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AGCO Reports First Quarter Results - Martin Richenhagen AGCO’s Chairman - May 02, 2019

AGCO Corporation, Duluth, GA: AGCO, Your Agriculture Company, reported net sales of approximately $2.0 billion for the first quarter of 2019, a decrease of approximately 0.6% compared to the first quarter of 2018. First Quarter Highlights: • Reported regional sales results(1): North America (1.3)%, Europe/Middle East (“EME”) +4.0%, South America (14.3)%, Asia/Pacific/Africa (“APA”) (16.3)% • Constant currency regional sales results(1)(2): North America (0.6)%, EME +13.2%, South America (2.6%), APA (9.6)% • Operating margin improvement of 190 basis points vs. first quarter of 2018 • Regional operating margin performance: North America 6.2%, EME 10.5%, South America (5.4)%, APA 2.6% • Share repurchase program reduced outstanding shares by approximately 0.4 million during the first three months of 2019 • Increased full-year outlook for net income per share. “Focused operational performance across our regional business units and supportive market conditions are driving sales and earnings growth,” stated Martin Richenhagen, AGCO’s Chairman, President and Chief Executive Officer. ... read more - agrartechnik-jobs.de - lmv-jobboerse - Manfred Lorenzen, Soest
Quelle: AGCO Corporation, Duluth, GA