Agco reports Q2 EPS 4.29, consensus $3.73

Reports Q2 revenue $ $3.82B, consensus $3.71B.”Robust demand for our industry-leading products and favorable global industry conditions fueled AGCO‘s record second quarter results,” stated Eric Hansotia, AGCO’s Chairman, President and Chief Executive Officer. “Our farmer-first strategy delivered record net sales and operating margin. These strong results are further evidence that our precision ag technology and premier equipment are in high demand and are driving sustainable productivity improvements for our farmers while providing us with margin-rich growth opportunities.” Hansotia continued, “As demonstrated at our recent technology event, we are advancing innovative farmer-first technologies through both our mixed-fleet retrofit products and also in our new product offerings. We are continuing toward our goal to offer fully autonomous solutions across the crop cycle by 2030 and are increasing investments in premium technology, smart farming solutions and enhanced digital capabilities to support our farmer-first strategy while helping to sustainably feed the world.”