approximately $2.9 billion, an increase of approximately 2.3% compared to the second quarter of 2021. Excluding unfavorable currency translation impacts of approximately 7.5%, net sales in the second quarter of 2022 increased approximately 9.8% compared to the second quarter of 2021. Reported net income was $2.37 per share for the second quarter of 2022, and adjusted net income(3), which excludes restructuring expenses, was $2.38 per... More