Agco reports Q2 EPS $4.22, consensus $1.08

Reports Q2 revenue $2.64B, consensus $2.50B. “AGCO (AGCO) achieved solid second-quarter results with deliberate execution in the areas we can control despite a challenging global agricultural environment marked by weak farm economics and delayed purchasing decisions in several parts of the world,” said Eric Hansotia, Chairman, President and CEO. “Our strong earnings and cash flow generation illustrate meaningful progress in reducing dealer and company inventories through aggressive production cuts. Operating margins benefited from disciplined cost control and continued implementation of our restructuring initiatives. Demand for our premium brands remains resilient, supported by growing interest in precision agriculture and sustainable technologies.”