Sluggish sales in South America (–12.8%) didn’t dim AGCO’s overall results as improving sales of farm machinery in the North American (+25.4%) and European regions (+21.7%) set the tone for AGCO Corp. in the second quarter of 2018. The company’s Asia/Pacific/Africa results were up 4.4%.
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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.