AGCO reported third quarter results Oct. 28 with net sales for the quarter down 19.4% year-over-year to $1.7 billion. The company also reported it has lowered its inventory by $305 million compared to the same time in 2014.
Despite the year-over-year declines, an analyst for Seaport Global said in a note to investors that they continue to be impressed by AGCO’s execution on margin in…
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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.
