AGCO posted net sales of slightly over $2 billion during the second quarter of 2020, which was down 17% vs. the same period a year earlier. Net sales for the first 6 months of 2020 were about $4 billion, a drop of nearly 11% compared to the same period in 2019.
Analysts were anticipating less positive results for AGCO in the second quarter.
On a constant currency basis, regionally, sales were down in three of…
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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.
