According to AGCO’s July 28 earnings report, the company reported its second-highest 6-month South America revenue in the last decade, as well as a continuously growing stockpile of work in process orders. Overall, the company saw a 2.3% year-over-year increase in its second quarter total revenue to $2.9 billion, while total revenue for the first half of the year was up 7.1% to $5.6 billion.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
