AGCO Makes Strides in Inventory Reduction, Still More Needed

AGCO reported fourth quarter and full year 2015 results on Feb. 2. The farm equipment manufacturer reported net sales of approximately $2 billion for 4Q, a drop of about 21.2% vs. net sales of about $2.5 billion for the same period of 2014. Excluding unfavorable currency translation impacts of approximately 11.5%, net sales in 4Q of 2015 decreased approximately 9.6% compared to 4Q of 2014.

For the full year, AGCO reported net sales of $7.5…

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