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Ag Growth International ( (TSE:AFN) ) has provided an update.
AG Growth International Inc. has updated its financial outlook for 2024, projecting an Adjusted EBITDA of approximately $260 million with margins of around 18.5%. The company attributes this revised guidance to a soft North American farm market and delays in engineering and procurement in Brazil, which have affected early order programs and commercial segment projects. AGI acknowledges these challenges and is cautious about a significant rebound in 2025, but remains focused on maintaining a strong margin profile through tactical adjustments.
More about Ag Growth International
AG Growth International Inc. (AGI) is a global provider of equipment and solutions for the efficient storage, transport, and processing of food. The company operates manufacturing facilities in Canada, the United States, Brazil, India, France, and Italy and distributes its products worldwide.
YTD Price Performance: -7.34%
Average Trading Volume: 82,263
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$900.9M
See more data about AFN stock on TipRanks’ Stock Analysis page.