Sales Spike Sets Tone for AGCO’s 1Q18

For the first quarter of 2018, AGCO raked in $2 billion in net sales, a 23.3% increase compared to the same 3 month period the year prior. And with the stage set, the company expects sales to reach around $9.3 billion by the year’s end.

The sales expectation reflects improved sales volumes, positive pricing as well as acquisition and foreign-exchange impacts, said AGCO.

Meanwhile, the company reported a gross margin of 21.3%, 100 basis points…

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