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AGCO Reports Second Quarter Results 2019 - Your Agriculture Company - Jul. 30, 2019

M.Lorenzen - AGCO  Massey Ferguson 8727 S
AGCO Corporation, DULUTH, Ga (US): AGCO, Your Agriculture Company (NYSE: AGCO), reported net sales of approximately $2.4 billion for the  second quarter of 2019, , a decrease of approximately 4.5% compared to the second quarter of 2018. Reported and adjusted net income was $1.82 per share for the second quarter of 2019. “Our second quarter results were highlighted by margin expansion across all regions and significant growth in earnings per share,” stated Martin Richenhagen, AGCO’s Chairman, President and Chief Executive Officer. “Continued progress on our margin initiatives allowed us to overcome increasingly challenging market conditions in our key markets and improve earnings per share on relatively flat revenues. Increased price realization and initiatives aimed at lowering material costs and raising productivity contributed to the improved profitability in the second quarter. While we have lowered our production schedule to align with market demand, we have raised our earnings outlook for the full year to reflect our confidence in our continued strong margin performance.” ... read more - lmv-jobboerse - Manfred Lorenzen-Soest
Quelle: AGCO Corporation