Agco reports Q1 adjusted EPS 94c, consensus 44c

Reports Q1 revenue $2.3B, consensus $2.28B. “AGCO (AGCO) delivered healthy first-quarter sales and margin results, reflecting disciplined execution in a demanding agricultural market and dynamic global environment,” said Eric Hansotia, AGCO’s Chairman, President and CEO. “We outpaced the market, particularly in high-horsepower equipment and precision agriculture, underscoring the strength of our differentiated portfolio and Farmer-First approach. We stayed focused on supporting customers while maintaining operational flexibility with continued production alignment delivering further progress on dealer and company inventories. We achieved near-record first-quarter margins in Europe and continued to grow market share in high-horsepower offerings in North America.”