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| M.Lorenzen - AGCO Massey Ferguson 8727 S |
AGCO Corporation, DULUTH, Ga (US): AGCO, Your Agriculture Company (NYSE: AGCO), reported net sales of approximately $2.4 billion for the second quarter of 2019,
, a decrease of approximately 4.5% compared to the second quarter of
2018. Reported and adjusted net income was $1.82 per share for the
second quarter of 2019. “Our second quarter results were highlighted by
margin expansion across all regions and significant growth in earnings
per share,” stated Martin Richenhagen,
AGCO’s Chairman, President and Chief Executive Officer. “Continued
progress on our margin initiatives allowed us to overcome increasingly
challenging market conditions in our key markets and improve earnings
per share on relatively flat revenues. Increased price realization and
initiatives aimed at lowering material costs and raising productivity
contributed to the improved profitability in the second quarter. While
we have lowered our production schedule to align with market demand, we
have raised our earnings outlook for the full year to reflect our
confidence in our continued strong margin performance.” ... read more - lmv-jobboerse - Manfred Lorenzen-Soest
Quelle: AGCO Corporation
Quelle: AGCO Corporation
