With strong first-quarter sales performances in North and South America, AGCO beat both top and bottom line estimates, improved its operating margins, but still fell short on profits. With its fast start to the new business year, the company raised its full-year earning estimates to $10.5-10.7 billion from $10.2-10.4 billion in its previous forecast.
The number three worldwide farm equipment maker posted net sales of $2.4 billion for the period ended March 31, up 5.7%…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
